We’ll just keep buying the top forever; every day is a good day to buy bitcoin,” the founder and chairman of MicroStrategy recently told CNBC. “I would have bought Manhat

MicroStrategy stock is trading way above the value of its huge bitcoin stash. That is just the latest example of market valuations that break "the law of one price", writes Heard on the Street's Jonathan Weil.

MicroStrategy (MSTR) is on a tear, blowing past nearly every other stock in the U.S. with a 480% surge this year, thanks to one relentless strategy: buying