MicroStrategy (MSTR) CEO Michael Saylor Calls Bitcoin (BTC) the "Next Apple (AAPL)?"

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MicroStrategy (NASDAQ:MSTR) and Metaplanet (NASDAQ:MTLP) are two companies that have seen significant surges in their stock prices, with gains of as much as 4,000% and 2,000%, respectively, since they started adding Bitcoin to their balance sheets.

Both companies began buying Bitcoin in 2020, at the height of the COVID-19 pandemic. MicroStrategy, a software company, has been a particularly aggressive buyer, and it now owns more than 182,000 Bitcoin, making it one of the largest institutional holders of the cryptocurrency.

Both companies' stock price movements have been closely followed by investors, who are interested in seeing how these investments will ultimately pay off.

But is there another company that could see similar gains from a large investment? According to (NASDAQ:AAPL) could be next in line for a huge run if it starts buying back more stock.

"Now, I’m a huge fan of Apple. I think they’re an incredible company with brilliant management. But I’m also a fan of buybacks when they’re done right. And Apple has been doing buybacks for years now. In fact, they just announced a new $90 billion buyback program at the last earnings call. But here’s the thing: they’re not really making any progress on that buyback. They still have about $76 billion to go from the last tranche, and they’re only planning to buy back $1 billion to $3 billion per quarter. At this rate, it will take forever to complete this buyback," said.

Earlier this year, Apple announced a $100 billion buyback after reporting stellar second-quarter earnings. Typically, these announcements are followed by a surge in share price. However, as highlighted by Cramer, this has not been the case.

"People were expecting Apple to really pour the gas on buybacks after smashing earnings estimates and announcing a new $100 billion buyback at the start of May. But they’re not really going full speed. They’re more like cruising in neutral. And with the stock down about 16% from its 52-week high, you’d think they’d want to buy more shares, not less!" he exclaimed.

Moreover, Cramer noted that the announced $100 billion buyback was a reduction from last year’s $110 billion, indicating that Apple wants to retain more cash.

"See, Apple is sitting on a huge cash pile. They have more cash than most countries. And they’re planning to retain more cash this year. They’re going to pay out a variable dividend and they’re going to use some of the cash flow for acquisitions, which is another topic we can discuss another time."

Finally, the renowned investor admitted to holding cryptocurrencies, including Bitcoin and Ethereum, and explained why he sees value in them as part of a diversified portfolio.

"I’m also a fan of cryptocurrencies. I’ve been investing in Bitcoin and Ethereum for a while now. I think they’re interesting assets that can play a role in a diversified portfolio. But I’m not a fan of Apple getting into crypto. At least not yet. I think it’s best to keep those asset classes separate for now."

Despite his enthusiasm for Apple and its products, Cramer pointed out that he wouldn't personally invest in the company at the current valuation.

"Now, I know a lot of people are thinking about investing in Apple. They’re a great company, there’s no doubt about it. But I think the stock is fully valued at these levels. I wouldn’t be a buyer at these prices."

suggest that both companies' stock prices could continue to rise if they maintain their current investment strategies. Of course, there are no guarantees in the stock market, and both companies' stock prices could decline from current levels.

However, both MicroStrategy and Metaplanet have seen some remarkable gains from their cryptocurrency investments, and it will be interesting to see how these investments perform over the long term.