If you're going to bet on the gold rush, why not own the pickaxe company too? That's essentially Kevin O'Leary's pitch for cryptocurrency investing, and it's a lot more sophisticated than just buying Bitcoin (BTC) and hoping for the moon.

Owning the Infrastructure Play

In a recent X post, the "Shark Tank" star and self-styled "Mr. Wonderful" laid out his philosophy: "I like to own the infrastructure as well as the assets." It's the classic Warren Buffett approach applied to crypto—don't just speculate on the commodity, invest in the companies that make the whole ecosystem work.

"If you're gonna own Bitcoin, back then, why wouldn't you own the entity that mines Bitcoin?" O'Leary asked. Fair question, really.

He specifically highlighted Bitzero, a Canadian energy infrastructure company where he serves as a strategic investor. The firm provides sustainable power generation for data centers supporting high-performance computing and mining activities, and started trading last month on the Canadian Securities Exchange.

What makes the investment particularly interesting to O'Leary is its flexibility. "It's agnostic to who uses its power. You can mine Bitcoin, you can mine Ethereum, or you can build a data center, or build an AI compute. It doesn't matter," he explained.

That diversification matters because it means the company isn't purely betting on crypto prices. Whether digital assets boom or bust, data centers still need power.

A Track Record in Crypto Infrastructure

This isn't O'Leary's first rodeo in crypto infrastructure investing. He's put money into Circle Internet Group Inc. (CRCL), Coinbase Global Inc. (COIN), and Robinhood Markets Inc. (HOOD)—all companies that make money regardless of whether Bitcoin goes up or down on any given day.

The Power Problem

O'Leary has been vocal lately about what he sees as the biggest challenge facing both AI and cryptocurrency: electricity. Earlier this week, he pushed back against the idea of an AI bubble, arguing instead that the real constraint on growth is the scarcity of power generation.

It's a perspective that makes his Bitzero investment look pretty strategic. If power is the bottleneck for the next wave of technology—whether that's AI data centers or crypto mining operations—then owning the infrastructure that provides that power starts to look like a smart play.

O'Leary has also previously stated that owning just Bitcoin and Ethereum (ETH) is sufficient to capture 97.5% of the cryptocurrency market's "alpha," suggesting he sees most other tokens as unnecessary noise.

Price Action: At the time of writing, Bitcoin was trading at $92,962.55, up 6.87% over the previous 24 hours.