MicroStrategy Shares Outperform Bitcoin: Saylor Reveals!

  • Beyond the profitability wave experienced in the last few weeks, business intelligence and software company MicroStrategy’s Bitcoin (BTC) strategy has proven to be successful.
  • With the latest purchase, MicroStrategy is considered the largest non-crypto owner of BTC with a portfolio of around 174,530 BTC.
  • Among other assets commonly compared to Bitcoin, including Gold, Silver, and Bonds, experiencing declines and appearing in the red zone on the chart.

MicroStrategy’s Bitcoin strategy has been successful, but according to the graph shared by Saylor, MSTR shares are performing even better!

MicroStrategy Surpassing Bitcoin

michael-saylor-bitcoin

Beyond the wave of profitability in recent weeks, the Bitcoin (BTC) strategy of business intelligence and software company MicroStrategy has proven to be successful. The shares of MicroStrategy (MSTR) reached unprecedented highs since adopting this strategy.

Michael Saylor, the founder and President of the Bitcoin-friendly company, shared a screenshot of a graph detailing the performance of MSTR since adopting the Bitcoin strategy on August 10, 2020. This graph shows that MSTR shares outperform assets such as S&P 500, Nasdaq, Gold, Silver, bonds, and even Bitcoin.

With the latest purchase, MicroStrategy is considered the largest non-crypto owner of BTC with a portfolio of around 174,530 BTC. The company’s Bitcoin strategy, adopted in 2020, came shortly after the disruptive COVID-19 pandemic. Since then, MicroStrategy has consistently been buying this leading cryptocurrency. An interesting aspect of this move is the company’s avoidance of selling its significant Bitcoin holdings.

Last week, Blockstream CEO Adam Back noted that experts are starting to notice the increasing difference between MicroStrategy’s stock price and Bitcoin. This came after Ecoinometrics provided insights into MSTR’s price performance. Back then, he urged investors to “buy MSTR using BTC.”

This time, Saylor states, “Adopt the Bitcoin standard” with a chart showing the performance of MicroStrategy shares against Bitcoin and other major financial assets.

MSTR-Performance
MSTR vs Assets

For reference, the graph shared by Saylor shows that MSTR has grown by 385% since August 2020, while Bitcoin has increased by 274%. Surpassing its closest competitor, Nasdaq shares, which recorded only a 37% growth.

Gold, Silver, and Bonds in Decline

Among other assets commonly compared to Bitcoin, including Gold, Silver, and Bonds, experiencing declines and appearing in the red zone on the chart, demonstrating a loss of value over time. Examining this insight supports Saylor’s judgment that “Bitcoin is stronger.”

As an important note, recent events around Bitcoin, especially awaiting approval for a spot Bitcoin ETF from the U.S. Securities and Exchange Commission (SEC), have contributed to the rise of MSTR by triggering market value. At the time of writing this article, Bitcoin was trading at $43,657, experiencing a 0.75% decrease.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Ankr Co-Founder Chandler Song Joins Dogecoin Holdings to Revolutionize Asset Management in the Dogecoin Ecosystem

In a significant move for the cryptocurrency space, Ankr's...

Record $1.4 Billion Inflow for Bitcoin ETFs as Market Impacted by ‘Trump Effect’

On November 8th, the cryptocurrency market witnessed a remarkable...

Bitcoin Set to Surge Towards $110,000 After Federal Reserve Rate Cut and ETF Inflows

The cryptocurrency market is exhibiting dynamic movements in response...

Stacks Co-Founder Launches Bitcoin L2 Labs with $20 Million Funding to Enhance Stacks Development

Stacks Co-founder Muneeb Ali revealed on November 8th via...

October Bitcoin Production Soars by 13% to 3,630 BTC, Reveals Farside Investors Report

In a recent update from COINOTAG News dated November...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img