MicroStrategy’s strategic adoption of Bitcoin (BTC) has proven to be a remarkable success, with the company’s shares (MSTR) reaching unprecedented heights. Since embracing the Bitcoin strategy on August 10, 2020, MicroStrategy’s shares have outperformed key financial assets, including the S&P 500, Nasdaq, Gold, Silver, bonds, and even Bitcoin.
Founder and Chairman Michael Saylor shared a chart showcasing MSTR’s performance, revealing a growth of 385% since August 2020, surpassing Bitcoin’s 274% surge. In comparison, the S&P 500 recorded a growth of 37%, while Nasdaq shares grew by 31%. This impressive performance reinforces Saylor’s assertion that “Bitcoin is stronger.”
MicroStrategy, recognized as the largest non-crypto holder of BTC, has consistently purchased Bitcoin since adopting the strategy in 2020, amassing a portfolio of approximately 174,530 BTC. Notably, the company has steadfastly held onto its significant Bitcoin holdings.
The recent surge in MSTR’s value has garnered attention, with Blockstream CEO Adam Back highlighting MicroStrategy’s increasing Bitcoin per share. Saylor, echoing his confidence in Bitcoin, urged investors to “Adopt the Bitcoin standard” as he showcased the outperformance of MicroStrategy shares against major financial assets.
Despite the broader market events, including the anticipation of spot Bitcoin ETF approval from the U.S. Securities and Exchange Commission (SEC), contributing to Bitcoin’s market volatility, MicroStrategy’s strategic approach has positioned it as a standout performer. As of the latest update, Bitcoin was trading at $44,034.19, reflecting a 0.75% decrease.
