Michael Saylor, the head of MicroStrategy, is a huge Bitcoin believer. He famously says the only thing better than Bitcoin is more Bitcoin. And guess what? His strategy seems to be working incredibly well.
MicroStrategy’s Stock Soars Past Bitcoin
MicroStrategy’s stock (MSTR) has absolutely exploded. Data shows a staggering 3,588% return during what’s being called the “Bitcoin Standard era.” That’s way more than Bitcoin’s own impressive 905% gain during the same period! MSTR’s performance is over three times better than Bitcoin’s.
This massive success highlights the power of Saylor’s aggressive Bitcoin buying strategy. It completely overshadowed other big names. While the Nasdaq (QQQ) was up 106%, the S&P 500 (SPY) 86%, and gold (GLD) 62%, MSTR blew them all away. Real estate (VNQ) and bonds (BND) lagged far behind with only 9% and 19% gains respectively.
A Bold Strategy, Huge Rewards
MicroStrategy has been aggressively buying Bitcoin, using a significant portion of its funds to acquire the cryptocurrency. They even used debt to fuel these purchases. While Bitcoin itself has been a top performer this decade, Saylor’s leveraged bet on MSTR has been even more lucrative.
Record Highs for MSTR
Recently, MSTR stock hit its all-time high market cap. The stock closed at $455.90 per share, a 3.05% increase for the day. This puts MicroStrategy’s total market cap at a massive $128.5 billion, with an enterprise value of $140.2 billion. This incredible valuation is largely due to their massive Bitcoin holdings – over 601,550 BTC, currently worth over $72.1 billion. Saylor’s strategy has clearly outperformed simply holding Bitcoin. MSTR is also up a massive 174% over the past year, with high trading volume.