• Sun. Apr 28th, 2024

Michael Saylor Breaks Down MicroStrategy’s Profitable Bitcoin Investment Journey

Xavier Jackson

ByXavier Jackson

Dec 10, 2023

Michael Saylor, Chairman of MicroStrategy, has revealed the successful outcome of the company’s Bitcoin investment strategy, which has led to a significant increase in its stock value (MSTR), outperforming major indices like the S&P 500 and NASDAQ since its adoption on August 10, 2020.

MicroStrategy’s Strategic Bitcoin Investment Outshines Traditional Assets and Indices

Michael Saylor, the founder and Chairman of MicroStrategy, has highlighted the exceptional performance of the company’s stock (MSTR) since adopting its Bitcoin strategy on August 10, 2020.

Sharing a chart, Saylor revealed that MSTR shares have surpassed the performance of major indices like the S&P 500, Nasdaq, and traditional assets like gold, silver, and bonds, including Bitcoin itself. 

MicroStrategy, known as the largest non-crypto holder of BTC with about 174,530 BTC in its portfolio, embraced the Bitcoin strategy following the COVID-19 pandemic’s impact on the business world. The company has consistently been purchasing Bitcoin since then, notably refraining from selling any of its substantial Bitcoin holdings.

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Experts Highlight MicroStrategy’s Growing Bitcoin-Per-Share Value

Last week, Adam Back, CEO of Blockstream, drew attention to the increasing trend of Bitcoin per share in MicroStrategy’s portfolio. This observation followed insights from Ecoinometrics on the price performance of MSTR. Back’s advice to investors was to consider “buying MSTR using BTC.”

Now, Michael Saylor is advocating for the adoption of the “Bitcoin standard,” showcasing MicroStrategy’s share performance in comparison to Bitcoin and other significant financial assets as a testament to their successful investment strategy.

The chart shared by Michael Saylor offers a striking comparison, indicating that since August 2020, MSTR’s growth stands at an impressive 385%, surpassing Bitcoin’s substantial 274% increase. This performance significantly outpaces traditional financial indices, with the S&P 500 showing a growth of only 37%, and the Nasdaq trailing with a 31% increase in the same period.

MSTR and Bitcoin Surge as Traditional Assets Decline

In contrast to the growth seen in Bitcoin and MSTR shares, traditional assets such as Gold, Silver, and Bonds have not fared as well. According to the chart shared by Michael Saylor, these assets are currently in decline, as depicted by their positioning on the red side of the chart. This downturn highlights Saylor’s assertion that “Bitcoin is stronger.”

Importantly, recent developments in the Bitcoin sphere, particularly the anticipation of a spot Bitcoin ETF approval by the United States Securities and Exchange Commission (SEC), have significantly influenced Bitcoin’s market value. These events have also played a crucial role in the surge experienced by MSTR shares.

At the time of this report, MSTR has seen a 4.96% increase over the last 24 hours, trading at $599, while Bitcoin is currently priced at $43,980.

Xavier Jackson

Xavier Jackson

Xavier Jackson is a talented and versatile news writer with a knack for delivering compelling stories. With a dedication to accurate reporting and a captivating writing style, his articles provide readers with insightful and thought-provoking perspectives on current events.

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