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MSTR Is 101% Bitcoin, Proves Michael Saylor

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Mon, 28/10/2024 - 14:36
MSTR Is 101% Bitcoin, Proves Michael Saylor
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Michael Saylor, CEO of MicroStrategy, has gotten the crypto community talking with a recent post about how well his company's stock is doing compared to other assets. 

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Titled "MSTR is 101% Bitcoin," Saylor shared an annualized asset performance chart covering the price trajectories of Bitcoin (BTC), MicroStrategy (MSTR) stock, the S&P 500, real estate, gold and bonds since the software provider adopted its Bitcoin investment strategy in August 2020.

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Saylor's analysis shows that MicroStrategy stock has done the best, rising 101% over the past four years. It is the best-performing asset in the review. Bitcoin has also done well, with holders seeing a solid 51% return over the same period. 

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Four years

The cryptocurrency has seen dramatic fluctuations, reaching an all-time high of $69,000, plummeting under $15,500 amid the FTX collapse in 2022 and rebounding to new heights around the $74,000 mark.

By comparison, the S&P 500 increased by 71%. While this growth is worth noting, it is nothing compared to the gains seen in both MicroStrategy and Bitcoin, which reinforce the idea that they have done better than the market overall over the last four years.

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It seems like Saylor's goal with the post is more than just to show off. It is a way of confirming that he still believes Bitcoin is on the rise. Despite some recent hurdles, including rumors about Tether and ongoing geopolitical tensions, Bitcoin has risen back to $69,000 in the past four days, showing its resilience on the market.

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