Bitcoin Beats ‘Mag 7’ Stocks in Strategy Performance

Michael Saylor credits Bitcoin for MicroStrategy’s outperformance over the ‘Mag 7’ stocks, with corporate treasuries surpassing 1M BTC.

MicroStrategy Bitcoin-driven strategy has outperformed the “Magnificent 7” tech stocks, including Tesla, Nvidia, and Meta. Michael Saylor has credited Bitcoin for driving the company’s exceptional returns, further highlighting its growing importance in financial markets.

Bitcoin-Driven Strategy Outperforms Tech Giants

Michael Saylor has emphasized how Bitcoin has reshaped market returns, especially for his company, MicroStrategy. He compared the firm’s Bitcoin-linked performance against the so-called “Magnificent 7” stocks, which include Tesla, Nvidia, Meta, Alphabet, Apple, Amazon, and Microsoft. 

According to data shared by Saylor, MicroStrategy’s Bitcoin-based strategy has outperformed these tech giants in terms of open interest and market capitalization.

The Bitcoin-driven strategy’s performance has surpassed traditional market indices like the S&P 500 and Vanguard ETFs. While Tesla’s performance sits at 26%, MicroStrategy posted a return of 100.5%. This significant difference in market returns underscores Bitcoin’s potential as a powerful investment tool, as Saylor pointed out.

Annualized Returns Highlight Bitcoin’s Dominance

Saylor further backed his point by comparing the annualized returns of MicroStrategy to those of leading tech companies. In what he called the “Bitcoin Standard Era,” MicroStrategy’s returns hit 91%, significantly higher than Nvidia’s 72% and Tesla’s 32%. Other companies, including Alphabet, Meta, Microsoft, Apple, and Amazon, posted much lower returns, trailing behind the Bitcoin-powered strategy.

Saylor’s comparison serves as evidence that Bitcoin, as an asset, is outperforming some of the most dominant tech stocks in the market. Bitcoin has thus become not only a hedge against inflation but also a strategic asset generating higher returns than traditional tech stocks.

Corporate Treasuries Boost Bitcoin Holdings

The growing adoption of Bitcoin as a strategic asset is reflected in the increasing holdings of corporate treasuries. According to BitcoinTreasuries.NET, over the past week, twelve companies boosted their Bitcoin holdings, with MicroStrategy leading the way. 

The firm purchased an additional 1,955 BTC, while other companies like Gemini and Bitdeer increased their holdings significantly as well.

This surge in corporate Bitcoin adoption has contributed to Bitcoin’s broader market momentum. The top 100 public companies now hold over 1 million BTC, worth more than $117 billion. Bitcoin is no longer viewed solely as a hedge but as a core reserve asset by businesses worldwide, highlighting its growing legitimacy.

Source: https://www.livebitcoinnews.com/michael-saylor-credits-bitcoin-for-beating-mag-7-stocks-in-strategy-performance/