- Michael Saylor unveiled how MSTR has performed since August 10, 2020.
- After its most recent purchase, MicroStrategy’s holdings stand at 174,530 BTC.
MicroStrategy’s approach to Bitcoin has been successful so far. After implementing this method , MicroStrategy’s (MSTR) stock price skyrocketed.
Michael Saylor, Chairman and Founder of the organization, published a chart snapshot that showed how MSTR has performed since August 10, 2020, when MicroStrategy started investing in Bitcoin. Stocks in MSTR have beaten the market, the Nasdaq, gold, silver, bonds, and even Bitcoin, as shown in the chart by Saylor.
Banking on Bitcoin
After its most recent purchase, MicroStrategy’s holdings now contain around 174,530 BTC, making it the biggest non-crypto holder of BTC.
The COVID-19 epidemic rocked the corporate sector in 2020, just after the company implemented Bitcoin strategy. Ever since then, MicroStrategy has made a point of buying BTC. An intriguing aspect of this decision is that the company in question declined to part with its sizable Bitcoin holdings.
Experts are starting to notice MicroStrategy’s steadily growing Bitcoin per share, as noted by Blockstream CEO Adam Back last week. During that time, Back urged investors to “buy MSTR using BTC.”
Using the performance of MicroStrategy shares compared to Bitcoin and other significant financial assets, Saylor is stating, “Adopt the Bitcoin standard” this time.
Saylor provided a graph that illustrates the relative growth of MSTR and Bitcoin since August 2020; MSTR has increased by 385% and Bitcoin by 274%. When compared to the S&P 500, which has grown by 37%, the two have far outpaced it. Conversely, Nasdaq shares have seen a 31% increase.
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Source: https://thenewscrypto.com/microstrategys-bitcoin-strategy-propelled-stock-surge-since-2020/