Since August 2020, MicroStrategy’s Bitcoin investment strategy has been a true revolution in the financial world. Michael Saylor, President and Founder of the organization, has boldly led this approach, and the results have been extraordinary. In this report, we will explore how MicroStrategy’s investment in Bitcoin has catapulted its stock and redefined the standards of success in the market.
MicroStrategy’s investment in Bitcoin caused immediate effects on the company’s shares
Following the implementation of the Bitcoin investment strategy, MicroStrategy (MSTR) stock saw an impressive rise. Saylor backed up this success by sharing a chart detailing MSTR’s performance since the start of its foray into Bitcoin on August 10, 2020. Surprisingly, MSTR not only outperformed the broader market, but also left behind the Nasdaq, gold, silver, bonds and even Bitcoin itself, according to the chart presented by Saylor.
Betting on the future
MicroStrategy’s bet on Bitcoin has not been superficial; The company has amassed a total of approximately 174,530 BTC in its holdings after its most recent acquisition. This achievement positions MicroStrategy as the largest holder of Bitcoin outside of the crypto space, demonstrating a firm commitment to cryptocurrency as a store of value and a long-term investment strategy.
Resistance to economic challenges
The year 2020 witnessed the COVID-19 pandemic, which severely impacted the corporate sector. However, MicroStrategy, after implementing its Bitcoin investment strategy, demonstrated notable resilience. The company has not only continued its focus on acquiring Bitcoin, but has also refused to unload its considerable holdings of the cryptocurrency, defying traditional financial conventions.
Expert recognition
MicroStrategy’s strategy has not gone unnoticed by industry experts. Adam Back, CEO of Blockstream, highlighted MicroStrategy’s steady growth in Bitcoin per share last week. At a crucial moment, Back encouraged investors to “buy MSTR using BTC,” underscoring industry leaders’ confidence in the company’s strategy.
Adopting the Bitcoin Standard
Michael Saylor has led the call to “adopt the Bitcoin standard” in this new financial era. Presenting a graph comparing the relative growth of MSTR and Bitcoin since August 2020, Saylor showed an increase of 385% for MSTR and 274% for Bitcoin. These figures eclipse the modest growth of the S&P 500 (37%) and the Nasdaq (31%), positioning MicroStrategy and Bitcoin as true titans of financial performance.
