Microstrategy's stock price has risen 1,620% since adopting its Bitcoin strategy, far exceeding the gains of Bitcoin, the S&P 500 and major technology stocks
2024-10-14 00:12
Odaily News Since Microstrategy adopted its Bitcoin strategy, the company's stock MSTR has risen 1,620%, outperforming the gains of Bitcoin, the S&P 500 and major technology stocks. Last weekend, the company's executive chairman Michael Saylor highlighted this performance on the social media platform X, comparing Microstrategy's growth with Bitcoin, the "Magnificent 7" and the overall market over the past three years, and reiterated his bullish stance on Bitcoin, writing: "The only thing better than Bitcoin is more Bitcoin... If you want to win, you need a Bitcoin strategy." (Bitcoin.com)
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