MicroStrategy has outperformed the S&P 500 index thanks to its investment in bitcoin (BTC), according to data revealed by Michael Saylor, the company’s CEO. Since adopting BTC as part of its corporate strategy in August 2020, the company has seen over 1,000% growth in its stock performance.
MicroStrategy’s performance not only outperformed the S&P 500. It also allows it to lead among the companies that have shown the best performance since 2020.
This performance puts MicroStrategy above the so-called “Magnificent Seven” of the stock market. The “Magnificent Seven” refers to a group of large technology companies that have dominated earnings and investment interest in recent years. It includes names such as Apple, Microsoft, Amazon, Google (Alphabet Inc.), Netflix, Tesla and Meta Platforms (formerly known as Facebook).
Michael Saylor suggests that this strategy has not only diversified MicroStrategy’s portfolio, but has also generated remarkable returns. This year, MicroStrategy’s BTC investment has yielded almost 18%, up 5.1% so far this quarter. This performance highlights the effectiveness of the company’s investment in bitcoin compared to other traditional investments.
Since its first BTC purchase in 2020, MicroStrategy demonstrates a continued commitment to the digital asset. As of today, the company has accumulated over 250,000 BTC, as reported by CriptoNoticias. This massive acquisition not only reflects MicroStrategy’s faith in bitcoin, but also its positive impact on the value of the company.
MicroStrategy’s decision to invest in bitcoin has been seen as pioneering and has influenced other corporations to consider cryptocurrencies as a valid asset class. The company has not only bought and held bitcoin, but has also used its position to promote the adoption and understanding of this digital currency in the corporate and financial sector.
MicroStrategy shows how an unconventional investment strategy can lead to significant results in a company’s performance. MicroStrategy’s continued and growing acquisition of bitcoin underline the company’s confidence in the future of the digital assetpositioning it as one of the most prominent companies in the corporate adoption of BTC.
