MicroStrategy has achieved 1,113% stock growth since adopting Bitcoin strategy.
The company has outperformed S&P 500 giants like NVIDIA and Arista Networks over the past four years.
With Bitcoin’s appreciation, MicroStrategy sees an unrealized profit exceeding $6 billion.
MicroStrategy, under the leadership of founder Michael Saylor, has witnessed a stunning 1,113% increase in its stock price since adopting a Bitcoin-focused strategy on August 10, 2020. This astronomical growth outperforms the S&P 500, surpassing other top companies like NVIDIA, which saw a 1,059% increase, and Arista Networks, which recorded a 539% rise.
The company’s bold move into Bitcoin involved a huge investment. MicroStrategy bought roughly 226,500 bitcoins at an average price of $37,013.69 per bitcoin, spending over $8.38 billion. As of the latest data, those Bitcoin holdings are now worth about $14.45 billion.
Data from FactSet, as of August 23, 2024, shows MicroStrategy’s lead among S&P 500 companies in terms of stock performance since the strategy’s inception. While other S&P 500 companies have seen substantial growth, none have matched the scale of MicroStrategy’s success…
The post This Company Beat Nvidia & the S&P 500: All Thanks to Bitcoin appeared first on Coin Edition.
