MicroStrategy bought its first BTC on August 10, 2020, becoming the first public company to use BTC as its primary reserve asset. After 4 years, this strategy has surpassed the profits of Warren Buffett's Berkshire Hathaway.
📈 MicroStrategy made $5.38 billion in BTC profits
- As of August 10, 2024, MicroStrategy has 226,500 BTC worth $13.771 billion, purchased at an average price of about $37,000/BTC. BTC is currently trading at around $60,500, giving the company an unrealized profit of about $5.39 billion.
- Despite the large profits, MicroStrategy still holds BTC and continues to buy more, most recently on August 1.
Michael Saylor beats Warren Buffett
- MSTR stock price is up about 1,000% since August 2020, 1.5 times higher than BTC's return and 16.25 times higher than the S&P 500 (SPX).
- Buffett's BRK.A stock is up just 104.75% over the same period, due to Buffett's negative views on BTC.
- BTC and MSTR have outperformed Buffett's top stocks like Apple, American Express, and Bank of America.
However, some traders want to short MSTR stock, arguing that it is trading at an "unreasonable premium" to BTC.
What do you think of MicroStrategy's strategy? Comment below! 💬
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