#CryptoCriss77 #MicroStrategy surpasses 500% annual gains of #BitcoinJourney and Tesla stock
MicroStrategy's premium over Bitcoin reflects investor confidence in its management, debt leverage strategy to acquire more BTC, and future growth potential beyond its crypto assets.
MSTR stock has risen more than 500% year-to-date and 150% year-to-date (YTD) to reach around $1,279 per share as of May 21. In comparison, the price of Bitcoin is up 166% in one year and about 60% YTD.
Why MicroStrategy Outperforms Bitcoin?
MicroStrategy's premium on Bitcoin reflects investors' confidence in the company's management, its debt leverage strategy to acquire more Bitcoin, and the potential for future growth beyond the value of its Bitcoin holdings alone.
In the first quarter of 2024, MicroStrategy reported revenue of $115.2 million, missing analyst expectations of $121.73 million and reflecting a 5.5% year-over-year decline. The company also posted a net loss of $53.1 million, or $3.09 per share, in stark contrast to net income of $461.2 million, or $31.79 per share, reported in the same period last year.
