**MicroStrategy's Bitcoin Bet Pays Off Big**

MicroStrategy made headlines on August 10, 2020, as the first publicly traded company to adopt Bitcoin as its primary treasury reserve. Fast forward four years, and the company’s bold strategy has paid off handsomely. As of August 10, 2024, MicroStrategy holds 226,500 BTC valued at $13.771 billion, with an average purchase price of around $37,000 per Bitcoin. With Bitcoin trading at approximately $60,500, the company enjoys unrealized profits of about $5.39 billion.

Despite these gains, MicroStrategy, led by Michael Saylor, has not sold any of its Bitcoin holdings and continues to accumulate more. This strategy has significantly boosted the company’s stock (MSTR), which has surged by around 1,000% since August 2020. In comparison, Warren Buffett’s Berkshire Hathaway has only gained 104.75% during the same period.

However, not everyone is convinced. Investment firm Kerrisdale Capital argues that MSTR is trading at an "unjustifiable premium" to Bitcoin and suggests shorting the stock while going long on Bitcoin.

As always, investing involves risks, and readers should conduct their own research before making any decisions.