MicroStrategy celebrates 4 years since it first invested in Bitcoin, the market-leading cryptocurrency.
Since its bold decision to adopt Bitcoin as its primary store of value asset in August 2020, MicroStrategy stock has outperformed the competition. The company’s shares have even outperformed those of Berkshire Hathaway, one of the world’s largest holding companies.
By adopting Bitcoin as its primary reserve asset, MicroStrategy has proven to be a pioneer in the corporate world. Although this move was initially met with some skepticism, several companies have now revealed their interest in following in the footsteps of MicroStrategy, which has achieved extraordinary returns on its shares over the past 4 years.
Michael Saylor, CEO of MicroStrategy, stressed that the leading cryptocurrency has been responsible for empowering his company, elevating it above the competition.
MicroStrategy and its exponential growth in the market
Since it began investing in Bitcoin, under the direction of Michael Saylor, MicroStrategy has seen impressive growth in its stock. The company began investing in the leading cryptocurrency in August 2020, marking the beginning of a new strategy that would change its course and the way the use of cryptocurrencies is perceived in the corporate world.
Initially, MicroStrategy invested $250 million, acquiring 21.454 BTC. However, to date, this company has become the largest corporate investor in Bitcoin, holding a total of 226.500 BTC in its reserves, valued at approximately $13.500 billion.
As Saylor highlighted in his latest report on bitcoin buying, MicroStrategy has invested $8.300 billion in the cryptocurrency, representing an unrealized gain of more than $5.000 billion, currently.
Shares rise by almost 1.000%
Since the company started buying bitcoins, its MSTR shares have increased by nearly 1.000%. This growth is 16,2 times higher than the performance of the S&P 500 index stocks over the same period. By comparison, Berkshire Hathaway shares, under Warren Buffett's management, reflect a growth of 104,75% over the same period.
Based on these performance differences, Saylor highlighted how this pioneering and innovative vision has put MicroStrategy in a prominent position in the market.
Michael Saylor: The Bitcoin Visionary Behind MicroStrategy's Success
Michael Saylor has been a central figure in MicroStrategy’s transformation and adoption of Bitcoin as a store of value asset. Saylor has publicly championed Bitcoin, highlighting its importance and value as a safe haven asset superior to fiat currencies and other existing traditional assets. Likewise, Saylor’s current stance towards Bitcoin is quite clear, underlining the cryptocurrency’s potential to protect capital over the long term.
Because of this, Saylor has stated that his goal is to accumulate Bitcoin indefinitely, maintaining the long-term vision, which has so far yielded impressive and tangible results, despite criticism and warnings made by several important figures in the financial sector.
On the other hand, in addition to the MicroStrategy investments, Saylor also owns bitcoins on a personal level. He recently confirmed that he has not sold his personal holdings, which amount to 7.700 BTC, valued at more than $450 million.
MicroStrategy’s CEO is also focusing on Bitcoin education and developing solutions that utilize the cryptocurrency’s underlying technology and its Layer2, Lightning Network. This proactive approach has inspired other business leaders to consider integrating Bitcoin into their investment and treasury strategies.
Other companies follow Saylor's company's example
One of the latest companies to be drawn to the success of MicroStrategy’s Bitcoin strategy is OneMedNet, a healthcare data corporation that recently announced a $4,6 million investment in the cryptocurrency.
MicroStrategy has also influenced investment decisions at other companies, including Metaplanet, Semler Scientific, and Beck & Bulow, which have recognized the potential of cryptocurrency as a store of value asset, validating MicroStrategy’s innovative investment strategy and contributing to the stability and increased value of cryptocurrency in the market.
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