Better Crypto Buy: Bitcoin vs. Strategy (MicroStrategy)
Key Points
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After hitting a 52-week high of $543 in November 2024, Strategy is now trading for just $335.
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The recent pullback in Strategy’s price highlights the potential perils of investing in Bitcoin treasury companies.
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If investors are no longer willing to attach a premium to Strategy’s Bitcoin holdings, then Bitcoin is obviously the better play.
It’s hard to argue with the long-term performance of Strategy(NASDAQ: MSTR). Since this high-profile Bitcoin treasury company started accumulating Bitcoin(CRYPTO: BTC) in August 2020, its stock is up more than 2,300%. The more Bitcoin that Strategy buys, the higher its price goes.
That is, until recently. Since July 1, Strategy (formerly MicroStratgey) is down nearly 20%. And the Bitcoin treasury…
