Bitcoin vs MicroStrategy: MSTR stock is up 500% this year
As crypto bulls keep waiting for Bitcoin to hit the $100,000 milestone, they may also want to consider a company that own almost 400,000 tokens.
MicroStrategy has been riding Bitcoin, for better or worse, after cofounder and Executive Chairman Michael Saylor hitched the software company’s fortunes to the cryptocurrency in 2020.
Lately, his bet has proved extravagantly lucrative. For the year to date, MicroStrategy stock is up 513%—and that’s even after shares have come off a post-election high that briefly put them up nearly 700%.
Either way, that’s well above Bitcoin’s 2024 gain of about 117%. In fact, MicroStrategy’s market cap of $87 billion is more than double the value of its holdings of 386,700 Bitcoins, which…
