Michael Saylor’s Strategy Outpaces Bitcoin and ETFs in Crypto Boom
Michael Saylor’s company, Strategy, is a leader in the crypto world with a clever plan. It raises money by selling stocks and borrowing, then uses that cash to buy lots of Bitcoin. Such activity has helped its stock price jump 26% this year, beating Bitcoin’s 16% rise, making it one of the top stocks in the Nasdaq 100.
Since the year 2020, Strategy’s value has grown from $1 billion to over $100 billion, largely because it holds $60 billion in Bitcoin, more than any other company.
Unlike Bitcoin ETFs, which only follow Bitcoin’s price, Strategy’s stock is worth more than its Bitcoin because small investors are excited about Saylor’s bold vision for Bitcoin. This excitement has resulted in a hike in stock price. When the stock…
