The market performance of Michael Saylor’s company, MicroStrategy, surpasses Bitcoin in terms of its strategic approach to Bitcoin.
In recent months, while Bitcoin recorded an impressive gain of about 19% last month and 63% in the past six months, MicroStrategy surpassed these gains, registering a remarkable increase of 23% last month and 104% in the past six months.
The superior performance of MicroStrategy is based on the company’s unique position in the market and the scarcity premium it offers to stock investors who want exposure to Bitcoin.
The strategic advantage of MicroStrategy is associated with its relatively lower risk due to its stable and cash-rich business intelligence software business compared to other companies exposed to Bitcoin.
This stability, combined with an aggressive Bitcoin holding strategy, contributes to the company’s extraordinary market performance. As of the end of November, MicroStrategy held approximately 174,530 Bitcoins, constituting a significant portion of its corporate value.
In a significant strategic move in November, MicroStrategy invested over $530 million by purchasing more than 16,000 Bitcoins using its Market (ATM) bid, aiming to utilize its stock valuation premium to gain an advantage over the spot price of Bitcoin. Additionally, MicroStrategy continued its commitment to this strategy by applying for another ATM of $750 million.
Michael Saylor previously shared a chart illustrating MicroStrategy’s performance. This chart clearly shows that MSTR shares outperformed various assets such as the S&P 500, Nasdaq, Gold, Silver, bonds, and even Bitcoin.
Consider a #Bitcoin Strategy. pic.twitter.com/MJcGxiVHop
— Michael Saylor⚡️ (@saylor) August 2, 2023
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