MicroStrategy’s stock (MSTR) has been turning heads with its extraordinary performance over the past four years, coinciding with the company’s adoption of a robust Bitcoin (BTC) strategy.
According to a chart from FactSet, from August 10, 2020, to July 19, 2024, MicroStrategy’s stock has skyrocketed by an astonishing 1339%.
This impressive growth surpasses that of leading tech companies, including NVIDIA (NVDA), which saw a 956% increase during the same period.
MicroStrategy Surges Amid Bitcoin Rally
The data highlights that MSTR’s growth outpaced NVIDIA by 40%. Other notable stocks on the chart include Tesla (TSLA) with a 153% increase, Google (GOOG) at 140%, and Microsoft (MSFT) at 110%. Amazon (AMZN) lagged behind with a modest 16% rise over the four years.
Recent weeks have been particularly fruitful for MSTR. During a recent Monday trading session, the stock surged by 15%, closing at $1,611, fueled by a BTC price pump to $65,000. Over the past six months, MSTR has gained 135%, outstripping many other stocks.
MicroStrategy CEO Michael Saylor, sharing the chart, noted that it is easier to replicate MSTR’s success than NVDA’s. The company’s Bitcoin accumulation strategy has significantly contributed to its rising stock value and increased recognition.
Last month, MicroStrategy added 11,931 Bitcoins to its holdings at an average price of $65,883 per Bitcoin, funded by an $800 million convertible notes offering. This acquisition brought their total Bitcoin holdings to 226,331 units, acquired at an average price of $36,798 per BTC, totaling approximately $8.33 billion.
In an intriguing twist, MicroStrategy’s stock growth has outpaced Bitcoin itself. Over the past year, Bitcoin surged by 124.89%, according to CoinMarketCap, while MSTR saw a remarkable 307% increase, as per Google Finance data.
MicroStrategy’s strategic Bitcoin investments have paid off, positioning the company as a standout performer in the stock market and showcasing the potential rewards of a bold and committed investment strategy.
