Michael Saylor, the visionary founder of MicroStrategy, is once again advocating for Bitcoin as the quintessential strategic asset for publicly traded companies. In a recent tweet, CryptoQuant CEO Ki Young Ju underscored how Saylor’s bold move into Bitcoin has resulted in a return three times higher for MicroStrategy than Bitcoin’s own performance.
Bitcoin’s Performance vs. MicroStrategy
Ki Young Ju’s tweet emphasized that Bitcoin has surged by an impressive 237% over the past two years. Yet, MicroStrategy, which has made significant investments in Bitcoin, has outshone the cryptocurrency itself, skyrocketing by 669% during the same period.
According to the tweet:
“@saylor has proven that #Bitcoin is the best strategic asset for publicly traded companies. Bitcoin gained 237% over two years, while MicroStrategy surged 669%. Both fell similarly during the bear market, but MSTR rebounded 3x as strongly as BTC.”
Both Bitcoin and MicroStrategy experienced comparable declines during the bear market. However, MicroStrategy’s recovery was three times stronger than Bitcoin’s, demonstrating the robustness of their strategic decision to invest heavily in Bitcoin.
Michael Saylor firmly believes that a “Bitcoin strategy” is the optimal approach for any business aiming to thrive in the current market landscape. He asserts that Bitcoin, despite its volatility, remains the most solid investment over the long term. For Saylor, Bitcoin is not merely a speculative asset but a crucial tool for companies seeking to grow and outpace their competition.
Interestingly, MicroStrategy’s current market value now accurately reflects its Bitcoin holdings. This is a stark contrast to 2021, when the company was often viewed as overvalued. This alignment underlines that MicroStrategy’s strategy of closely integrating its business with Bitcoin is proving successful, positioning the company as a leader among businesses investing in cryptocurrency.
MicroStrategy Bitcoin Holdings
At present, MicroStrategy holds an astounding 252,220 Bitcoins, valued at approximately $16 billion. The company’s stock has surged 119% year-to-date, showcasing a remarkable rise compared to BlackRock’s iShares Bitcoin Trust (IBIT), which has increased by just 35%.
With such colossal growth and a steadfast commitment to Bitcoin, MicroStrategy continues to demonstrate that a Bitcoin strategy might be the best path for companies seeking substantial returns. This approach not only solidifies MicroStrategy’s market position but also serves as a compelling case study for other firms contemplating a similar strategy.
