MicroStrategy moves to Bitcoin standard – firm now up +77%

1 year ago 269

Quick Take

Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin. While repaying its $205 million SIlvergate loan at a 22% discount. Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes.

S&P 500: +19%

Nasdaq: +16%

Gold: +2%

TLT: -38%

MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard.  Trading View)MSTR: (Source: Trading View)

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