Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

CN
7 months ago

Microstrategy’s stock (Nasdaq: MSTR) has surged 1,620% since the company adopted its bitcoin-focused strategy, eclipsing the gains of BTC, the S&P 500, and major tech stocks. Over the weekend, executive chairman Michael Saylor highlighted this performance on social media platform X, comparing Microstrategy’s growth to bitcoin, the “Magnificent 7” tech giants, and the broader market over the past three years.

Since August 2020, Microstrategy has significantly outperformed, with MSTR up 1,620% compared to bitcoin’s 426%, the Magnificent 7’s 243%, and the S&P 500’s 73%. Reaffirming his bullish stance on BTC, Saylor wrote:

The only thing better than bitcoin is more bitcoin … If you want to win, you need a bitcoin strategy.

Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

The Magnificent 7 refers to Alphabet (GOOGL; GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA), which have driven much of the recent market rally. Despite their success, MSTR’s gains have far outpaced these tech leaders. Saylor’s second chart shows MSTR’s gains significantly outpacing Nvidia’s 1,107% increase and Arista Networks’ 650% rise.

As of September, Microstrategy holds 252,220 bitcoins. On Sept. 20, the company acquired 7,420 BTC for $458.2 million at an average price of $61,750 per coin. This purchase, funded through a convertible note offering, solidified the software intelligence firm’s position as the largest corporate holder of bitcoin.

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