Michael Saylor: MicroStrategy grew thanks to Bitcoin
Date: 2024-07-16 Author: Oliver Abernathy Categories: BUSINESS
MicroStrategy stock growth history and comparison with Nvidia
Michael Saylor talked about the significant growth of MicroStrategy shares over the past four years and drew a parallel with the dynamics of Nvidia securities. According to his data, since August 10, 2020, when the company began actively investing in Bitcoin, MicroStrategy shares have grown by 1203%. At the same time, Nvidia shares increased by 1050%.
Success by focusing on Bitcoin
Saylor noted that a key factor in MicroStrategy's success was its investment in Bitcoin. The company became the largest corporate holder of this cryptocurrency, controlling 226,331 BTC. MicroStrategy's unrealized gains exceed $14 billion.
Since the beginning of 2024, shares of MicroStrategy (MSTR) have seen gains of more than 250%, highlighting the sustainability of the company's strategy. While Nvidia shares rose 175%, despite the fact that it previously became the most valuable company in the world with a capitalization of $3.33 trillion.
These data highlight the impact of MicroStrategy's Bitcoin investment strategy on its financial results and its market position relative to other technology leaders.
