Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on bitcoin.
Microstrategy’s Performance Since Adopting Bitcoin Strategy
The Nasdaq-listed software company Microstrategy Inc. (Nasdaq: MSTR) released its Q2 financial results Tuesday. CEO Michael Saylor tweeted Wednesday:
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Since adopting a bitcoin strategy, MSTR has outperformed every asset class & big tech stock.
He added that the price of bitcoin increased 94% during that time period while the S&P500 rose 23% and Nasdaq climbed 13%. In contrast, gold, bonds, and silver are
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