“If you want to win, you need a Bitcoin strategy” – that’s the title of a new post on X by Michael Saylor, CEO of MicroStrategy and one of the major players in the crypto market.
Saylor is known for his extremely bullish views on major cryptocurrencies, and makes sure to make Bitcoin-focused statements almost daily on social media, sometimes making headlines and sometimes unconventional. , sometimes shocking and sometimes insightful, are already part of it. Crypto market lore.
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But the latest one, in which Saylor plots MSTR stock’s performance compared to other top stocks in the S&P 500, the main index for the U.S. stock market, is more insightful.
He said MicroStrategy had the best stock price performance since August 2020, when the software maker adopted a Bitcoin strategy. To put this in perspective, MSTR is up 1,620% year-to-date, while its closest competitor, Nvidia, is up 1,107%. This is despite all the hype around artificial intelligence.
bitcoin strategy
The essence of MicroStrategy and Saylor’s approach is simple – buy Bitcoin. As a result of these regular crypto purchases, the company has become one of the largest Bitcoin holders over the past four years, purchasing 252,220 BTC on its books at an average price of $39,292.
As of now, this huge amount of Bitcoin has given the company about $5.85 billion in unrealized gains.
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The results are clear: Despite the bear market continuing into 2022 and beyond, Saylor & Company has not stopped buying Bitcoin. This is probably an implicit part of your strategy, as you need to be prepared for the most difficult situations. several times along the way.
