MicroStrategy Stock Up 1,540% Since 2020, Outperforms S&P 500
In what is certainly a sign of the company’s thriving strategy, Michael Saylor’s MicroStrategy (MSTR) has seen its stock increase 1,540% since 2020, outperforming all of the S&P 500 in that time. Indeed, the index has only increased 11% in that time frame, showing the monumental growth the tech company has enjoyed. A key part of MicroStrategy’s success has been its adopted Bitcoin accumulation strategy. The timing of its BTC efforts could not have been better. Through the last several years, the firm has continuously increased its holdings in the leading cryptocurrency. Thereby increasing its overall value on the stock market. Source: CryptoSlate Also Read: Barclays Raise Microstrategy Stock Price Post BTC Rally: Target $225 MicroStrategy Surging Since 2020 as It Stands Above Every S&P 500 Company 2024 has proven to be Bitcoin’s year. It became the first crypto-based ETF to get regulatory approval in the United States. Moreover, just three months into t...