Michael Saylor's Strategy₿ (Formerly MicroStrategy) Has Outperformed All Major Assets and S&P 500 Stocks Because of Bitcoin

Data from FactSet shows the firm outperformed other key assets, indices, and big tech stocks by a significant margin.

Bitcoin (BTC) has been a key driver behind Michael Saylor’s Strategy₿ (formerly MicroStrategy) outperforming all major assets and S&P 500 stocks over the last few years.

According to data from FactSet, Strategy₿’s MSTR stock has risen by 2,718% since August 2020, while the next highest-earning stock, Nvidia (NVDA), gained 963% during the same period. Notably, BTC was the only cryptocurrency among the top earners, gaining 711%.

After 2020, highlighted by COVID-19’s impact on the markets, big tech stocks claimed more profits, with Tesla (TSLA), Google (GOOG), and Meta (META) ranking after NVDA as the most profitable stocks. All these stocks outperformed the S&P 500, the second most profitable key asset after Bitcoin.

Strategy₿’s MSTR stock performed so well during the period under consideration that its relative gains surpassed the sum of the other top assets. This impressive performance can be attributed to Saylor’s Bitcoin ambition and bullishness toward the cryptocurrency.

The Bitcoin bull is known for his massive BTC purchases under varying market circumstances, and he remains one of the cryptocurrency’s most committed evangelists and strongest supporters.

Strategy₿ is currently the largest corporate holder of Bitcoin, with 190,000 BTC in its portfolio, which accounts for approximately 1% of the total Bitcoin supply and is part of the firm’s acquisition target.

According to Phong Le, the company’s CEO, Strategy has completed $20 billion of its $42 billion capital plan, putting the firm ahead of its initial timelines.

It’s worth noting that many Bitcoin users, especially retail investors, follow Strategy’s programs when making investment decisions. They consider the firm a significant player in the industry, and believe its moves are well-informed and can influence many users’ sentiments.