Reaffirming his steadfast faith in the foremost cryptocurrency, MicroStrategy’s founder, Michael Saylor, has stated that the only thing superior to Bitcoin (BTC) is acquiring additional Bitcoin. Supported by concrete data, Saylor’s strong belief seems warranted, as MicroStrategy’s stock (MSTR) experiences rapid growth, surpassing BTC’s rally.
MSTR Surpasses Bitcoin and Major Wall Street Firms
Saylor continues to emphasize his long-standing view on Bitcoin, recently claiming on social media platform X that the only thing better than BTC in recent times is purchasing more of it. Data from a carefully crafted horizontal bar chart by Strategy B indicates that MicroStrategy’s stock has achieved an impressive 3,588% return during what is termed the “Bitcoin Standard era.”
Even more notably, the charts reveal that MicroStrategy’s significant surge has greatly outstripped Bitcoin’s price increase, which saw a 905% gain in the same timeframe. This remarkable difference highlights MSTR’s more than 3X outperformance compared to BTC, showcasing the enhanced returns from Saylor’s aggressive Bitcoin buying strategy.
Saylor’s bold declaration that “the only thing better than Bitcoin is more Bitcoin” not only highlights the remarkable performance of the cryptocurrency but also emphasizes the exponential impact of integrating corporate strategy with it. This groundbreaking performance has positioned MSTR at the pinnacle of the chart, surpassing even major Wall Street firms and traditional equity benchmarks like QQQ (up 106%), SPY (up 86%), and GLD (up 62%). Even more striking is the underperformance of Real Estate (VNQ) and bond funds (BND), which posted gains of just 9% and 19%, respectively, underscoring the critical importance of capital allocation in today’s market.
In recent years, MicroStrategy has embraced a fiercely competitive strategy towards acquiring Bitcoin, converting significant portions of its balance sheet into BTC and utilizing both equity and convertible debt to purchase more. Although the leading cryptocurrency remains the top-performing asset of the decade by most conventional measures, Saylor’s leveraged BTC strategy through MSTR has emerged as one of the most explosive and lucrative investments.
MSTR Stocks Achieve Record Market Cap Value
On July 16, Saylor announced on X that MSTR stocks have achieved their highest market capitalization to date, closing the day at $455.90 per share following a 3.05% increase. This development marks a significant milestone for the company, which now boasts a total market cap of $128.5 billion and an enterprise value of $140.2 billion.
The rally is primarily driven by robust performance in both MSTR shares and BTC, which the company has amassed in substantial quantities over recent years. MicroStrategy’s valuation is underpinned by its vast Bitcoin reserve of 601,550 BTC, presently valued at over $72.1 billion.
With Bitcoin priced at $119,887 at the time of the announcement, Saylor’s leveraged approach has outperformed the asset itself. MSTR has also seen a 174% increase over the past year, with trading activity remaining high, as evidenced by its average 30-day volume of $5.41 billion.
