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Technology company MicroStrategy, known for its massive investments in Bitcoin, has just achieved exceptional stock performance. According to a recent report, its stock has seen a spectacular increase of 1208% since 2020, far surpassing Bitcoin's 445% increase in the same period.
Since MicroStrategy began accumulating Bitcoin in mid-2020, its stock (MSTR) has experienced a staggering increase of 1208%, according to a recent report by cryptoQuant. This performance crushes that of Bitcoin, which has only progressed 445% in the same period.
The bold strategy of Michael Saylor, CEO of MicroStrategy, to massively convert the company's treasury into Bitcoin, seems to be bearing fruit. In fact, with 252,220 BTC in reserve, acquired at an average price of $39,266, the company is currently making a theoretical profit of around 5.8 billion dollars.
This success demonstrates the growing appetite of institutional investors for indirect exposure to the crypto market, while benefiting from the liquidity and regulation of the traditional stock market.
#BTC#