- MicroStrategy has achieved 1,113% stock growth since adopting Bitcoin strategy.
- The company has outperformed S&P 500 giants like NVIDIA and Arista Networks over the past four years.
- With Bitcoin’s appreciation, MicroStrategy sees an unrealized profit exceeding $6 billion.
MicroStrategy, under the leadership of founder Michael Saylor, has witnessed a stunning 1,113% increase in its stock price since adopting a Bitcoin-focused strategy on August 10, 2020. This astronomical growth outperforms the S&P 500, surpassing other top companies like NVIDIA, which saw a 1,059% increase, and Arista Networks, which recorded a 539% rise.
The company’s bold move into Bitcoin involved a huge investment. MicroStrategy bought roughly 226,500 bitcoins at an average price of $37,013.69 per bitcoin, spending over $8.38 billion. As of the latest data, those Bitcoin holdings are now worth about $14.45 billion.
Data from FactSet, as of August 23, 2024, shows MicroStrategy’s lead among S&P 500 companies in terms of stock performance since the strategy’s inception. While other S&P 500 companies have seen substantial growth, none have matched the scale of MicroStrategy’s success.
The company’s Bitcoin bet has not only boosted its finances but also set an example for other corporations thinking about similar strategies. Plus, MicroStrategy (MSTR) stock joined the MSCI World Index for large and medium-sized companies earlier this year.
When comparing Microstrategy’s performance with the S&P 500, Nvidia’s growth comes behind Microstrategy’s, recording 1,059% in four years despite benefiting from the artificial intelligence buzz.
Meanwhile, Arista Networks saw 539% growth in the same period, coming in third. The Santa Clara-based computer networking company has taken advantage of the growing interest in AI hardware, partnering with Nvidia earlier this year.
Other top performers are Eli Lilly (523%), Quanta Services (467%), Howmet Aerospace (442%), Broadcom (408%), and Marathon Petroleum (372%).
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