Market news
Market news
10.10.2024 | MicroStrategy: +1325%. Bitcoin: 'Only' +450%
Michael Saylor, the founder of MicroStrategy, the largest private holder of bitcoin, shared a chart showing the performance of his company's stock, bitcoin itself, and the S&P 500 stock index, which includes the 500 largest publicly traded companies on US exchanges by market capitalisation.
Since MicroStrategy first purchased bitcoin in August 2020, the company’s stock has surged by 1,325%. Over the same period, bitcoin has increased by just over 450%, while the S&P 500 has grown by only 71%.
Thus, MicroStrategy shares have outperformed the leading cryptocurrency in terms of profitability by nearly threefold and surpassed the S&P 500 companies by over 18 times. Since the beginning of this year alone, MicroStrategy's stock has risen by 152%, while the price of bitcoin has grown by 'only' 47.4%.

For reference: MicroStrategy Incorporated is an American company founded in 1989, specialising in business analytics, mobile software, and cloud services. Its shares are traded on the global NASDAQ market. The company’s direct competitors in the field of analytics software include IBM, Microsoft, Oracle, Qlik, Salesforce, and SAP.

At the end of September this year, MicroStrategy raised an additional $2.1 billion to purchase more of the leading cryptocurrency, bringing its holdings to 252,220 BTC, or 1.3% of the total supply (approximately $15.7 billion at the current exchange rate).