MicroStrategy Stock Up Over 200% Since Initial Bitcoin Purchase

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One of the most aggressive investments in Bitcoin during the past year has come from MicroStrategy, a NASDAQ-traded business intelligence firm.

Led by CEO and Bitcoin mega bull, Michael Saylor, MicroStrategy has purchased over $1.3 billion in BTC.

This $1.3 billion does not include the hundreds of millions of dollars in BTC that Saylor owns personally.

Since MicroStrategy’s initial purchase of Bitcoin, not only has it made $1 billion in unrealized profits, but its stock increased by over 200 percent over the course of five months.

MicroStrategy Enters the Bitcoin Arena
Saylor was initially skeptical of Bitcoin, but once he changed his mind, things moved fast. A big catalyst to Saylor’s switch was the ongoing inflation the U.S. dollar is facing.

In 2020 alone, the U.S. has printed about 35 percent of all dollars ever created, a staggering and scary amount for anyone who stores the majority of their wealth in USD. With continued economic uncertainty due to a global pandemic and increased inflation, Saylor decided that it would be safer to convert a portion of MicroStrategy’s treasury reserves into Bitcoin.


Source and continuation of the article: https://beincrypto.com/microstrategy-stock-up-over-200-since-initial-bitcoin-purchase/