Saylor had begun purchasing bitcoin for MicroStrategy’s balance sheet in August 2020, fueling its stock rally alongside bitcoin in 2020 and 2021. Taking a wider view, Saylor this week pointed out that MicroStrategy’s share price is up 254% since he first began making bitcoin purchases, well ahead of the Nasdaq’s 31% advance and gains by individual tech stocks like Google parent Alphabet (GOOGL), Apple (AAPL) and Microsoft (MSFT), which are each higher by 60% to 76%, during that time.
MicroStrategy’s (MSTR) Bitcoin (BTC) Billions Have Rebounded Since Michael Saylor Exited CEO Job a Year Ago
