MicroStrategy Outperforms Bitcoin Across Every Four-Year Holding Period
Strategy Inc., parent company of MicroStrategy (MSTR), reported that its stock outperformed Bitcoin across every rolling four-year holding period since adopting its bitcoin strategy. According to CEO Phong Le, MSTR beat BTC in annualized returns for investments made between August 2020 and August 2022, generating stronger returns than Bitcoin in every rolling four-year investment window.
Le stated that this is 'by design' and aligns with the company's long-term objective. The comparison uses rolling holding periods to evaluate long-term performance, which provides a broader view of historical data beyond traditional four-year cycles associated with halving events.
Institutional investors continued adding MSTR shares during the first quarter, with 13 of Strategy's 15 largest shareholders increasing their combined positions by 27%. The company argues that its financing capabilities create value beyond the underlying treasury, reflecting investors' ability to issue equity and preferred securities efficiently.