MSTR Surpasses Major Indices with 42% Annualized Return on BTC
Strategy Inc. (NASDAQ: MSTR) Chairman Michael Saylor reported that since the company made Bitcoin its primary reserve asset in August 2020, its stock has achieved an impressive annualized return of 42%. This surpasses not only Bitcoin itself but also the 'Magnificent Seven' tech stocks and the S&P 500 Index.
The company currently holds a significant amount of BTC, with 843,775 units purchased at an average price of around $75,476 per unit. The total cost of these purchases amounts to approximately $63.69 billion, resulting in an unrealized loss of about 17.9% or roughly $11.4 billion.
It's worth noting that this performance is quite remarkable, especially considering the current market conditions. However, it's essential to remember that past results do not guarantee future success, and investors should exercise caution when making investment decisions based on historical data.