Microstrategy Stock MSTR Surges 1,620%, Overtaking Bitcoin, S & P 500 Index
Since Microstrategy adopted its bitcoin-centric strategy, the company's stock MSTR has surged 1,620%, far outpacing tech giants such as bitcoin itself, the S & P 500 Index, and Nvidia. The company's bitcoin holdings now exceed 252,000 BTC. Michael Saylor, executive chairperson of Microstrategy, remains optimistic about the price of bitcoin as his company plans to further increase its BTC investments.