MicroStrategy Executive Chairman Michael Saylor recently highlighted MSTR stock as one of the decade's best-performing assets. Saylor placed MSTR alongside Nvidia and Bitcoin in a social media post detailing the company’s performance.
The company adopted its Bitcoin standard in August 2020. Since that time, MSTR has generated annualized returns of 60%. The stock boasts a total gain of 1,173%, a performance Saylor noted was second only to Nvidia in his comparison.
This commentary follows Bitcoin’s surge past $92,000. Saylor emphasized the success of using Bitcoin as the primary treasury reserve asset. This strategy reinforces MSTR’s position as a strong proxy for cryptocurrency investment, closely tying the stock to the digital currency’s fluctuations.