Michael Saylor’s MicroStrategy is outperforming Warren Buffett’s Berkshire Hathaway by an unprecedented margin. Since August 2020, when MicroStrategy first invested in Bitcoin, the software company has skyrocketed 2,295.74%, while Berkshire Hathaway has seen a more modest increase of 36.02% over the same period.
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MicroStrategy, known for holding substantial Bitcoin reserves, is achieving returns that surpass those of the legendary investor’s Berkshire Hathaway Class A stock, marking the widest performance gap since the dot-com bubble.
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MicroStrategy Outshines Warren Buffett’s Berkshire Hathaway
A financial chart from Barchart, a market charting firm, illustrates the comparison between MicroStrategy and Berkshire Hathaway Class B stock. The ratio stands at 0.72, nearing levels last observed during the dot-com era.
MSTR has surged 2,295.74% since designating Bitcoin as a strategic reserve asset in August 2020, vastly outpacing Berkshire Hathaway, which has gained 36.02% during this time frame.
Additionally, MicroStrategy has outperformed Bitcoin itself. While Bitcoin has risen 673.83% since August 2020, MicroStrategy’s gains of 2,295.74% remain significantly higher.
Warren Buffett’s pessimistic view of Bitcoin has led Berkshire Hathaway to refrain from engaging with the cryptocurrency market. Both Buffett and his late associate Charlie Munger have openly denounced cryptocurrencies, with Buffett famously labeling Bitcoin as “rat poison squared” in 2018. Munger, on the other hand, forecasted that the value of the asset would plummet to zero by 2021.
In contrast, Bitcoin and MicroStrategy have demonstrated superior performance compared to some of Warren Buffett’s most prominent investments within Berkshire Hathaway’s portfolio. Notable stocks such as Bank of America, American Express, and Apple have not matched the growth seen in Bitcoin and MicroStrategy during the same period.
Bank of America and American Express have posted gains of 76.15% and 171%, respectively, since August 2020, while Apple has risen by 86%. In comparison, both Bitcoin and MicroStrategy have significantly outperformed the S&P 500, which has climbed 71.31% during the same period.
MicroStrategy began its Bitcoin investment journey on August 11, 2020, by purchasing 21,454 Bitcoin for $250 million, marking the start of a series of aggressive Bitcoin acquisitions. The company has consistently added to its Bitcoin reserves nearly every month since then.
Data from Bitcoin Treasuries shows that MicroStrategy is now the largest corporate Bitcoin holder, with a total of 279,420 BTC valued at $25.3 billion at the current Bitcoin price of $90,540.
Michael Saylor Predicts Bitcoin Could Reach $13 Million
MicroStrategy now owns more than 1% of the total Bitcoin supply. The company has paid an average price of $42,692 per Bitcoin, with its most recent purchase on November 11th, adding 27,200 BTC for $2.03 billion. Michael Saylor, the company’s CEO, has been an outspoken Bitcoin advocate, predicting that the cryptocurrency could soar to $13 million over the next 21 years.
MicroStrategy’s strategy has inspired other companies to consider Bitcoin as a reserve asset. On November 14th, Solidion Technology, a U.S.-based battery materials provider, announced its decision to adopt Bitcoin as a strategic reserve to combat inflation and increase shareholder value.
The organization has also disclosed that it has completed its inaugural acquisition of Bitcoin. Solidon revealed its intention to allocate 60% of its surplus cash reserves towards the procurement of additional Bitcoin, thereby enhancing its total Bitcoin assets. Furthermore, the company indicated that it would be converting interest income from various investments, including money market accounts, into Bitcoin. In a related development, the Tokyo-listed investment firm Metaplanet embraced Bitcoin as a strategic reserve asset in May.
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