CandleFocus MicroStrategy's Saylor Names One Thing Better Than Bitcoin
2024-10-13
Author: Content Editor
MicroStrategy co-founder Michael Saylor has touted the benefits of Bitcoin, stating that the only thing better than Bitcoin is more Bitcoin. The company's shares have significantly outperformed major companies like Apple and Microsoft since its adoption of a Bitcoin strategy. MicroStrategy's shares have surged by 1,620% compared to a 73% increase in the S&P 500 index. The company recently purchased more crypto, currently owning $15.8 million worth, as it aims to become a trillion-dollar Bitcoin bank. MicroStrategy's approach of focusing solely on Bitcoin has been contrasted with Coinbase, which has diversified into various strategies and altcoins.
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