MicroStrategy (MSTR) has surged by 1,339% in the past four years, outperforming Nvidia's growth, Michael Saylor highlights.
Nvidia Falls Behind as MicroStrategy Achieves 1339% Growth
The stock price of MicroStrategy (MSTR) has dropped jaws due to the company's phenomenal performance over the past four years. Coincident with the implementation of its successful Bitcoin (BTC) strategy, the company experienced this growth.
According to Coingape, the shares of MicroStrategy increased by 1,339% between August 10, 2020 and July 19, 2024, according to a chart from FactSet. Due to this increase, MSTR's stock has surpassed that of several other firms, including NVIDIA, a prominent chip manufacturer. It is worth mentioning that NVDA has only grown by approximately 956% over the same time frame. In terms of growth, MSTR achieved 40% more than NVDA.
The chart also included other stocks, such as Tesla (TSLA), Google (GOOG), and Microsoft (MSFT), with growth rates ranging from 110% to 153%. The FactSet chart ranked Amazon (AMZN) last throughout the four-year period, with a mere 16% gain.
Investing in MSTR has paid off in the past few weeks. Shares of MSTR concluded Monday's trading session at $1,611 after a 15% jump. It should be noted that this upswing coincided with the price pump of Bitcoin to $65,000, as Bitcoin recorded gains of double digits in just the last three trading sessions at that time.
Over the past six months, MSTR has outperformed several other companies, achieving a gain of up to 135%.
Michael Saylor: MSTR Stock is the Smart Choice Over NVDA
According to the chart's performance, MicroStrategy CEO Michael Saylor said that MSTR is easier to replicate than NVDA.
One of the main reasons for MicroStrategy's success and popularity throughout the years is their Bitcoin accumulating technique. This strategy has maintained the company's consistency and commitment.
At an average price of about $65,883 per Bitcoin, MicroStrategy acquired an extra 11,931 Bitcoins last month.
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