MicroStrategy moves to Bitcoin standard – firm now up +77% Quick Take
- Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin.
- While repaying its $205 million SIlvergate loan at a 22% discount.
- Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes.
S&P 500: +19%
Nasdaq: +16%
Gold: +2%
TLT: -38%
- MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.