MicroStrategy shares experienced growth of more than 1000% while Nvidia’s rose by around 900%. What factors influenced this?
The actions of MicroStrategy Inc surpassed Nvidia Corp in terms of performance over the past four years, thanks to the Bitcoin investment strategy adopted by the company led by Michael Saylor.
According to CriptoNoticias, MicroStrategy shares experienced a 1071% growth since the company adopted Bitcoin as part of its corporate treasury on August 10, 2020. In comparison, Nvidia saw a 939% increase in the same period, which marks a 132% difference between the two companies.
MicroStrategy currently holds 252,220 bitcoins, with its most recent purchase of 7,400 BTC made between Sept. 13 and Sept. 19, valued at approximately $460 million. This focus on Bitcoin has led the company to accumulate the largest amount of this digital asset among listed companies.
Before adopting this strategy, MicroStrategy shares were trading at just $14 in June 2019. Today, those same shares sit at $144, having peaked at $178 so far this year.
Saylor has urged others to follow MicroStrategy’s model, saying that any individual, family, company or country can replicate this strategy and “enjoy the same superior performance.”
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The controversies surrounding MicroStrategy
MicroStrategy’s Bitcoin investment strategy has yielded strong results, outperforming tech giants like Nvidia. However, the Virginia-based tech firm has not been without controversy.
Max Keisera staunch Bitcoin advocate, criticized Michael Saylor for questioning the BTC strategy adopted by the government of El Salvador. Keiser argued that Saylor should apologize to the president. Nayib Bukele for your comments.
On the other hand, Nvidia showed bullish signs and volatility ahead of its upcoming earnings report. According to a recent analysis, although the stock is showing short-term volatility, there are indicators that there could be bullish momentum on the horizon.
This suggests that investors could be close to witnessing a new all-time high in its shares, based on technical analysis and other internal fundamentals.
Source: Ambito
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