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.

The post MicroStrategy moves to Bitcoin standard – firm now up +77% appeared first on CryptoSlate.