Michael Saylor’s bet on the flagship cryptocurrency, Bitcoin, hasn’t only benefitted his company as the company’s investors are also much richer thanks to the co-founder’s big bet. These investors happen to be some of the biggest gainers in the financial market based on MicroStrategy’s success this year.
MicroStrategy Investors See Over 300% Gain
A recent report by CNBC highlighted how MicroStrategy investors have seen over 300% gain thanks to the company’s Bitcoin bet. These gains have come from the exponential increase in the software company’s stocks. The company’s stocks are up by 326% year-to-date (YTD), according to data from MarketWatch.
This success has been credited to MicroStrategy’s ‘Bitcoin Strategy’, which has been spearheaded by its co-founder Michael Saylor. MicroStrategy ranks up there among the biggest gainers this year and the company has even topped major companies like Meta and Nvidia.
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Author: Scott Matherson