Is MicroStrategy (Strategy) Still the Best Bitcoin Proxy Stock You Can Buy?
During the past five years, MicroStrategy (NASDAQ: MSTR) stock is up almost 2,900%. No other company even comes close. Nvidia, for example, is up a little more than 1,400% during that same time period.What's particularly remarkable about the performance of MicroStrategy, which is now doing business as Strategy, is that it is based almost entirely on its relentless accumulation of Bitcoin (CRYPTO: BTC). The more Bitcoin Strategy buys, the higher its stock price goes.As a result, a number of companies are now jumping into the fray, attempting to become "the next Strategy" by embarking on Bitcoin buying campaigns. But do they even have a chance?Continue reading
During the past five years, MicroStrategy (NASDAQ: MSTR) stock is up almost 2,900%. No other company even comes close. Nvidia, for example, is up a little more than 1,400% during that same time period.
What's particularly remarkable about the performance of MicroStrategy, which is now doing business as Strategy, is that it is based almost entirely on its relentless accumulation of Bitcoin (CRYPTO: BTC). The more Bitcoin Strategy buys, the higher its stock price goes.
As a result, a number of companies are now jumping into the fray, attempting to become "the next Strategy" by embarking on Bitcoin buying campaigns. But do they even have a chance?
