TechFlow news — On August 11, according to Cointelegraph, since MicroStrategy's initial Bitcoin purchase on August 10, 2020, its stock value has surged approximately 1000%, significantly outperforming both Bitcoin itself and the S&P 500 index. Four years later, this bold move has become a defining strategy for the company, delivering returns that even surpass those of Warren Buffett's Berkshire Hathaway.
As of August 10, 2024, MicroStrategy holds 226,500 bitcoins, valued at approximately $13.771 billion, with an average acquisition cost of around $37,000. With Bitcoin's price rising to about $60,500, MicroStrategy's unrealized profit stands at roughly $5.39 billion. Despite these substantial gains, MicroStrategy continues to hold and accumulate more Bitcoin, with its most recent purchase occurring on August 1.
In contrast, Berkshire Hathaway's Class A shares have risen only 104.75% since MicroStrategy's first Bitcoin purchase. Buffett has referred to Bitcoin as "rat poison squared," while his partner Charlie Munger once predicted Bitcoin's price would go to zero. However, both MicroStrategy and Bitcoin have outperformed Berkshire Hathaway's major equity holdings such as Apple, American Express, and Bank of America.
