MicroStrategy (MSTR) outperforms leading traditional assets since adopting Bitcoin standard
Updated: Dec 5, 2022
Bitcoin’s (BTC) last market bull market was inspired by institutional investors who accumulated the assets at historical levels. Among the notable institutions is United States-based business intelligence firm MicroStrategy (NASDAQ: MSTR) which has invested in BTC under the Bitcoin standard.
After starting to accumulate the flagship cryptocurrency, the company’s stock has recorded positive gains compared to other traditional investment products. In this line, data compiled by Finbold indicates that since MSTR adopted the Bitcoin standard on August 10, 2020, the stock has surged 69.31% as of October 14.