Bitcoin Strategy According to Michael Saylor

U.Today – "If you want to win, you need a Bitcoin strategy" — that's how Michael Saylor, the CEO of MicroStrategy and a prominent figure in the crypto market, titled his new post on X.

Saylor is recognized for his extremely bullish views on Bitcoin, frequently sharing Bitcoin-focused statements on social media that range from viral and unconventional to shocking and insightful, becoming part of crypto market lore.

The latest post is particularly insightful, as Saylor compared MicroStrategy's stock performance against top-performing stocks in the S&P 500, the primary index of the U.S. stock market.

According to Saylor, MicroStrategy had its best stock performance since August 2020 when it adopted its Bitcoin strategy. To put this into perspective, MSTR is up 1,620% year-to-date, while its closest competitor, Nvidia (NASDAQ:NVDA), is up 1,107%, despite all the artificial intelligence hype.

Bitcoin Strategy

The essence of MicroStrategy's and Saylor's approach is straightforward — buy Bitcoin. As a result of regular investments in Bitcoin, the company has become one of the largest holders, with 252,220 BTC purchased at an average price of $39,292.

Currently, this vast holding of Bitcoin yields the company approximately $5.85 billion in unrealized profits.

The positive outcomes are evident, and despite the bear market throughout 2022 and beyond, Saylor and his team have not paused their Bitcoin purchases. This resilience is a crucial aspect of their strategy, emphasizing the importance of preparing for challenging market conditions.

This article was originally published on U.Today.