The post MicroStrategy Or Nvidia? MSTR Stock Outperforms NVDA appeared on BitcoinEthereumNews.com.

MicroStrategy’s stock (MSTR) has jaws dropping at the sight of the performance it has recorded in the last four years. This growth just at the time the company adopted its thriving Bitcoin (BTC) strategy.  The Meteoric MSTR Growth Trend A chart from FactSet shows that from August 10, 2020, till July 19, 2024, MicroStrategy stock has seen a surge of 1339%. By this growth, MSTR has outshined some other companies’ stock including that of leading chip manufacturer NVIDIA. Noteworthy, NVDA has seen only about 956% growth during the same period. Compared to NVDA’s growth, MSTR recorded 40% more. Other stocks on the chart were Tesla (TSLA) with 153% growth, Google (GOOG) at 140%, and Microsoft (MSFT) at 110% amongst others. Amazon (AMZN) was at the tail end of the FactSet chart with only a 16% increase in the span of 4 years. In the last few weeks, the MSTR stock has truly seen growth. During Monday’s trading session, MSTR share price surged by 15% and closed at $1,611. It is worth noting that this rally followed the BTC price pump to $65,000 as BTC registered double-digital gains just over the last three trading sessions at the time. In the six months, MSTR has gained up to 135%, more than many other stocks have. MicroStrategy’s Bitcoin Strategy Influences MSTR Per its performance, MicroStrategy CEO Michael Saylor who shared the chart stated that it is easier to copy MSTR than NVDA. It’s easier to copy $MSTR than $NVDA. pic.twitter.com/jaGLy8S5L3 — Michael Saylor⚡️ (@saylor) July 21, 2024 Read Also: Upbit & Other South Korean Exchanges Suffer With New Crypto Law In Effect MicroStrategy’s Bitcoin accumulation strategy has contributed significantly to the recognition and traction that MSTR has received over the years. The company has remained consistent and committed to this strategy. Last month,…

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Filed under: News - @ July 22, 2024 3:16 am