Saylor Celebrates 4th Anniversary Of Microstrategy’s Bold Bitcoin Bet

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 12, 2024 13:38

MicroStrategy co-founder Michael Saylor took to social media to celebrate the fourth anniversary of the company’s bold Bitcoin bet. On August 11, 2020, the firm adopted Bitcoin as its primary treasury reserve asset. MicroStrategy has managed to outperform 499 out of 500 stocks in the S&P 500. MSTR stock was added to the MSCI World Index earlier this year after outperforming Bitcoin. However, due to a loss of $102.6 million reported in the previous quarter, it is not eligible for the prestigious S&P 500 index for now. However, Saylor recently confirmed that MicroStrategy would continue buying Bitcoin.