Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Chad Saylor's pivot could probably be considered for the pivot of the century - from a middling software vendor to currently a leading Bitcoin company.
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If you look at Strategy's stock zoomed out chart to the maximum, the last ATH it did was during then year 2000 - some us weren't out in the world yet. Haha. BUT it has surged to another ATH because of? Chad Saylor's Bitcoin investment strategy, which was very simple - Buy Bitcoin, and HODL.
👀
If you look at Strategy's stock zoomed out chart to the maximum, the last ATH it did was during then year 2000 - some us weren't out in the world yet. Haha. BUT it has surged to another ATH because of? Chad Saylor's Bitcoin investment strategy, which was very simple - Buy Bitcoin, and HODL.
Be aware the difference in stock outstanding, the difference in market cap today is considerable. Although I have a hard time finding a source with market cap data going back to March 10, 2000.
Ser, it's the price of the stock that matters more. It actually SURGED more than the previous ATH made during they year 2000. Plus because there are currently more outstanding shares today, it SHOULD have been more difficult to make the stock surge because there's more supply. BUT NO. It did SURGE and it did break into a new ALL TIME HIGH.
Bitcoin "fixed" the stock. Haha.
