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Barchart
Barchart
Aditya Raghunath

This Little-Known AI Stock Just Entered the Race to Become the Next MicroStrategy

MicroStrategy Rezolve Ai Rezolve Tether Crypto MSTR

In mid-2020, MicroStrategy ((MSTR) announced it would start holding Bitcoin (BTCUSD) on its balance sheet. MicroStrategy’s Executive Chairman, Michael Saylor, is extremely bullish on Bitcoin and views the digital asset as a store of value. Today, MicroStrategy is the largest institutional holder of Bitcoin and owns more than 499,000 BTC, which accounts for 2% of the total supply. 

Bitcoin prices have risen by more than 800% in the last five years, while MSTR stock has returned 1,830%. MSTR’s performance is tied to Bitcoin’s, making the tech stock extremely volatile. For instance, BTC prices are down over 20% from all-time highs, while MicroStrategy shares have fallen by 44%. This shows that MicroStrategy stock is twice as volatile as Bitcoin. 

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