In this post:
- Since it began purchasing Bitcoin in 2020, Microstrategy’s MSTR stock has done better than Berkshire Hathaway (BRK), owned by Warren Buffet.
- Since purchasing its Bitcoin assets in August, the software firm has seen a 2,295.74% increase in value, while Berkshire Hathaway’s class A stock has had a 115.64% increase over the same time period.
- According to Michael Saylor, the founder and CEO of Microstrategy, Bitcoin may reach 13 million during the next 21 years.
Berkshire Hathaway, owned by Warren Buffet, is losing ground to Michael Saylor’s Microstrategy by the greatest amount.
Since purchasing its Bitcoin assets in August, the software firm has increased by 2,295.74%, while Berkshire Hathaway has increased by 36.02% within the same time period.
Microstrategy, a software business and Bitcoin corporate holder, is surpassing the Berkshire Hathaway class of renowned investor Warren Buffet. The biggest margin since the dot-com bubble for a stock.
A financial markets charting company called Barchart provided a chart that indicates Microstrategy vs. BRK class B stock is at 0.72 and is quickly getting close to the highs seen during the dot-com boom.
Berkshire Hathaway, owned by renowned investor Warren Buffet, is surpassed by Microstrategy
Since implementing Bitcoin as a strategic reserve asset in August 2020, MSTR has experienced a 2,295.74% increase. In the same duration, Berkshire Hathaway has averaged 36.02%.
Microstrategy has also outpaced Bitcoin’s performance since August 2020. The crypto asset has surged by 673.83% compared to MSTR’s 2,295.74%.
Berkshire Hathaway has refrained from investing in the cryptocurrency sector due to Warren Buffet’s pessimistic views on Bitcoin. Buffet has repeatedly denounced cryptocurrencies, as has his late business colleague Charlie Munger.
Buffet called Bitcoin a “rat poison squared” in 2018, while Charlie Munger said the cryptocurrency will plummet to zero in 2021.
In Berkshire Hathaway’s portfolio, Bitcoin and Microstrategy have also done better than Warren Buffet’s top equities.
During the same period, these equities include Apple, American Express, and Bank of America.
Bitcoin might reach $13 million, according to Michael Saylor
Currently, Microstrategy owns more than 1% of all Bitcoin in use. The average cost to the corporation of one bitcoin is $42,692. On November 11th, it made its most recent acquisition, acquiring an additional 27,200 bitcoins valued at $2.03 billion.
Regarding the asset, Michael Saylor has been rather outspoken. The CEO predicted that during the next 21 years, the price of Bitcoin may soar to $13 million.
In order to increase shareholder value and protect against inflation, Microstrategy has paved the way for other businesses to embrace Bitcoin as a strategic reserve asset. On November 14th, Solidion Technology, a US-based supplier of battery materials, declared that Bitcoin has become its reserve asset.
Additionally, the business declared that it had bought its first Bitcoin. Solidon said that it intends to buy more Bitcoin and expand its total Bitcoin holdings by using 60% of its spare cash reserves. The interest profits from other assets, such money market accounts, would be converted to Bitcoin, they noted. In a similar vein, Bitcoin was accepted as a strategic reserve asset by Tokyo-listed investment firm Metaplanet in May.
