Strategy Inc. Executive Chairman Michael Saylor said on July 29 that MSTR stock has posted a 42% annualized return since the company made Bitcoin its primary treasury reserve asset in August 2020. According to Saylor, that performance has outpaced Bitcoin itself, the "Magnificent Seven" technology stocks, and the S&P 500.
As of July 29, Strategy held 843,775 BTC. The company’s cumulative purchase cost stood at about $63.69 billion, with an average acquisition price of roughly $75,476 per Bitcoin. Based on current levels, the position remained about 17.9% underwater relative to cost, translating to an unrealized loss of around $11.4 billion.
The remarks highlight the contrast between Strategy’s long-term stock performance since adopting its Bitcoin treasury approach and the current mark-to-market loss on its BTC holdings.
BlockBeats reported on July 29 that Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor said the company’s stock has delivered a 42% annualized return since Strategy adopted Bitcoin as its primary treasury reserve asset in August 2020.
Saylor said that performance has exceeded returns from Bitcoin itself, the "Magnificent Seven" technology stocks, and the S&P 500.
As of July 29, Strategy held 843,775 BTC. Its cumulative purchase cost was about $63.69 billion, implying an average purchase price of roughly $75,476 per coin. At current levels, the holdings were still about 17.9% below cost, equal to an unrealized loss of around $11.4 billion.
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