Since the collapse of crypto markets two year ago, MicroStrategy Inc. has outperformed almost every major US stock, including AI bellwether Nvidia Corp.
Fueling the more than 1,700% gain has been co-founder and Chairman Michael Saylor’s unconventional decision four years ago to buy Bitcoin to offset inflation, which has turned the little-known enterprise software maker into the world’s most prominent crypto hedge-fund proxy. With MicroStrategy continuing to make purchases through Bitcoin’s recovery over the past two years, the Tysons Corner, Virginia-based firm has amassed around $18 billion of the tokens, making it the largest publicly traded corporate holder of the cryptocurrency.
