MicroStrategy stock outperforms Bitcoin despite market decline
cnbc.com —
MicroStrategy, a company heavily invested in Bitcoin, has outperformed the cryptocurrency itself this year, despite Bitcoin's price decline. The company's stock has gained about 2.7% year-to-date, while Bitcoin has faced downward pressure. MicroStrategy holds over 499,000 Bitcoin, valued at nearly $42 billion, but its market cap is $77.4 billion. This means the stock is trading at about double the value of its Bitcoin holdings, reflecting investor confidence in the company's strategy. An options strategy has been suggested for those looking to profit if MicroStrategy's stock falls. This involves a put spread that could yield profits if the stock price drops between $150 and $250.