
Investors who bought MicroStrategy ($MSTR) at 2.5x mNAV in June 2021 are now structurally outperforming Bitcoin. The company’s Bitcoin holdings have surged to 672,497 BTC, giving each share significantly more digital asset exposure than at purchase. Today, 1x NAV per share is $170, well above the 2021 entry price, while the balance sheet is stronger than ever with multiple capital taps. MicroStrategy’s approach highlights the power of long-term corporate Bitcoin adoption in amplifying shareholder returns.
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