MicroStrategy Outpaces BlackRock’s IBIT by Over 3x Year-to-Date
The introduction of U.S. bitcoin exchange-traded funds on January 11, 2024, has been a game-changer in the financial world. These ETFs, such as the BlackRock iShares Bitcoin Trust (IBIT), have seen a total of $17.7 billion in net inflows since their inception, as reported by Farside data.
IBIT has quickly gained attention as a potential rival to MicroStrategy (MSTR), a company known for its significant bitcoin holdings and unique business model. Under the leadership of Executive Chairman Michael Saylor, MicroStrategy currently possesses 252,220 bitcoins, valued at around $16 billion.
Year-to-date, MicroStrategy’s stock has surged by 119%, outperforming IBIT’s 35% growth by more than three times, signaling the market’s confidence in the company’s strategy and vision.
