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.

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Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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