In a surprising twist, House of Chimera reports that Bitcoin-supported MicroStrategy has outperformed major S&P 500 companies, including Apple, Microsoft, NVIDIA, and Amazon.
Over the past year, MicroStrategy’s stock surged an impressive 357.78%, rising from $68.35 at the start of the year to a peak of $195.03 in March, before stabilizing at $149.97 recently.
In contrast, Apple’s growth was only 28.62%, with its stock now at $226.47, down slightly from earlier highs. Microsoft gained 36.52%, currently priced at $433.51 after peaking at $467.45 in July.
NVIDIA performed strongly with a 175.37% increase, but still lags behind MicroStrategy. Currently, it trades at $116.26, having dropped 8.07% over the past month.
Overall, MicroStrategy’s exceptional gains highlight its successful Bitcoin strategy, far surpassing the growth of these industry titans.
Sky, previously known as MakerDAO, is reconsidering its stance on using Wrapped Bitcoin (WBTC) as collateral after a crucial meeting with BitGo CEO Mike Belshe.
Binance has achieved a significant milestone, with CEO Richard Teng announcing that the exchange has surpassed an astonishing trading volume of $100 trillion.
The U.S. Department of Justice (DOJ) has launched an antitrust lawsuit against Visa, accusing the payments giant of maintaining a monopoly in the debit payments sector.
During yesterday’s hearing, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler faced strong criticism from lawmakers, particularly GOP Majority Whip Tom Emmer, regarding the SEC’s handling of Digital Licensing Inc., also known as DebtBox.