fbpx

This Bitcoin-Related Company Has A Better 1-Year Return Than Wells Fargo, Facebook, Disney And Amazon

September 8, 2021 2:30 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
This Bitcoin-Related Company Has A Better 1-Year Return Than Wells Fargo, Facebook, Disney And Amazon

MicroStrategy Incorporated (NASDAQ:MSTR), a provider of business intelligence and cloud-based services, has over the past year had an amazing return on investment.

Since September 2020, MicroStrategy stock's one-year return has outperformed a number of the world’s most popular financial, tech and entertainment companies: Wells Fargo & Co (NYSE:WFC), Facebook, Inc. (NASDAQ:FB), Walt Disney Co (NYSE:DIS) and Amazon.com, Inc. (NASDAQ:AMZN).

MicroStrategy is a source for enterprise analytics and mobility software. The company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.

According to MicroStrategy, the company was the first publicly-traded firm to invest significant treasury assets in Bitcoin (CRYPTO: BTC).

On June 21, MicroStrategy announced that it had purchased an additional approximately 13,005 bitcoins for approximately $489 million in cash at an average price of approximately $37,617 per bitcoin, inclusive of fees and expenses. 

As of June 21, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses.

At press time, many are betting against the enterprise analytics company: According to data from Benzinga Pro, MicroStrategy has a total share float of 5.81 million, of which 2.00 million shares are sold short, representing 34.44% of shares sold short.

Here's how the returns break down from September 2020 to present: 

  • Amazon is up from $3,149.84 a share to $3,509.29 for a return of 11.41%
  • Disney is up from $134.20 a share to $184.34 for a return of 37.36%
  • Facebook is up from $271.16 a share to $382.18 for a return of 40.94%
  • Wells Fargo is up from $23.97 a share to $44.31 for a return of 84.86%
  • And finally, MicroStrategy is up from $138.82 a share to $648.01 for a return of 366.80%

 

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

Tesla Deliveries, Rivian Feud, Trump's Twitter Suit, Ethereum Popularity, Dogecoin Knockoffs: 5 Key Headlines You May Have Missed From This Weekend

Tesla Deliveries, Rivian Feud, Trump's Twitter Suit, Ethereum Popularity, Dogecoin Knockoffs: 5 Key Headlines You May Have Missed From This Weekend

Heading into a new trading week, here is a quick roundup of the top five stories from the technology, cryptocurrency and corporate sectors that investors would not want to miss out on from the weekend. read more
Why Buying Tacos And Pizzas At Major Chains With Dogecoin Could Soon Be A Reality

Why Buying Tacos And Pizzas At Major Chains With Dogecoin Could Soon Be A Reality

Verifone, one of the world’s largest point-of-sale providers, could soon make cryptocurrency payments a reality at large-scale U.S.-based retailers. read more
Solana Investment Products Saw $4.8M Weekly Inflows Despite Last Week's DDoS Attack

Solana Investment Products Saw $4.8M Weekly Inflows Despite Last Week's DDoS Attack

A recent DDoS attack on the Solana (CRYPTO: SOL) network hasn’t altered its status as the new favorite altcoin among institutional investors. read more
Cathie Wood's Ark Raises Stakes In Crypto Plays Robinhood, Coinbase — And Other Keys Trades From Monday

Cathie Wood's Ark Raises Stakes In Crypto Plays Robinhood, Coinbase — And Other Keys Trades From Monday

Cathie Wood-led Ark Invest on Monday further raised its exposure in Robinhood Markets Inc (NASDAQ: HOOD) on the dip.  read more