The Stock That Buys Bitcoin Has Beaten Bitcoin. There's a Catch. Some numbers make you blink twice. đ Since August 2020, MSTR has returned about 52% a year, while $BTC itself did roughly 38%. The Nasdaq 100 managed 19%, the S&P 500 16%, gold 12%, and US bonds actually lost money. Saylor also pointed out that Strategy booked a $21 billion gain on its digital assets in Q3. Line that up against quarterly operating income at the biggest S&P 500 companies, and it would rank seventh, just ahead of Meta. Quite the flex for a company whose whole plan is one asset. đŒ But here's the catch I can't ignore. That outperformance is mostly leverage, since Strategy borrows and issues shares to buy more Bitcoin. It works beautifully on the way up and hurts on the way down: by late June, MSTR was down almost 47% for the year while Bitcoin was down about 33%. Then mid-August came, and MSTR swung from about 41% down to 4.6% up, while Bitcoin is still slightly red near $85K. To me, MSTR isn't a better Bitcoin, it's Bitcoin with the volume turned up. Worth remembering before chasing the shinier number. âïž #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Bitcoin