Bitcoin

Spot

Billion

<a href="https://www.newsbtc.com/bitcoin-news/microstrategy-bitcoin-strategy-spot-etfs/#:~:text=MicroStrategy's%20Michael%20Saylor%20Says%20Spot%20ETF%20Approvals%20Have%20No%20Bearing%20On%20Bitcoin%20Strategy,-by%20Scott%20Matherson&amp;text=MicroStrategy%20co%2Dfounder%20and%20former,the%20company's%20%E2%80%9CBitcoin%20Strategy.%E2%80%9D" rel="nofollow noopener" target="_blank">Michael Saylor’s</a> bet on the flagship cryptocurrency, Bitcoin, hasn’t only <a href="https://www.newsbtc.com/bitcoin-news/microstrategy-bitcoin-strategy-spot-etfs/#:~:text=MicroStrategy's%20Michael%20Saylor%20Says%20Spot%20ETF%20Approvals%20Have%20No%20Bearing%20On%20Bitcoin%20Strategy,-by%20Scott%20Matherson&amp;text=MicroStrategy%20co%2Dfounder%20and%20former,the%20company's%20%E2%80%9CBitcoin%20Strategy.%E2%80%9D" rel="nofollow noopener" target="_blank">benefitted his company</a> as the company’s investors are also much richer thanks to the co-founder’s big bet. These investors happen to be some of the biggest gainers in the financial market based on MicroStrategy’s success this year.&nbsp; 
<h2 id="microstrategy-investors-see-over-300-gain">MicroStrategy Investors See Over 300% Gain&nbsp;</h2> 
A recent <a href="https://www.cnbc.com/2023/12/26/microstrategys-bitcoin-bet-produces-300percent-gain-for-investors-in-2023.html?taid=658ad8afca93ff0001d40386&amp;utm_campaign=trueanthem&amp;utm_medium=social&amp;utm_source=twitter%7Cmain" rel="nofollow noopener" target="_blank">report</a> by CNBC highlighted how MicroStrategy investors have seen over 300% gain thanks to the company’s <a href="https://www.newsbtc.com/news/bitcoin/can-bitcoin-price-climb-to-47000-heres-what-this-crypto-analyst-thinks/" rel="nofollow noopener" target="_blank">Bitcoin</a> bet. These gains have come from the exponential increase in the software company’s stocks. The company’s stocks are up by 326% year-to-date (YTD), according to <a href="https://www.marketwatch.com/investing/stock/mstr?mod=search_symbol" rel="nofollow noopener" target="_blank">data</a> from MarketWatch.&nbsp; 
This success has been credited to MicroStrategy’s ‘Bitcoin Strategy’, which has been spearheaded by its co-founder Michael Saylor. MicroStrategy ranks up there among the biggest gainers this year and the company has even topped major companies like Meta and Nvidia. 
The gain of over 300% enjoyed by MicroStrategy’s investors is even more impressive when comparing it with how much Bitcoin itself has made for <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-millionaires-246-2023/" rel="nofollow noopener" target="_blank">its investors this year</a>. The flagship cryptocurrency is up about 157% YTD, with this figure also representing the gain made by Bitcoin investors so far this year.&nbsp; 
Much credit has to be given to MicroStrategy’s co-founder, Michael Saylor, who has continued to <a href="https://www.newsbtc.com/news/bitcoin/michael-saylor-bitcoin-1-million/?noamp=mobile" rel="nofollow noopener" target="_blank">believe in the pioneer cryptocurrency</a> even during the peak of the bear market. This Bitcoin strategy, which was implemented in 2020 when the company began to <a href="https://www.newsbtc.com/news/bitcoin/microstrategy-bitcoin-strategy/#:~:text=MicroStrategy%20Acquired%20An%20Additional%20155,third%2Dquarter%202023%20financial%20results." rel="nofollow noopener" target="_blank">accumulate BTC</a>, has evidently brought immense success to the company. 
The company has gone from being just a software company to one that provides an avenue for investors to gain exposure to Bitcoin. Many, especially institutional investors, who cannot directly invest in Bitcoin continue to see the company’s stocks as an alternative way to invest in the flagship cryptocurrency.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter" src="https://www.tradingview.com/x/fDB5btlF/" alt="Bitcoin price chart from Tradingview.com (MicroStrategy)" width="3266" height="1530"> 
<h2 id="will-spot-bitcoin-etfs-affect-microstategy-s-bitcoin-strategy">Will Spot Bitcoin ETFs Affect MicroStategy’s Bitcoin Strategy?</h2> 
Spot Bitcoin ETFs <a href="https://www.newsbtc.com/news/bitcoin/bloomberg-spot-bitcoin-etf/#:~:text=Bloomberg%20Analyst%20Predicts%20Likelihood%20Of%20A%20Spot%20Bitcoin%20ETF%20By%20January%202024,-by%20Scott%20Matherson&amp;text=Following%20notable%20changes%20to%20the,as%20early%20as%20next%20year" rel="nofollow noopener" target="_blank">could potentially be approved</a> as early as January and this could be a concern for MicroStrategy, considering that some of its investors who invested in its stocks just for Bitcoin exposure <a href="https://www.newsbtc.com/news/bitcoin/institutional-investors-spot-etf/" rel="nofollow noopener" target="_blank">could move their capital</a> to these funds. On the other hand, this development could also be beneficial for the software company. 
Approval of Spot Bitcoin ETFs <a href="https://bitcoinist.com/bitcoin-spot-etf-three-years/">is projected</a> to spark a significant increase in Bitcoin’s price, which also means more profit for Saylor and his company. The company also has one over these Spot ETFs as it can put its BTC holdings to work. As such, these ETFs are unlikely to have so much impact on MicroStrategy’s future success.&nbsp; 
Saylor himself had <a href="https://www.newsbtc.com/bitcoin-news/microstrategy-bitcoin-strategy-spot-etfs/" rel="nofollow noopener" target="_blank">previously commented</a> on this, as he stated that <a href="https://www.newsbtc.com/news/bitcoin/95-bitcoin-spot-etf-january/" rel="nofollow noopener" target="_blank">approval of these Spot Bitcoin ETFs</a> has no bearing on their Bitcoin strategy. He further said that his company has a unique Bitcoin offering, which these ETFs cannot emulate. The MicroStrategy co-founder also <a href="https://www.newsbtc.com/news/bitcoin/michael-saylor-bitcoin-1-million/?noamp=mobile" rel="nofollow noopener" target="_blank">recently highlighted</a> these Spot BTC ETFs as being bullish for Bitcoin going into 2024.&nbsp;

How MicroStrategy Investors Have Profited From Saylor’s Billion Dollar Bitcoin Bet

Table of Contents

Bitcoinist

Other articles published on Dec 27, 2023

Shiba Inu Token Burn Rate Surges by 1,677%

Crypto security firms warn of emerging threats in 2024

2023 Crypto Magazine: A look at highlights that shaped the industry this year

Solana Price Continues Tumbling! Will SOL Price Conclude The Year On A Bearish Note?

Which Meme Coins Can Reach $1 In The Next Crypto Bull Run - BONE, DOGE, MEME, SHIB, SPONGE, WSM

ETH Price Prediction: ETH is in Dilemma, is $2500 Possible?

Join our free newsletter for daily crypto updates!