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<p dir="ltr">American business intelligence and software firm MicroStrategy has continued to enjoy the dividends of its Bitcoin association. With the uptick in the past few weeks, MicroStrategy shares — MSTR — have&nbsp;<a href="https://www.google.com/finance/quote/MSTR:NASDAQ" rel="noopener noreferrer nofollow">jumped</a> to a six-month high of $186.09.</p>
<h2 id="bitcoin-paid-off-for-microstrategy">Bitcoin paid off for MicroStrategy</h2>
<p dir="ltr">Despite its establishment date of November 1989, MicroStrategy started gaining intense attention in August 2020, when it adopted Bitcoin as its Treasury Reserve Asset.</p>
<p dir="ltr">This move was unusual for a Wall Street business at a time when the global economy was close to collapsing. Under&nbsp;<a href="https://u.today/michael-saylor-calls-bitcoin-lightning-in-a-bottle-as-btc-drops-7" rel="noopener noreferrer nofollow">Michael Saylor</a>’s leadership, MicroStrategy started buying Bitcoin and remained consistent.</p>
<p dir="ltr">Before its Bitcoin adoption in 2020, the company’s share price traded well below the $20 mark. However, with the firm’s resolute embrace of crypto, investors have continued liking MSTR, injecting liquidity along the way.</p>
<p dir="ltr">Within the space of four years, MicroStrategy stock has outperformed the majority of its Wall Street counterparts. Shares have surged by more than 446% in the trailing 12-month period. Since August 2020, MSTR has skyrocketed by over 1,166.7%.</p>
<p dir="ltr">While its Bitcoin adoption has helped it&nbsp;<a href="https://u.today/microstrategy-beats-nvidia-with-staggering-gains" rel="noopener noreferrer nofollow">surpass</a> this historic milestone, MicroStrategy stock is still below its March 10, 2000, all-time high (ATH) of $313.</p>
<h2 id="profitability-differs">Profitability differs</h2>
<p dir="ltr">Despite the share price action, MicroStrategy has a rare&nbsp;<a href="https://u.today/microstrategys-portfolio-reaching-7-billion-profit-details" rel="noopener noreferrer nofollow">profitability track record</a>, drawing on its Bitcoin holdings.&nbsp;</p>
<p dir="ltr">With its last purchase, the company sold 7,420 BTC for approximately $458.2 million at about $61,750 per Bitcoin. For that purchase on Sept. 20, MicroStrategy said it has achieved a BTC yield of 5.1% QTD and 17.8% YTD.&nbsp;</p>
<p dir="ltr">The company now HODLs 252,220 BTC, acquired for approximately $9.9 billion at about $39,266 per Bitcoin. With Bitcoin’s current price coming in at $62,430.35, this total holding is worth $15.7 billion. With a $5.8 billion gross profit raked in, investors might be more confident about betting on MSTR because of its promising future outlook.</p>

MicroStrategy Scores Major Win, Bitcoin's Influence Paying Off?

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