MicroStrategy, a software company known for investing in Bitcoin, has outperformed Warren Buffet’s Berkshire Hathaway investment conglomerate by a significant margin of 2,295.74% since August 2020, compared to Berkshire Hathaway’s 36.02% growth. According to a Barchart graph, the ratio of 0.72 is quickly approaching the highs seen during the dotcom bubble.
In addition, MicroStrategy has also outperformed Bitcoin itself, which increased by 673.83%, and Bitcoin has outperformed Warren Buffett’s negative opinion on the cryptocurrency, which Berkshire Hathaway avoided. Bitcoin and MicroStrategy also outperformed the top stocks in Warren Buffett’s Berkshire Hathaway portfolio and the S&P 500.
MicroStrategy first invested in Bitcoin as a strategic reserve asset in August 2020, and has continued to make monthly purchases, making it the largest corporate Bitcoin holder. CEO Michael Saylor has influenced other companies to adopt Bitcoin as a strategic reserve asset, with Solidion Technology announcing plans to use 60% of its excess cash reserves to purchase more Bitcoins and increase its total holdings.