MicroStrategy Outpaces BlackRock’s IBIT by Over 3x Year-to-Date

The launch of US bitcoin exchange-traded funds on January 11, 2024 has turn into some of the essential monetary occasions of the yr. These ETFs, together with the BlackRock iShares Bitcoin Belief (IBIT), have collectively attracted quite a bit $17.7 billion in net inflows since their debut, in response to Farside information. For some, IBIT has emerged as a competitor to MicroStrategy (MSTR), an organization identified for its substantial bitcoin holdings and twin enterprise mannequin. Led by Govt Chairman Michael Saylor, MicroStrategy presently owns 252,220 bitcoins, price roughly $16 billion. 12 months-to-date, MicroStrategy shares are up 119% in comparison with IBIT’s 35%, reflecting greater than threefold outperformance.