MicroStrategy’s Bitcoin Treasury Strategy Delivers 36% Annualized Returns vs Gold’s 16%
Michael Saylor rebutted Peter Schiff by showing Bitcoin annualized at 36% since MicroStrategy began its treasury strategy in August 2020, compared with gold’s 16%, the Nasdaq-100’s 15% and the S&P 500’s 14%. The company holds 762,099 BTC bought at $75,699 each, remaining below breakeven despite being the largest corporate holder.
1. Schiff’s Five-Year Critique
Peter Schiff highlighted Bitcoin’s 12% gain over five years versus gold’s 163%, silver’s 181%, the Nasdaq-100’s 57.4% and the S&P 500’s 59.4%, arguing it failed to outperform key assets in that period.
2. Saylor’s Annualized Return Rebuttal
Michael Saylor measured returns from August 2020 and showed Bitcoin annualized at 36%, compared with gold’s 16%, the Nasdaq-100’s 15% and the S&P 500’s 14%, challenging the relevance of a five-year window starting at Bitcoin’s prior peak.
3. MicroStrategy’s Bitcoin Holdings
MicroStrategy holds 762,099 BTC at an average cost of $75,699 per coin, making it the largest corporate Bitcoin holder; current prices near $66,847 leave its position below breakeven.