MicroStrategy vs. Bitcoin: Who Won the 1-Year Performance Duel?
A year-long head-to-head battle reveals which competitor came out on top: MicroStrategy's preferred stock or the cryptocurrency Bitcoin. Strategy Preferred Stock (STRC) outperformed Bitcoin (BTC) by a significant margin, with STRC rising 9% compared to Bitcoin's decline of 47% over the same period. The comparison covered the time frame from August 14, 2025, to August 14, 2026.
STRC, issued by MicroStrategy, is not directly tied to Bitcoin's performance. Instead, it pays income through dividends that adjust to maintain STRC's $100 par value. Despite this, MicroStrategy sold 1,690 BTC in August to finance buybacks of STRC shares, along with selling four other preferred securities. However, all four securities still outperformed Bitcoin by a substantial degree.
Bitcoin's current price hovered near $63,072, remaining deep within a bear market that started last autumn. MicroStrategy's common stock (MSTR) has fallen 75% from its 52-week high of $367.57, leaving common shareholders to bear the burden of the company's leverage. Critics question the sustainability of this strategy. The graphic's omission of MSTR's performance highlights the contrast between the preferred stock's income-producing nature and Bitcoin's volatile nature.
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