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Strategy’s own annual #performance tracker paints a brutal picture
Top performers this year were Google (+66%), Gold (+64%), and NVIDIA (+41%), steady #gains without signs of overheating. #Major indices and Big #Tech also closed in the green. On the other side of the spectrum: $BTC (-6%), IBIT (-6%), and especially MSTR (-47%). The takeaway is clear: the company with the largest #Bitcoin exposure underperformed #Bitcoin itself. Leverage, a high #premium to NAV, and expectations that never materialized ended up hurting shareholders more than BTC’s drawdown. 💛
#crypto