Market News / Story
Strategy beat BTC in Q3—falling stocks link tells more: Phong Le
Seeking Alpha ·
Seeking Alpha reports: Strategy CEO Phong Le said via X that the company is built to outperform Bitcoin in a bull market. Q3 provided a clear example of that thesis. According to the chart, MSTR returned over ~76.1% in Q3, compared with roughly ~40% for Bitcoin and ~42.2% for iShares Bitcoin Trust ETF . The S&P 500 ( SP500 ) gained just ~3.90%. But the more interesting part is that MSTR’s relationship with equities weakened during the quarter. Its average 60-day correlation with the S&P 500…