In four of the past five years, Bitcoin (BTC -0.24%) has been the top-performing asset in the world, and it hasn’t even been close. In 2020, 2023, and 2024, Bitcoin delivered triple-digit returns to investors. Over the past five years, Bitcoin is now up a head-spinning 956%.
It might seem unfathomable, then, that any stock could possibly surpass Bitcoin’s performance over that time interval. So you might be surprised that Strategy (MSTR 3.21%) — the company formerly known as MicroStrategy — has done exactly that. In 2025, Strategy is up 20% at a time when Bitcoin is struggling. So is it a better buy?
Performance comparison
It really doesn’t matter what time period you look at — year to date, 12 months, or five years — Strategy has surpassed the performance of Bitcoin. As you can see in the chart below, the performances of Strategy and Bitcoin were highly correlated until early 2024, when there was…
