
MicroStrategy (MSTR) has significantly underperformed Bitcoin year-to-date, with MSTR down 49.50% at $151.51 compared to Bitcoin's 6.68% decline at $87,218.20. This represents a negative delta of 43% for MSTR relative to Bitcoin, suggesting that holding MSTR as a proxy for Bitcoin has been a less effective strategy this year. Investors should consider this underperformance when evaluating MSTR's correlation and leverage to Bitcoin.

By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.