The Bureau of Historic Losses · Counterfactual Division
What if you'd bought Strategy (MicroStrategy) in 2021?
By 2021 the company had stopped pretending to be about software and started issuing debt to buy more Bitcoin. Buying here meant buying Michael Saylor's conviction at full price, just before crypto's brutal 2022 winter tested it.
$100 on 2021-01-04, worth today
US$292
As of 2026-06-12, $100 of Strategy (MicroStrategy) bought at 2021's open (US$42.52) is worth US$292 — 2.92×.
total return · dividends reinvested · USD
How much would $100 of Strategy (MicroStrategy) bought in 2021 be worth today?
| You'd have put in | You'd have now | Multiple |
|---|---|---|
| US$100 | US$292 | 2.92× |
| US$1,000 | US$2,915 | 2.92× |
| US$10,000 | US$29,154 | 2.92× |
Lump sum on the year's first trading day, total return (dividends reinvested, splits adjusted), valued at the latest close. Past performance isn't a promise — it's a taunt.
What did Strategy (MicroStrategy) do in 2021?
Opened
US$42.52
2021-01-04
Peaked
US$127.29
2021-02-09
Bottomed
US$42.52
2021-01-04
Closed
US$54.45
2021-12-31
Levels are dividend-adjusted, so historical figures look lower than the headline price of the day — that's the total-return lens, and it's the honest one.
Would steady buying have beaten going all in?
US$28,500 deployed as $100 a week from 2021-01-04, under four temperaments — same money, different nerves.
| All in on day one | US$83,090 |
| Steady weekly buys | US$64,767 |
| Sold dips, rebought rallies | US$44,703 |
| Traded it perfectly | US$890,613 |
“Traded it perfectly” requires knowing the future. Nobody knew the future.
The same $1,000, elsewhere
$1,000 at 2021's open, each valued at the latest close. Hindsight remains undefeated.
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