Why Ethereum Would Have Been A Better Investment For MicroStrategy

The debate of which is the better investment between Bitcoin and Ethereum continues to wax strong between communities. This time around, it is being put to the test using MicroStrategy’s crypto investments over the years. Microstrategy is currently seeing a loss on the 130,000 BTC that it had purchased over the years, making it the public company with the largest bitcoin holdings. But what if the company had invested in Ethereum instead? Ethereum Is A Better Bet In the course of about two years, MicroStrategy had ramped up its BTC buying which ran into billions of dollars. At 130,000 BTC on its balance sheet, the company has spent approximately $4 billion to accumulate the coins. However, even with the coins being bought over time at varying prices, the company is still recording a more than $1 billion loss at the current price of bitcoin. Related Reading: Why Cardano (ADA) Could Be Gearing Up For A Rally Given that the company remains steadfast in its support and continuous investment in bitcoin, it begs the question of what would have been the case if the company had gone with another cryptocurrency. Specifically, bitcoin’s largest competitor Ethereum. It is no secret that more often than not, Ethereum has been outperforming bitcoin. So it is not a stretch to say that MicroStrategy would be in a better position if it had invested in Ethereum instead of bitcoin, and the numbers prove this to be true. ETH price remains below $...