There is no second best
138,955 BTC
currently worth $ 3.760 billion
3,666,313 ETH
currently worth $ 6.342 billion
What if Microstrategy had bought ETH instead?
-0.417 billion USD
with BTC
2.165 billion USD
with ETH
What about staking?
295,977 ETH
at 4%, currently worth $ 512.0 million
3,962,290 ETH
currently worth $ 6.854 billion
What if he buys ETH now?
2,173,582 ETH
...if he trades his BTC for ETH now...
188 million USD
Microstrategy never had this much operating income
Why this visualization?
Mainly because the data nerd in me was interested in the data. Now you can also use it for your petty Twitter dunks on Michael Saylor. Of course hindsight is 20/20, and his decision to convert his company cash (and more) into Bitcoin could have been (and still can be) the greatest decision ever. But saying “there is no second best crypto asset” is a bit of a stretch if you ask me and the data that is currently available.
