Bill Miller Snapped Up 50K MicroStrategy Shares In Q3 — Was It A Smarter Play Than Bitcoin ETFs?

Miller Value Partners, led by Bill Miller IV, acquired 50,250 shares of MicroStrategy Inc. (NASDAQ:MSTR) during the third quarter of 2024, a move that has yielded lower returns compared to Bitcoin (CRYPTO: BTC) exchange-traded funds, according to 13F regulatory filings with U.S. Securities and Exchange Commission and market data.

What Happened: The investment firm’s $8.47 million position in MicroStrategy has generated approximately $213,504 in gains since Nov. 14, representing a 2.52% return.

In contrast, investing the same amount in the iShares Bitcoin Trust ETF (NASDAQ:IBIT) would have grown to approximately $1.34 million, reflecting a 15.78% return. This means Miller Value Partners would have gained $1.13 million more by choosing the Bitcoin …

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