MicroStrategy vs M2 Money Supply
Since 1998, MicroStrategy has shown a nominal return of +382.9%, while M2 money supply has grown by +445.9%. When adjusted for M2 money supply expansion, MicroStrategy's real return is -11.5%.
Key Insights
MicroStrategy has returned +382.9% nominally since 1998, but -11.5% when adjusted for M2 money supply expansion. This means MicroStrategy's price has not kept pace with monetary expansion, resulting in negative real returns.
Performance Summary
Period: July 6, 1998 to June 1, 2026
What This Means
MicroStrategy has underperformed M2 money supply expansion, resulting in negative real returns. This means the asset's price has not kept pace with monetary expansion, effectively losing purchasing power over time.
Adjusting stock performance for M2 money supply expansion reveals how much of price appreciation is due to monetary policy versus real value growth. This perspective helps investors understand whether an asset is generating genuine wealth or simply keeping pace with money supply growth.