What was MicroStrategy's compound annual growth rate (CAGR) since 2018?

MicroStrategy's CAGR from 2018 to September 2026 was 32.5% per year. For comparison, the S&P 500 has historically averaged around 10% annually. MicroStrategy significantly outperformed traditional equity markets on an annualized basis.

How does MicroStrategy compare to the S&P 500 since 2018?

The same $1,000 invested in an S&P 500 index fund in 2018 would be worth approximately $3,300.00 today. MicroStrategy outperformed the index by $8,435.20 — 3.56x the return of the S&P 500.

How much of the MicroStrategy gain would you keep after taxes?

Sold today, the $10,735.20 gain would be a long-term capital gain for US federal tax. At the 15% rate most people pay, you'd keep about $10,124.92. At the top rate of 23.8% (20% plus the 3.8% net investment income tax) you'd keep about $9,180.23, and lower incomes pay 0%. State tax is extra, and gains inside a Roth IRA aren't taxed.

What is the inflation-adjusted return on $1,000 in MicroStrategy since 2018?

Adjusted for cumulative US inflation since 2018, the real purchasing-power value of the MicroStrategy position is approximately $9,038.99 in 2018 dollars. Even after inflation, this is an extraordinary real return — inflation only marginally reduces gains of this magnitude.

How did MicroStrategy perform in 2018?

MicroStrategy fell 2.4% during 2018, from $13.18 at the start of the year to $12.86 at the start of 2019.

What If You Invested $1,000 in MicroStrategy in 2018?

Q: Did MicroStrategy pay dividends?

No. MicroStrategy paid no dividends over this period, so the whole return came from its share price.

Try your own numbers

If I had putintoat the start of…

it would be worth today

$11,735

+$10,735 profit11.7x32.5% a year

The same $1,000 in an S&P 500 index fund: $3,300

Aftertax on the gain, you’d keep$10,125

US federal long-term rates: 15% for most people, 0% on lower incomes, 20% + 3.8% on high incomes. No state tax included; none inside a Roth IRA.

Compare with

Growth Over Time

Performance Metrics

Total Invested

$1,000.00

Current Value

$11,735.20

Total Profit

$10,735.20

Multiplier

11.7x

CAGR

32.5%

Max Drawdown

-81.1%

Inflation-Adjusted

$9,038.99

Benchmark Comparison

How does $1,000.00 invested in 2018 compare across different asset classes?

Asset	Value Today	Return
MicroStrategy	$11,735.20	11.7x
S&P 500	$3,300.00	3.30x
Gold	$3,234.15	3.23x
Savings (2% APY)	$1,189.06	1.19x

Dividends

MicroStrategy paid no dividends over this period, so the whole return came from its share price.

Dividends from Yahoo Finance. Shares today assume every dividend was reinvested.

Back in 2018

In June 2018, MicroStrategy named its finance chief Phong Le as chief operating officer too, a role he held alongside his job as CFO. sec.gov
In 2018, a gallon of gas averaged $2.72, a movie ticket averaged $9.11 and the new iPhone XS started at $999. eia.gov apple.com hollywoodreporter.com
During 2018 itself, MicroStrategy fell 2.4%, #42 of the 94 investments we track. The best was The Trade Desk (+150%); the worst was Cardano (−94%). Full 2018 results →

$1,000 in MicroStrategy, year by year

Of the 94 investments we track that were available at the start of 2018, MicroStrategy ranks #12 by growth to today — just behind TSMC and ahead of ASML. See the full 2018 ranking →

MicroStrategy started 2018 33% below its start-of-2017 high, after falling 33% in 2017. It was worth less than the $1,000 put in at the start of 2019, and has been above it since the start of 2020. Its best January was 2025, at $22,763. Today it's 48% below that, so selling then would have beaten holding. It rose in 5 of the 8 full years since. It moved ahead of the same $1,000 in the S&P 500 at the start of 2024 and has stayed ahead since. Month by month, the deepest fall ran from Feb 2021 ($5,724) to Dec 2022 ($1,080), a drop of 81%. At its lowest month-end, in Mar 2020, it was worth $900.83.

When	Worth	Change	S&P 500
Start of 2018	$1,000	—	$1,000
Start of 2019	$976	−2.4%	$956
Start of 2020	$1,095	+12%	$1,257
Start of 2021	$3,226	+195%	$1,489
Start of 2022	$4,236	+31%	$1,916
Start of 2023	$1,100	−74%	$1,569
Start of 2024	$5,198	+372%	$1,981
Start of 2025	$22,763	+338%	$2,477
Start of 2026	$11,924	−48%	$2,920
Today	$11,735	−1.6%	$3,300

Values at the start of each year (first trading day for stocks). The S&P 500 column includes reinvested dividends, like the stock values.

Historical Context

At the start of 2018, MicroStrategy was priced at $13.18 (adjusted for later splits and dividends). $1,000 would have bought about 75.87 shares. MicroStrategy (now called Strategy) is a software company that holds a large amount of bitcoin.

Measured from one January to the next, MicroStrategy's best year since then was 2023 (+372%) and its worst was 2022 (−74%). Holding on wasn't easy: between the start of 2022 and the start of 2023, the position fell 74% from its high.

Frequently Asked Questions

A $1,000 investment in MicroStrategy at the start of 2018 would be worth approximately $11,735.20 today — a 11.7x return ($10,735.20 profit) over 8.7 years.

Methodology & Sources

Price data: Historical prices are the closing price on the first trading day of each year, adjusted for splits and dividends (so returns assume dividends were reinvested), from Yahoo Finance and MacroTrends. Current prices come from Yahoo Finance and refresh hourly; if that source is unavailable, the last saved price is used.

Calculation: Assumes a single purchase at the start of 2018 (or the first trading day, for companies that listed that year), held until today. No transaction fees, taxes, or slippage are included.

Benchmarks: The S&P 500 comparison uses the S&P 500 Total Return index (dividends reinvested, like an index fund) at the start of2018 and today. Gold uses the price per troy ounce. Savings account assumes a 2% APY compounded annually.

Inflation adjustment: Uses U.S. CPI-U annual averages from the Bureau of Labor Statistics. The 2026 CPI value is estimated.

Educational purposes only. Past performance does not guarantee future results. Not financial advice.