--- title: "策略股票能否跑赢市场？" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/278272603.md" description: "Strategy 股票在过去十年中飙升了 700%，显著超过了标准普尔 500 指数的 311% 回报。投资者必须对比特币和管理层的风险管理能力持乐观态度，因为该股票波动性很大。Strategy 计划筹集 420 亿美元的股权和固定收益，以继续积累比特币，目前其持有的比特币价值 500 亿美元。尽管存在高回报的潜力，但投资者应准备好应对极端的价格波动。《傻瓜投资指南》的股票顾问已识别出 10 个比 Strategy 更好的投资选择" datetime: "2026-03-08T23:40:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278272603.md) - [en](https://longbridge.com/en/news/278272603.md) - [zh-HK](https://longbridge.com/zh-HK/news/278272603.md) --- # 策略股票能否跑赢市场？ ## Key Points - In the past decade, Strategy shares have climbed 700%, crushing the S&P 500. - Investors who buy this stock must be bullish on Bitcoin, as well as management’s ability to operate with proper risk management. - The upside and downside are amplified, so investors have to handle volatility. - 10 stocks we like better than Strategy › Over the past 10 years, the **S&P 500** index has generated a total return of 311% (as of March 3). Despite the stock market's above-average performance, certain investors just want bigger gains. **Strategy** did the job. In the past 10 years, the company co-founded by billionaire Executive Chairman Michael Saylor has seen its share price skyrocket 700%, despite falling 72% from its peak. _**Will AI create the world's first trillionaire?** Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »_ Can this cryptocurrency stock beat the market in the long run? ![Charts and data on paper and a laptop.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg1ODQyMy9jaGFydHMtb24tcGFwZXItYW5kLWxhcHRvcC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Getty Images. ## The upside is massive Ever since Strategy completely altered its business objective to become a **Bitcoin** (CRYPTO: BTC) treasury company in 2020, it has done a great job of rewarding shareholders, as it now owns $50 billion worth of the crypto. But investors can't buy this stock without being bullish on Bitcoin. At a high level, this company raises capital via equity and debt offerings to buy the top digital asset. As part of the 42/42 plan, Strategy's goal is to raise $42 billion of equity and $42 billion of fixed income. This gives it the firepower to keep accumulating Bitcoin on its balance sheet. Strategy essentially accesses capital at attractive terms. And it hopes to capture much larger returns from Bitcoin. By giving investors a way to make a levered bet on the price of Bitcoin, Strategy possesses what I believe to be massive long-term upside. There's no denying that this stock can outperform the S&P 500. It obviously depends on Bitcoin's price continuing to appreciate over the next 10 years. Robust capital markets must also be there to provide the critical financing mechanism to keep the flywheel going. And the management team, including Saylor and CEO Phong Le, have to continue operating with proper discipline and risk management to ensure survival, particularly during down markets. ## Extreme volatility In order to achieve what could be fantastic returns, investors need to deal with the volatility, which can be extreme. That's the psychological price you must be willing to pay. Since it reached a peak in October 2025, Bitcoin's price is down 46%. During that same stretch, Strategy shares have tanked 62%. The S&P 500 index is up 1%. But Strategy gains more on the upside. In 2024, its stock soared 358%, significantly outperforming Bitcoin's 119% rise. One thing is certain: Investors shouldn't even consider adding Strategy to their portfolios if they can't stomach the inevitable ups and downs. Buying and selling at the wrong times can lead to losses. But if you're able to buy now and hold for the long term, you're positioned to beat the market. ## Should you buy stock in Strategy right now? Before you buy stock in Strategy, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Strategy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $534,008**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,090,073**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 949% — a market-crushing outperformance compared to 190% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of March 8, 2026._ _Neil Patel has positions in Strategy. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### 相关股票 - [MSTR.US](https://longbridge.com/zh-CN/quote/MSTR.US.md) - [COIN.US](https://longbridge.com/zh-CN/quote/COIN.US.md) - [MARA.US](https://longbridge.com/zh-CN/quote/MARA.US.md) - [ABTC.US](https://longbridge.com/zh-CN/quote/ABTC.US.md) - [HUT.US](https://longbridge.com/zh-CN/quote/HUT.US.md) - [GBTC.US](https://longbridge.com/zh-CN/quote/GBTC.US.md) - [RIOT.US](https://longbridge.com/zh-CN/quote/RIOT.US.md) - [BTC.US](https://longbridge.com/zh-CN/quote/BTC.US.md) - [GLXY.US](https://longbridge.com/zh-CN/quote/GLXY.US.md) - [FBTC.US](https://longbridge.com/zh-CN/quote/FBTC.US.md) - [MSTW.US](https://longbridge.com/zh-CN/quote/MSTW.US.md) - [BTF.US](https://longbridge.com/zh-CN/quote/BTF.US.md) - [BITO.US](https://longbridge.com/zh-CN/quote/BITO.US.md) - [CONY.US](https://longbridge.com/zh-CN/quote/CONY.US.md) - [LMBO.US](https://longbridge.com/zh-CN/quote/LMBO.US.md) - [ARKB.US](https://longbridge.com/zh-CN/quote/ARKB.US.md) - [BRRR.US](https://longbridge.com/zh-CN/quote/BRRR.US.md) - [COIW.US](https://longbridge.com/zh-CN/quote/COIW.US.md) - [BLOK.US](https://longbridge.com/zh-CN/quote/BLOK.US.md) - [BTCW.US](https://longbridge.com/zh-CN/quote/BTCW.US.md) - [BTCO.US](https://longbridge.com/zh-CN/quote/BTCO.US.md) - [MSTP.US](https://longbridge.com/zh-CN/quote/MSTP.US.md) - [MSOO.US](https://longbridge.com/zh-CN/quote/MSOO.US.md) - [CONL.US](https://longbridge.com/zh-CN/quote/CONL.US.md) - [BITB.US](https://longbridge.com/zh-CN/quote/BITB.US.md) - [COIG.US](https://longbridge.com/zh-CN/quote/COIG.US.md) - [IBIT.US](https://longbridge.com/zh-CN/quote/IBIT.US.md) - [EZBC.US](https://longbridge.com/zh-CN/quote/EZBC.US.md) - [HODL.US](https://longbridge.com/zh-CN/quote/HODL.US.md) - [RIOX.US](https://longbridge.com/zh-CN/quote/RIOX.US.md) - [BCOR.US](https://longbridge.com/zh-CN/quote/BCOR.US.md) - [MSTX.US](https://longbridge.com/zh-CN/quote/MSTX.US.md) - [BTCHKD.VAHK](https://longbridge.com/zh-CN/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/zh-CN/quote/BTCUSD.VAHK.md) ## 相关资讯与研究 - [高盛申请比特币备兑期权 ETF，华尔街加速驯化加密资产](https://longbridge.com/zh-CN/news/282936404.md) - [高盛首申比特币溢价收益 ETF 从持币大户迈向主动管理加密策略新阶段](https://longbridge.com/zh-CN/news/282763509.md) - [博雅互动拟耗资 74.9 万美元收购 10 枚比特币](https://longbridge.com/zh-CN/news/283018074.md) - [比特币回暖支撑估值修复，加密货币交易所 Kraken 趁势重启赴美上市](https://longbridge.com/zh-CN/news/282765489.md) - [Kraken 已提交保密上市申請](https://longbridge.com/zh-CN/news/282755080.md)