--- title: "策略股票能否跑贏市場？" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/278272603.md" description: "Strategy 股票在過去十年中飆升了 700%，顯著超過了標準普爾 500 指數的 311% 回報。投資者必須對比特幣和管理層的風險管理能力持樂觀態度，因為該股票波動性很大。Strategy 計劃籌集 420 億美元的股權和固定收益，以繼續積累比特幣，目前其持有的比特幣價值 500 億美元。儘管存在高回報的潛力，但投資者應準備好應對極端的價格波動。《傻瓜投資指南》的股票顧問已識別出 10 個比 Strategy 更好的投資選擇" 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) --- # 策略股票能否跑贏市場？ ## 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. ### 相關股票 - [MSTR.US](https://longbridge.com/zh-HK/quote/MSTR.US.md) - [COIN.US](https://longbridge.com/zh-HK/quote/COIN.US.md) - [MARA.US](https://longbridge.com/zh-HK/quote/MARA.US.md) - [ABTC.US](https://longbridge.com/zh-HK/quote/ABTC.US.md) - [HUT.US](https://longbridge.com/zh-HK/quote/HUT.US.md) - [GBTC.US](https://longbridge.com/zh-HK/quote/GBTC.US.md) - [RIOT.US](https://longbridge.com/zh-HK/quote/RIOT.US.md) - [BTC.US](https://longbridge.com/zh-HK/quote/BTC.US.md) - [GLXY.US](https://longbridge.com/zh-HK/quote/GLXY.US.md) - [FBTC.US](https://longbridge.com/zh-HK/quote/FBTC.US.md) - [MSTW.US](https://longbridge.com/zh-HK/quote/MSTW.US.md) - [BTF.US](https://longbridge.com/zh-HK/quote/BTF.US.md) - [BITO.US](https://longbridge.com/zh-HK/quote/BITO.US.md) - [CONY.US](https://longbridge.com/zh-HK/quote/CONY.US.md) - [LMBO.US](https://longbridge.com/zh-HK/quote/LMBO.US.md) - [ARKB.US](https://longbridge.com/zh-HK/quote/ARKB.US.md) - [BRRR.US](https://longbridge.com/zh-HK/quote/BRRR.US.md) - [COIW.US](https://longbridge.com/zh-HK/quote/COIW.US.md) - [BLOK.US](https://longbridge.com/zh-HK/quote/BLOK.US.md) - [BTCW.US](https://longbridge.com/zh-HK/quote/BTCW.US.md) - [BTCO.US](https://longbridge.com/zh-HK/quote/BTCO.US.md) - [MSTP.US](https://longbridge.com/zh-HK/quote/MSTP.US.md) - [MSOO.US](https://longbridge.com/zh-HK/quote/MSOO.US.md) - [CONL.US](https://longbridge.com/zh-HK/quote/CONL.US.md) - [BITB.US](https://longbridge.com/zh-HK/quote/BITB.US.md) - [COIG.US](https://longbridge.com/zh-HK/quote/COIG.US.md) - [IBIT.US](https://longbridge.com/zh-HK/quote/IBIT.US.md) - [EZBC.US](https://longbridge.com/zh-HK/quote/EZBC.US.md) - [HODL.US](https://longbridge.com/zh-HK/quote/HODL.US.md) - [RIOX.US](https://longbridge.com/zh-HK/quote/RIOX.US.md) - [BCOR.US](https://longbridge.com/zh-HK/quote/BCOR.US.md) - [MSTX.US](https://longbridge.com/zh-HK/quote/MSTX.US.md) - [BTCHKD.VAHK](https://longbridge.com/zh-HK/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/zh-HK/quote/BTCUSD.VAHK.md) ## 相關資訊與研究 - [Citrea：Peter Thiel 在比特幣 L2 網路上的關鍵布局](https://longbridge.com/zh-HK/news/282787785.md) - [比特币開發者提出 BIP-361 以對抗未來潛在的量子攻擊風險](https://longbridge.com/zh-HK/news/282794157.md) - [市況回温 加密交易所 Kraken 秘密提交 IPO 申請](https://longbridge.com/zh-HK/news/282796754.md) - [首位擁有加密貨幣持有的美聯儲主席？Kevin Warsh 披露 Solana、dYdX 等至少 20 項加密貨幣投資](https://longbridge.com/zh-HK/news/282790956.md) - [X 上線 Cashtags 支援股票和加密代幣即時價格，並接入 Wealthsimple 試點內部交易](https://longbridge.com/zh-HK/news/282757125.md)