Posted 4/16/2024, 1:12:23 PM
Miller Value Fund Soars 11.7% in Q1, Fueled by MicroStrategy Bitcoin Bet
- Miller Value Partners' Income Strategy returned 11.69% in Q1 2024, outperforming its benchmark index
- The fund's top contributor was MicroStrategy Inc (MSTR), which gained over 300% in the last year
- MicroStrategy owns over 214,000 bitcoins, and bitcoin rose nearly 70% during the quarter
- As of Q4 2023, 16 hedge funds held positions in MicroStrategy
- Another article shared ClearBridge's perspective on MicroStrategy
