Veteran analyst and The Big Bitcoin Book author Fred Krueger is bullish on MicroStrategy

Veteran analyst and The Big Bitcoin Book author Fred Krueger is bullish on MicroStrategy (Nasdaq: MSTR) and thinks its Bitcoin-heavy balance sheet will be stronger than that of Apple (Nasdaq: AAPL) within 18 months.

MicroStrategy, rebranded to Strategy, reported its Q1 2025 financial results on May 1. The firm's total revenue fell 3.6% year-over-year (YoY) to $111.1 million during the last quarter.

However, the firm's year-to-date (YTD) Bitcoin gain reached $5.8 billion, and the YTD BTC yield stood at 13.7% during the quarter.

Founder and executive chairman Michael Saylor also posted about the stock's performance on X ahead of the results. He said the MSTR stock has surged more than 3,000% since adopting the Bitcoin standard.

The Bitcoin Standard Era (BSE) return is a conceptual metric introduced by Strategy that calculates the appreciation in the stock's value since the firm adopted Bitcoin as its primary treasury reserve asset on Aug. 10, 2020.

Compared to MSTR's massive 3,142% return, Nvidia's (Nasdaq: NVDA) 916%, Tesla's (Nasdaq: TSLA) 205%, Meta's (Nasdaq: META) 121%, Alphabet's (Nasdaq: GOOGL) 118%, Microsoft's (Nasdaq: MSFT) 107%, and Apple's (Nasdaq: AAPL) 89% returns seem dwarfed.

MicroStrategy holds 553,555 BTC acquired for $37.9 billion, which is now worth $53.6 billion. The firm is eager to acquire even more BTC as it has announced a new $21 billion at-the-market (ATM) stock offering for the purpose.

Krueger, however, said buying MSTR stock is "ultimately a very fiat move" and "real Bitcoiners own Bitcoin." But Bitcoin offered only 715% BSE return in comparison to MSTR's astonishingly high return.

The MSTR stock was exchanging hands at $391.28 in pre-market hours on Tuesday.

As per Kraken's price feed, Bitcoin was trading at $96,855.45 at press time.