According to Charlie Bilello on X on Nov 14, 2025, 1-year returns were Bitcoin (BTC) +10%, MicroStrategy (MSTR) -39%, and the 2x Long MicroStrategy ETF (MSTU) -87% (source: Charlie Bilello on X, Nov 14, 2025). According to Charlie Bilello's figures on X on Nov 14, 2025, direct BTC exposure outperformed equity proxy MSTR and leveraged single-stock ETF MSTU over the same period, underscoring that equity proxies and leveraged products can deliver materially different outcomes than BTC itself (source: Charlie Bilello on X, Nov 14, 2025). Based on the returns cited by Charlie Bilello on X on Nov 14, 2025, traders seeking BTC beta via MSTR or MSTU should account for potential underperformance and amplified drawdowns versus BTC, prioritize position sizing and risk controls, and avoid assuming one-to-one BTC tracking (source: Charlie Bilello on X, Nov 14, 2025).