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Strategy (MSTR) Bitcoin Treasury Dashboard

Track MSTR BTC holdings, mNAV, volume, volatility, price, and treasury analytics.

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Strategy (MSTR)
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BTC Price
Current price of Bitcoin
$81,920
MSTR BTC Holdings
Bitcoins held on balance sheet
₿843,738
MSTR mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
1.09x
MSTR Stock Price
Latest stock price (in USD)
$166.63
MSTR % from 52W High
Current price gap from 52-week high
-64%
MSTR Enterprise Value
MCap + Debt + Pref - Cash
$75.6B
MSTR Market Cap
Equity market value
$58.3B
MSTR BTC NAV
Current value of BTC = holdings × BTC price
$69.1B
MSTR MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
84%
MSTR BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
4.018%
MSTR mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
0.84x
MSTR 1W Return
May 11, 2026 ($195.94) → May 18, 2026 ($166.63)
-14.96%
MSTR 1M Return
Apr 17, 2026 ($166.52) → May 18, 2026 ($166.63)
+0.07%
MSTR 3M Return
Feb 17, 2026 ($128.67) → May 18, 2026 ($166.63)
+29.50%
MSTR YTD Return
Dec 31, 2025 ($151.95) → May 18, 2026 ($166.63)
+9.66%
MSTR 1Y Return
May 16, 2025 ($399.80) → May 18, 2026 ($166.63)
-58.32%
MSTR 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-37.10 p.p.
MSTR 52W High
Highest price in the last 52 weeks (in USD)
$457.22
MSTR Basic Shares
Estimated basic shares outstanding
348,931,925
MSTR Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
MSTR Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$3.18B
MSTR Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$3.05B
MSTR Debt
Total outstanding debt (Latest reported Yahoo Finance value)
$8.2B
MSTR Debt/BTC NAV
Debt as a % of BTC NAV
—
MSTR BTC Rating
BTC NAV ÷ Total Debt
—
MSTR Cash
Total cash and cash equivalents
$2.25B
MSTR Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
72.2%
MSTR Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
69.0%
MSTR Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
MSTR Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
MSTR Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
MSTR Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
MSTR Put to Call
Ratio of put open interest to call open interest (put OI ÷ call OI). < 1.0 = more calls (bullish), > 1.0 = more puts (bearish)
—
MSTR Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
MSTR Short Interest (% Float)
% of tradable shares sold short
—
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View Strategy Preferred Equity Dashboard (STRC, STRD, STRF, STRK)

Strategy Bitcoin Purchases

About Strategy's Bitcoin Treasury Strategy

Strategy (MSTR) ranks #1 globally among Bitcoin treasury companies, with 843,738 Bitcoin in its corporate treasury worth approximately $69.12B at current prices. This represents 4.018% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $166.63 per share with a market capitalization of $58.30B, Strategy's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 1.09x. Bitcoin holdings represent 119% of the company's market cap, underscoring Bitcoin's central role in Strategy's balance sheet strategy.

The most recent purchase was 535 BTC on May 11, 2026.

Recent stock performance shows -14.96% over the past week, +0.07% over the past month, +9.66% year-to-date, and -58.32% over the past year. Strategy currently trades -63.56% from its 52-week high. The stock averages $3.05B in daily trading volume over the past 30 days, with 30-day volatility at 72.2%.

Strategy's Bitcoin treasury strategy is led by Andrew Kang (CFO), Chaitanya Jain (Bitcoin Strategy), Michael Saylor (Chairman), Phong Le (CEO), and Shirish Jajodia (Corporate Treasurer).

Related Bitcoin Treasury Companies

Top Bitcoin Treasury Companies

Twenty One Capital (XXI) (XXI)Metaplanet (3350.T)MARA Holdings (MARA)Bitcoin Standard Treasury Company (CEPO)Bullish (BLSH)Riot Platforms (RIOT)Coinbase Global (COIN)Strive (ASST)Hut 8 Mining Corp (HUT)CleanSpark (CLSK)

Other Companies in US

Twenty One Capital (XXI) (XXI)MARA Holdings (MARA)Bitcoin Standard Treasury Company (CEPO)Bullish (BLSH)Riot Platforms (RIOT)Coinbase Global (COIN)Strive (ASST)Hut 8 Mining Corp (HUT)

Companies with Similar Bitcoin Holdings

No companies with similar holdings found

Bitcoin Preferred Equity

Preferred Equity Dashboard (STRC, STRD, STRF, STRK, SATA)

Strategy/MicroStrategy (MSTR) Bitcoin Treasury Detailed Analysis

Track Strategy/MicroStrategy (MSTR) Bitcoin purchases, mNAV, stock price, market cap, volatility, volume and treasury holdings.

Bitcoin Exposure & Holdings

Strategy/MicroStrategy (MSTR) currently holds 843,738 Bitcoin in its corporate treasury. This represents 4.018% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $81,920.00, Strategy/MicroStrategy's Bitcoin holdings are worth approximately $69.12 billion, which represents the company's Bitcoin NAV (Net Asset Value).

Strategy/MicroStrategy's total cost basis for its Bitcoin holdings is $2.36 million, putting the company at a +2933724.80% unrealized gain on its Bitcoin position.

Strategy/MicroStrategy held 446,400 Bitcoin on January 1st, 2024. Since then, Strategy/MicroStrategy has been acquiring an average of 789.94 BTC per day, representing +89.01% growth in Bitcoin holdings since then.

Valuation Metrics & Market Capitalization

Strategy/MicroStrategy (MSTR) stock price currently trades at $166.63 per share.

With a market capitalization of $58.43 billion, Strategy/MicroStrategy ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, Strategy/MicroStrategy's mNAV is 1.09x, meaning the market values the company's total capital structure at 1.09x times its underlying Bitcoin holdings.

On a Market Cap basis, Strategy/MicroStrategy's mNAV is 0.84x relative to Bitcoin NAV.

Bitcoin holdings represent 118.3% of Strategy/MicroStrategy's total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

Strategy/MicroStrategy's Enterprise Value is $75.62 billion, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

Strategy/MicroStrategy has total outstanding debt of $8.21 billion, representing a debt-to-Bitcoin NAV ratio of 0.12x.

The BTC Rating for Strategy/MicroStrategy is 8.41x (Bitcoin NAV ÷ Total Debt), indicating 8.41x coverage of total debt by Bitcoin holdings.

In cash and cash equivalents, Strategy/MicroStrategy holds $2.25 billion.

Strategy/MicroStrategy has preferred stock with a total notional value of $11.36 billion.

Strategy/MicroStrategy reported total revenue of $490.47 million and operating cash flow of $-50,863,000.00.

Trading Volume & Risk Metrics

In the most recent trading session, MSTR recorded $3.18 billion in dollar volume.

Over the past 30 days, MSTR has averaged $3.05 billion in daily trading volume.

Strategy/MicroStrategy's 30-day historical volatility is 72.2%.

Over the past calendar year, MSTR's historical volatility is 69.0%.

Strategy/MicroStrategy's beta is 3.60x.

Short interest for MSTR represents 12.3% of tradable shares.

Strategy/MicroStrategy's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 87.5%, measuring how closely the stock tracks spot Bitcoin exposure.

MSTR currently trades -63.56% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for MSTR is 72.1%.

Total open interest for MSTR options is $40.21 billion. Put open interest totals $19.19 billion and call open interest totals $21.03 billion.

The put-to-call ratio for Strategy/MicroStrategy is 0.91x.

Weighted by open interest, the average duration for MSTR options is 160.1 days to expiration.

Bitcoin Strategy Leadership

Strategy/MicroStrategy's Bitcoin treasury strategy is led by Andrew Kang (CFO), Chaitanya Jain (Bitcoin Strategy), Michael Saylor (Chairman), Phong Le (CEO), and Shirish Jajodia (Corporate Treasurer).

Recent Bitcoin Purchases

The most recent Bitcoin purchase by Strategy/MicroStrategy was on May 11, 2026, acquiring 535 Bitcoin.

Previous purchases by Strategy/MicroStrategy include: 34,164 BTC on April 20, 2026, 13,927 BTC on April 13, 2026, 4,871 BTC on April 6, 2026, 1,031 BTC on March 23, 2026.

Strategy/MicroStrategy Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive Strategy/MicroStrategy Bitcoin treasury chart above provides a comprehensive visualization of the company's Bitcoin treasury performance over time, allowing investors to track BTC holdings, acquisition rates, and valuation metrics.

All of the data on this page — including Strategy/MicroStrategy's Bitcoin NAV, mNAV, BTC Rating, cost basis, and options activity — is calculated in real time and updated continuously on BitcoinQuant. By analyzing these treasury metrics alongside historical acquisition data and market performance, investors can gain insights into Strategy/MicroStrategy's Bitcoin accumulation strategy and compare it against other Bitcoin treasury companies tracked across the BitcoinQuant platform.

BitcoinQuant tracks the full universe of public companies holding Bitcoin, providing real-time analytics on holdings, valuations, financial health, trading activity, and risk metrics across every Bitcoin treasury stock in the market.

Data as of: 05/11/2026, 2:05 PM ET

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