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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
$68,144
MSTR BTC Holdings
Bitcoins held on balance sheet
₿714,644
MSTR mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
1.21x
MSTR Stock Price
Latest stock price (in USD)
$133.88
MSTR % from 52W High
Current price gap from 52-week high
-71%
MSTR Enterprise Value
MCap + Debt + Pref - Cash
$58.9B
MSTR Market Cap
Equity market value
$44.6B
MSTR BTC NAV
Current value of BTC = holdings × BTC price
$48.7B
MSTR MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
92%
MSTR BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
3.403%
MSTR mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
0.92x
MSTR 1W Return
Feb 6, 2026 ($134.93) → Feb 16, 2026 ($133.88)
-0.78%
MSTR 1M Return
Jan 12, 2026 ($162.23) → Feb 16, 2026 ($133.88)
-17.48%
MSTR 3M Return
Nov 12, 2025 ($224.61) → Feb 16, 2026 ($133.88)
-40.39%
MSTR YTD Return
Dec 31, 2025 ($151.95) → Feb 16, 2026 ($133.88)
-11.89%
MSTR 1Y Return
Feb 13, 2025 ($324.92) → Feb 16, 2026 ($133.88)
-58.80%
MSTR 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-29.36 p.p.
MSTR 52W High
Highest price in the last 52 weeks (in USD)
$457.22
MSTR Basic Shares
Estimated basic shares outstanding
333,047,715
MSTR Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
MSTR Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$3.29B
MSTR Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$3.59B
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
113.8%
MSTR Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
79.8%
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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Strategy Bitcoin Purchases

About Strategy's Bitcoin Treasury Strategy

Strategy (MSTR) ranks #1 globally among Bitcoin treasury companies, with 714,644 Bitcoin in its corporate treasury worth approximately $48.70B at current prices. This represents 3.403% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $133.88 per share with a market capitalization of $44.59B, Strategy's stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 1.21x. Bitcoin holdings represent 109% of the company's market cap, underscoring Bitcoin's central role in Strategy's balance sheet strategy.

The most recent purchase was 1,142 BTC on February 9, 2026.

Recent stock performance shows -0.78% over the past week, -17.48% over the past month, -11.89% year-to-date, and -58.80% over the past year. Strategy currently trades -70.72% from its 52-week high. The stock averages $3.59B in daily trading volume over the past 30 days, with 30-day volatility at 113.8%.

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

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

Other Companies in US

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

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

Bitcoin Exposure & Holdings

Strategy/MicroStrategy (MSTR) currently holds 714,644 Bitcoin in its corporate treasury. This represents 3.403% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $68,014.00, Strategy/MicroStrategy's Bitcoin holdings are worth approximately $48.61 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 +2063020.96% 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 651.08 BTC per day, representing +60.09% growth in Bitcoin holdings since then.

Valuation Metrics & Market Capitalization

Strategy/MicroStrategy (MSTR) stock price currently trades at $133.88 per share.

With a market capitalization of $44.48 billion, Strategy/MicroStrategy ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, Strategy/MicroStrategy's mNAV is 1.21x, meaning the market values the company's total capital structure at 1.21x times its underlying Bitcoin holdings.

On a Market Cap basis, Strategy/MicroStrategy's mNAV is 0.92x relative to Bitcoin NAV.

Bitcoin holdings represent 109.3% 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 $58.94 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 0.17x.

The BTC Rating for Strategy/MicroStrategy is 5.92x (Bitcoin NAV ÷ Total Debt), indicating 5.92x 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 $8.38 billion.

Strategy/MicroStrategy reported total revenue of $477.23 million.

Trading Volume & Risk Metrics

In the most recent trading session, MSTR recorded $3.29 billion in dollar volume.

Over the past 30 days, MSTR has averaged $3.59 billion in daily trading volume.

Strategy/MicroStrategy's 30-day historical volatility is 113.8%.

Over the past calendar year, MSTR's historical volatility is 79.8%.

Strategy/MicroStrategy's beta is 3.54x.

Short interest for MSTR represents 12.0% of tradable shares.

Strategy/MicroStrategy's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 90.5%, measuring how closely the stock tracks spot Bitcoin exposure.

MSTR currently trades -70.72% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for MSTR is 87.9%.

Total open interest for MSTR options is $34.78 billion. Put open interest totals $16.61 billion and call open interest totals $18.17 billion.

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

Weighted by open interest, the average duration for MSTR options is 154.5 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 February 9, 2026, acquiring 1,142 Bitcoin.

Previous purchases by Strategy/MicroStrategy include: 855 BTC on February 2, 2026, 2,932 BTC on January 26, 2026, 22,305 BTC on January 20, 2026, 13,627 BTC on January 12, 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: 02/17/2026, 7:18 AM ET

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