Microstrategy, Inc.

🇺🇸United States
MSTR
Holding bitcoin since Aug 11, 2020
@StrategyStrategy.com

BTC Holdings

597325

Total P&L
+54.64%

Total profit/loss on Bitcoin holdings

Average Cost per BTC
$70982

Average price paid for each Bitcoin

Share Price
$403.7

Current trading price per share

Market Cap
$112,373.7M

Total market capitalization

Enterprise Value
$119,956.4M

Market cap plus debt minus cash

NAV Multiple
1.714

Net Asset Value multiplier

BTC / Market Cap
58.34%

Bitcoin holdings as % of market cap

About Microstrategy, Inc.

MicroStrategy, Inc., based in the United States and listed under the ticker MSTR, stands as a prominent public company with a robust presence in the technology and business intelligence sector. Headquartered in Virginia, the company focuses on delivering innovative software solutions that empower organizations to harness data for strategic decision-making. Its core business model revolves around providing enterprise analytics, mobility, and cloud-based platforms that enable businesses to transform raw data into actionable insights. With a strong emphasis on scalability and user accessibility, MicroStrategy serves a diverse clientele spanning various industries, including finance, retail, healthcare, and government. The company’s software offerings are designed to integrate seamlessly with existing systems, offering customizable solutions that cater to the unique needs of enterprises seeking to optimize operations and drive growth. Beyond its technological expertise, MicroStrategy has built a reputation for adapting to evolving market demands, positioning itself as a trusted partner for organizations navigating the complexities of digital transformation. This adaptability extends to its forward-thinking approach in corporate finance and asset management, where it has carved a distinctive niche. By blending its traditional software business with innovative financial strategies, MicroStrategy exemplifies a hybrid model that bridges conventional enterprise solutions with cutting-edge economic perspectives, appealing to stakeholders who value both technological innovation and financial ingenuity.

A defining aspect of MicroStrategy’s corporate strategy is its pioneering role in adopting Bitcoin as a treasury reserve asset, a move that underscores its commitment to embracing digital currencies as a hedge against traditional financial risks. The company views Bitcoin as a store of value and a means to diversify its balance sheet, reflecting a belief in the long-term potential of decentralized finance. This strategic allocation of resources into Bitcoin demonstrates MicroStrategy’s intent to protect its capital from inflationary pressures while aligning with the broader trend of institutional adoption of cryptocurrencies. By integrating digital assets into its treasury management, the company not only safeguards its financial position but also positions itself as a thought leader in the intersection of corporate finance and blockchain technology. This approach has garnered attention from other corporations considering similar strategies, as MicroStrategy actively advocates for the benefits of Bitcoin as a corporate treasury tool. Its leadership frequently engages with the financial community to share insights on the practicalities and philosophies behind such a bold asset allocation, further solidifying its influence in shaping how businesses perceive and utilize digital currencies. Through this innovative treasury strategy, MicroStrategy bridges the gap between traditional financial systems and the emerging digital economy, contributing to the normalization of Bitcoin in mainstream corporate environments.

Within the technology and financial sectors, MicroStrategy holds a unique position as both a software solutions provider and a trailblazer in Bitcoin treasury adoption. Its dual focus allows it to straddle two dynamic industries, leveraging its expertise in data analytics to inform its financial strategies while inspiring confidence in digital asset integration. The company’s influence extends beyond its immediate client base, as it plays a pivotal role in driving conversations around the future of corporate treasuries in the United States and globally. By championing Bitcoin as a viable reserve asset, MicroStrategy challenges conventional financial wisdom and encourages a reevaluation of risk management practices among public companies. Its strategic significance lies in its ability to act as a catalyst for broader institutional acceptance of cryptocurrencies, fostering dialogue on how digital assets can coexist with traditional investments. Furthermore, the company’s visibility as a publicly traded entity amplifies its impact, serving as a case study for other firms exploring innovative approaches to capital preservation. MicroStrategy’s commitment to blending technological prowess with financial innovation positions it as a leader in redefining corporate strategy, making it a noteworthy player in both the software industry and the evolving landscape of digital finance. Its efforts continue to shape perceptions of how businesses can adapt to a rapidly changing economic paradigm, solidifying its reputation as a visionary in corporate treasury management.

Recent Developments

  • Jun 30, 2025: Bitcoin holdings increased by 4980.00 BTC to 597325 BTC with cost basis of $42.4B (BTC @ $108.4K)
  • Jun 22, 2025: Bitcoin holdings increased by 245.00 BTC to 592345 BTC with cost basis of $41.9B (BTC @ $102.2K)
  • Jun 16, 2025: Bitcoin holdings increased by 10100.00 BTC to 592100 BTC with cost basis of $41.8B (BTC @ $105.6K)
  • Jun 8, 2025: Bitcoin holdings increased by 1045.00 BTC to 582000 BTC with cost basis of $40.8B (BTC @ $105.6K)
  • Jun 1, 2025: Bitcoin holdings increased by 705.00 BTC to 580955 BTC with cost basis of $40.7B (BTC @ $104.6K)
Microstrategy, Inc. — Bitcoin Holdings Over Time
August 11, 2020 - Present
Loading holdings data...
Microstrategy, Inc. — Stock vs BTC Dynamics
August 11, 2020 - Present
Loading stock data...
Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Jun 30, 2025
597325
4980
$42399405925$108390
Jun 22, 2025
592345
245
$41867536945$102163
Jun 16, 2025
592100
10100
$41840000000$105600
Jun 8, 2025
582000
1045
$40790052000$105619
Jun 1, 2025
580955
705
$40680211965$104646
May 25, 2025
580250
4020
$40605314750$107794
May 19, 2025
576230
7390
$40178212980$106502
May 11, 2025
568840
13390
$39413217080$104818
May 2, 2025
555450
1895
$38076097500$96525
Apr 27, 2025
553555
15355
$37890000000$94668
Apr 20, 2025
538200
6556
$36470000000$85075
Apr 13, 2025
531644
3459
$35630386348$85276
Mar 31, 2025
528185
22048
$35630303730$82381
Mar 24, 2025
506137
6911
$33735635290$87369
Mar 17, 2025
499226
130
$33151635290$83559
Feb 24, 2025
499096
20356
$33151552399$95134
Feb 10, 2025
478740
7633
$31166557415$97230
Jan 27, 2025
471107
10107
$30424210000$100419
Jan 21, 2025
461000
11000
$29324210000$103823
Jan 13, 2025
450000
2530
$28210950000$93018
Jan 6, 2025
447470
1070
$27970000000$100173
Dec 30, 2024
446400
2138
$27900000000$93337
Dec 23, 2024
444262
5262
$27700000000$94723
Dec 15, 2024
439000
15350
$27097240330$102501
Dec 8, 2024
423650
21550
$25556315230$99850
Dec 2, 2024
402100
15400
$23427541580$96084
Nov 24, 2024
386700
55500
$21949511180$97441
Nov 17, 2024
331200
51780
$16518170180$90322
Nov 11, 2024
279420
27200
$11929064120$83102
Sep 20, 2024
252220
7420
$9903670520$63232
Sep 13, 2024
244800
18300
$9450000000$58732
Aug 1, 2024
226500
169
$8300000000$64168
Jun 20, 2024
226331
11931
$8330000000$65303
Apr 29, 2024
214400
122
$7542592000$62792
Mar 31, 2024
214278
32
$7535000000$70525
Mar 19, 2024
214246
9246
$7533000000$64393
Mar 10, 2024
205000
12000
$6910000000$69421
Feb 26, 2024
193000
3000
$6087992000$52328
Feb 6, 2024
190000
850
$5930000000$42946
Dec 26, 2023
189150
14620
$5895000000$42757
Nov 29, 2023
174530
16130
$5280000000$37969
Oct 31, 2023
158400
155
$4686422400$34413
Sep 24, 2023
158245
5445
$4681203590$26574
Jul 31, 2023
152800
467
$4530000000$29278
Jun 28, 2023
152333
12333
$4520000000$30694
Apr 6, 2023
140000
1045
$4170000000$28197
Mar 23, 2023
138955
6455
$4140000000$27449
Dec 27, 2022
132500
2500
$4027052651$16900
Sep 20, 2022
130000
301
$3982375151$19570
Jun 29, 2022
129699
481
$3976400000$20283
Apr 4, 2022
129218
4167
$3966400000$46435
Jan 31, 2022
125051
660
$3775900000$37983
Dec 30, 2021
124391
1914
$3750900000$46507
Dec 9, 2021
122477
1434
$3656700000$50530
Nov 29, 2021
121043
7002
$3574300000$57238
Sep 12, 2021
114041
5050
$3159900000$45196
Aug 23, 2021
108991
3907
$2917000000$49251
Jun 21, 2021
105084
13005
$2740000000$35787
May 18, 2021
92079
229
$2251000000$43781
May 13, 2021
91850
271
$2241000000$50005
Apr 5, 2021
91579
253
$2226000000$58229
Mar 12, 2021
91326
262
$2211000000$57789
Mar 5, 2021
91064
205
$2196000000$48727
Mar 1, 2021
90859
328
$2186000000$44970
Feb 24, 2021
90531
19452
$2171000000$48692
Feb 2, 2021
71079
295
$1145000000$33406
Jan 22, 2021
70784
314
$1135000000$30914
Dec 21, 2020
70470
29646
$1125000000$23518
Dec 5, 2020
40824
2574
$475000000$18711
Sep 14, 2020
38250
16796
$425000000$10329
Aug 11, 2020
21454
21454
$250000000$11863