21 BTC

🇺🇸 Bitcoin treasury · MSTR · STRK · STRF · STRD · STRC

Strategy (MSTR): bitcoin holdings, cost, mNAV and debt

The first and largest public company to hold bitcoin as its main treasury asset (since August 2020). It raises money by selling shares, convertible notes and perpetual preferred stock, and buys bitcoin with it.

848,000 BTC4.04% of all 21M · as of 5 Oct 2026

In plain words

Strategy is a US company that keeps most of its money in bitcoin. It owns about 1 of every 25 bitcoins that will ever exist.

  • Bitcoin held: 848,000
  • Worth today: $70.8B
  • Average price paid: $75,441 (now $83,523)
  • 7-day change: +334 BTC

This is not advice to buy the company's shares or bitcoin. Shares of such companies usually move more than bitcoin itself, both up and down.

How much bitcoin, and at what price

Bitcoin held

848,000

as of 5 Oct 2026 · bitcointreasuries.net · check: 848,000 (strategy.com (live dashboard feed), 11 Oct 2026)

Average cost per BTC

$75,441

as of 5 Oct 2026 · strategy.com/purchases

Total cost

$63.97B

bitcointreasuries.net shows $63.97B total cost.

Current value

$70.83B

at BTC $83,523 (Coinbase spot)

Unrealized P/L

+$6.85B

+10.7% · on the bitcoin only; ignores debt, dividends and tax

Every purchase: 122 disclosures

● buy ● sale

0225k450k675k900k202120222023202420252026
Purchase table
DateBTCAvg priceCost, $MTotal BTCFiling
2026-10-05+334$85,83929848,000
2026-09-28+1,665$85,681143847,666
2026-09-21+950$79,67076846,000
2026-08-31+4,603$80,318370845,050
2026-08-10−1,690$64,262-109840,447
2026-08-03−1,638$63,957-105842,138
2026-07-06−2,225$60,773-135843,775
2026-06-30−1,363$59,256-81846,000
2026-06-22+520$67,06835847,363
2026-06-15+1,587$63,024100846,842
2026-06-08+1,550$65,332101845,256
2026-06-01−32$77,135-2843,706
2026-05-18+24,869$80,9852,014843,738
2026-05-11+535$80,34043818,869
2026-04-27+3,273$77,906255818,334
2026-04-20+34,164$74,3952,542815,061
2026-04-13+13,927$71,9021,001780,897
2026-04-06+4,871$67,718330766,970
2026-03-23+1,031$74,32677762,099
2026-03-16+22,337$70,1941,568761,068
2026-03-09+17,994$70,9461,277738,731
2026-03-02+3,015$67,700204720,737
2026-02-23+592$67,28640717,722
2026-02-17+2,486$67,710168717,131
2026-02-09+1,142$78,81590714,644
2026-02-02+855$87,97475713,502
2026-01-26+2,932$90,061264712,647
2026-01-20+22,305$95,2842,125709,715
2026-01-12+13,627$91,5191,247687,410
2026-01-05+1,283$90,391116673,783
2025-12-31+3$88,2100672,500
2025-12-29+1,229$88,568109672,497
2025-12-15+10,645$92,098980671,268
2025-12-08+10,624$90,615963660,624
2025-12-01+130$89,95912650,000
2025-11-17+8,178$102,171836649,870
2025-11-10+487$102,55750641,692
2025-11-03+397$114,77146641,205
2025-10-27+390$111,05343640,808
2025-10-20+168$112,05119640,418
2025-10-13+220$123,56127640,250
2025-09-29+196$113,04822640,031
2025-09-22+850$117,344100639,835
2025-09-15+525$114,56260638,985
2025-09-08+1,955$111,196217638,460
2025-09-02+4,048$110,981449636,505
2025-08-25+3,081$115,829357632,457
2025-08-18+430$119,66651629,376
2025-08-11+155$116,40118628,946
2025-07-29+21,021$117,2562,465628,791
2025-07-21+6,220$118,940740607,770
2025-07-14+4,225$111,827472601,550
2025-06-30+4,980$106,801532597,325
2025-06-23+245$105,85626592,345
2025-06-16+10,100$104,0801,051592,100
2025-06-09+1,045$105,426110582,000
2025-06-02+705$106,49575580,955
2025-05-26+4,020$106,237427580,250
2025-05-19+7,390$103,498765576,230
2025-05-12+13,390$99,8561,337568,840
2025-05-05+1,895$95,167180555,450
2025-04-28+15,355$92,7371,424553,555
2025-04-21+6,556$84,785556538,200
2025-04-14+3,459$82,618286531,644
2025-03-31+22,048$86,9691,918528,185
2025-03-24+6,911$84,529584506,137
2025-03-17+130$82,98111499,226
2025-02-24+20,356$97,5141,985499,096
2025-02-10+7,633$97,255742478,740
2025-01-27+10,107$105,5961,100471,107
2025-01-21+11,000$101,1911,100461,000
2025-01-13+2,530$95,972243450,000
2025-01-06+1,070$94,004101447,470
2024-12-30+2,138$97,837209446,400
2024-12-23+5,262$106,662561444,262
2024-12-16+15,350$100,3861,500439,000
2024-12-09+21,550$98,7832,100423,650
2024-12-02+15,400$95,9761,500402,100
2024-11-25+55,500$97,8625,400386,700
2024-11-18+51,780$88,6274,600331,200
2024-11-11+27,200$74,4632,025279,420
2024-09-20+7,420$61,750458252,220
2024-09-13+18,300$60,4081,110244,800
2024-08-01+169$67,45511226,500
2024-06-20+11,931$65,883786226,331
2024-04-29+155$63,39710214,400
2024-03-19+9,245$67,382623214,245
2024-03-11+12,000$68,477822205,000
2024-02-26+3,000$51,813155193,000
2024-02-06+850$43,72337190,000
2023-12-27+14,620$42,110616189,150
2023-11-30+16,130$36,785593174,530
2023-11-01+155$34,4955158,400
2023-09-25+5,445$27,053147158,245
2023-08-01+467$30,78814152,800
2023-06-28+12,333$28,136347152,333
2023-04-05+1,045$28,01629140,000
2023-03-23+6,455$23,238150138,955
2022-12-28+2,501$17,84745132,500
2022-09-20+301$19,8516129,999
2022-06-29+480$20,81710129,698
2022-04-05+4,167$45,714190129,218
2022-02-01+660$37,86525125,051
2021-12-30+1,914$49,22994124,391
2021-12-09+1,434$57,47782122,477
2021-11-29+7,002$59,187414121,043
2021-09-13+5,050$48,099242114,041
2021-08-24+3,907$45,294177108,991
2021-06-21+13,005$37,617489105,084
2021-05-18+229$43,6631092,079
2021-05-13+271$55,3871591,850
2021-04-05+253$59,3391591,579
2021-03-12+262$57,1461591,326
2021-03-05+205$48,8881091,064
2021-03-01+328$45,7101590,859
2021-02-19+19,452$52,7651,02390,531
2021-02-02+295$33,8101071,079
2021-01-22+314$31,8081070,784
2020-12-21+29,646$21,92565070,470
2020-12-04+2,574$19,4275040,824
2020-09-14+16,796$10,41917538,250
2020-08-10+21,454$11,65225021,454

Strategy's own ledger, snapshot as of 2026-10-05. Dates are report dates, usually a Monday. Source: strategy.com/purchases

Bitcoin per share and the company's KPIs

Bitcoin per share

200,915 sats

diluted: 187,748 sats · shares 422,068,161 / 451,669,629, as of 9 Oct 2026. Basic = Strategy's market cap ÷ share price; diluted = BTC ÷ Strategy's sats per (assumed diluted) share.

BTC Gain, year to date

−2,091 BTC

Strategy's KPI: bitcoin added per share this year, expressed in BTC. Negative means the share count grew faster than the bitcoin. ≈ -0.31% BTC Yield on 672,500 BTC held at the start of the year (our division). strategy.com (live dashboard feed)

BTC Gain, quarter to date

+10 BTC

Same KPI for the current quarter. strategy.com (live dashboard feed)

Bitcoin bought this year

175,500 BTC

Net of sales, as reported. strategy.com (live dashboard feed)

Debt + preferreds vs bitcoin

29.1%

Debt 1.4% + preferred stock 19.6% of BTC NAV (Strategy's figures). strategy.com (live dashboard feed)

Preferred dividends per year

$1.58B

The USD reserve covers ≈ 43 months; bitcoin covers ≈ 45 years (Strategy's figures). strategy.com (live dashboard feed)

BTC Yield by year and quarter

BTC Yield = % change in bitcoin per diluted share over the period. Third-party calculation from filings; Strategy's own share-count assumptions can differ.

PeriodBTC YieldBTC addedBTC at end
2022+1.8%8,109132,500
2023+7.3%56,650189,150
2024+74.4%258,320447,470
2025+22.8%225,030672,500
2026 YTD−3.7%175,500848,000
Q3 2025+5.2%42,706640,031
Q4 2025−2.5%32,469672,500
Q1 2026+3.4%89,599762,099
Q2 2026+4.5%83,901846,000
Q3 2026−11.0%1,666847,666
Q4 2026 QTD+0.0%334848,000

Source: strategytracker.com (computed from filings)

Debt and preferred stock

Debt $6.71B + preferreds $13.95B = 29.2% of the bitcoin's value

InstrumentTypeAmountRate / termNote
STRF Strategy 10.00% Series A Perpetual Strife Preferred StockPerpetual preferred$1,284M10% · quarterlylast $103.21
STRC Strategy 10.00% Series C Perpetual Strike Preferred StockPerpetual preferred$9,163M12% · semi-monthlylast $99.655
STRE Strategy 10.00% Series E Perpetual Strike Preferred StockPerpetual preferred$899M10%last $10.23
STRK Strategy 8.00% Series A Perpetual Strike Preferred StockPerpetual preferred$1,402M8% · quarterlylast $76.2
STRD Strategy 8.00% Series D Perpetual Strike Preferred StockPerpetual preferred$1,402M10% · quarterlylast $72.86
Convertible senior notes (several series, 2028–2032)Convertible debt$6,714M—Aggregate principal as published by Strategy.

Preferred total in Strategy's feed: $13.9B (notional). Preferreds pay fixed or variable dividends and never have to be repaid; that is why they are not debt, but they come before common shareholders.

Who runs it

Michael Saylorprofile →

Co-founder & Executive Chairman · Chairman since 1989 · CEO 1989–2022

Started the bitcoin treasury strategy in August 2020 and is its public face; he moved from CEO to Executive Chairman in August 2022 to focus on bitcoin.

Source: Strategy 8-K, 2 Aug 2022 · X

Phong Le

President & Chief Executive Officer · CEO since August 2022 (joined 2015 as CFO)

Runs the company day to day: the capital-markets machine behind the purchases (common stock ATMs, convertible notes and the STRK/STRF/STRD/STRC/STRE preferreds) and the software business.

Source: Strategy 8-K, 2 Aug 2022

Data refreshed: 11 Oct 2026 19:06 BST (London time). Refreshed every 3 hours; if a source fails we keep the last good data and say so.

This is information about a public company, not investment advice and not a recommendation to buy or sell its shares, preferreds or bitcoin.

More: company comparison · Metaplanet · Michael Saylor · ETF