Feed warming up — live data will appear here shortly.
Drag the sliders below to run your own scenario in the meantime.
MSTR refreshes every 60 seconds during market hours; bitcoin refreshes around the clock. Drag a slider to test your own scenario, then hit “snap to live” to track the market again.
Bitcoin held: 845,256 BTC, auto-synced from public filings data. Share counts from the Q1 2026 10-Q (period ended March 31, 2026): 350.4M basic common, 378.8M on the company’s own “assumed diluted” basis, which layers in the convertible notes, STRK preferred conversion, and options and RSUs. The other preferred series (STRF, STRC, STRD, STRE) are perpetual and do not convert to common, so they are not in the share count. The dilution slider lets you project additional shares on top of whichever base you pick, since Strategy issues stock continuously through its at-the-market program.
Sats per share equals bitcoin held divided by shares, times 100,000,000 sats per bitcoin. mNAV equals the MSTR price divided by the bitcoin value behind each share: above 1.0 you are paying a premium to the bitcoin, below 1.0 you are buying the bitcoin at a discount.
Bitcoin holdings and share counts change frequently; figures reflect the latest filings.
Data sources: Strategy 8-K and 10-Q filings, live BTC and MSTR quote feeds. For educational purposes only — not financial advice.
© Trading Apologist · For educational purposes only — not financial advice.