Bitcoin per share
—
whole BTC behind each share
Effective price per BTC via MSTR
—
vs spot price
mNAV (premium / discount)
—
market price vs bitcoin value
Bitcoin value per share
—
the NAV behind one share
$1,000 in MSTR buys
—
sats · vs direct below
$1,000 in BTC buys
—
sats · buying spot directly
Shares to own 1 whole bitcoin
—
become a wholecoiner via MSTR
Advanced & data sources
Bitcoin held: 845,256 BTC, auto-synced
from public filings data (average cost about $75,681 per coin). 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.