Strategy
MSTRMarket valuation vs the Bitcoin it holds
1.20×
Premium
a 20% premium to Bitcoin NAV
Strategy trades at 1.20× its Bitcoin NAV — you pay $1.20 for every $1 of Bitcoin it holds, a 53.9B USD pile.
Live · last updated
BTC held
845.3K BTC
Bitcoin treasury
Bitcoin NAV
53.9B USD
at today's BTC price
Market cap
39.6B USD
Fully diluted
Share price
113 USD
USD
Last BTC buy
1550 BTC
Jun 8, 2026
mNAV over time
Full history · dilutedToday's 1.20× sits in a 52-week range of 1.01× to 1.80×.
mNAV · 52-week range
1.01×–1.80×
1.01×now 1.20×1.80×
About Strategy
Strategy (MSTR) owns 845.3K BTC. At today's price that Bitcoin is worth 53.9B USD. The market caps the whole company at 39.6B USD — 1.20× its Bitcoin. Put plainly: you pay $1.20 for every $1 of Bitcoin it holds, a 20% premium for everything that isn't the Bitcoin. It bought in at an average of 75.7K USD per coin.
Strategy (MSTR) mNAV — frequently asked
- What is Strategy (MSTR)'s mNAV?
- Strategy's mNAV is currently 1.20×. mNAV divides MSTR's market capitalisation by the value of the Bitcoin it holds, so 1.20× means the market values the company at 1.20× the worth of its Bitcoin treasury (53.9B USD).
- Is Strategy (MSTR) overvalued versus its Bitcoin?
- At 1.20×, Strategy (MSTR) trades at a 20% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 1.01×–1.80×.
- How much Bitcoin does Strategy (MSTR) hold?
- Strategy holds 845.3K BTC, worth 53.9B USD at current prices. Its most recent purchase was 1550 BTC on Jun 8, 2026.
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