MicroStrategy's average Bitcoin purchase price vs Bitcoin price
One chart, two lines: Bitcoin's daily USD market price and MicroStrategy's average BTC cost basis per BTC (from SEC EDGAR disclosures).
Price Chart
Purchase Timeline
Key milestones in MicroStrategy's Bitcoin accumulation journey, based on SEC filings.
Key Facts
Key Facts (1/6)
First Purchase
MicroStrategy made its first Bitcoin purchase on August 11, 2020, buying 21,454 BTC for $250 million at an average price of ~$11,653 per BTC.
Holdings History
| Date | Holdings (BTC) | Avg Price | Total Invested |
|---|---|---|---|
Mar 1, 2026 | 720,737 +3,015 | $75,985 | $54,770,000,000 |
Feb 22, 2026 | 717,722 +591 | $76,020 | $54,560,000,000 |
Feb 16, 2026 | 717,131 | $76,027 | $54,520,000,000 |
Feb 13, 2026 | 717,131 +2,487 | $76,027 | $54,500,000,000 |
Feb 8, 2026 | 714,644 +1,142 | $76,056 | $54,350,000,000 |
Feb 1, 2026 | 713,502 +855 | $76,052 | $54,263,254,104 |
Jan 25, 2026 | 712,647 +2,932 | $76,037 | $54,190,000,000 |
Jan 19, 2026 | 709,715 +22,305 | $75,979 | $53,920,000,000 |
Jan 11, 2026 | 687,410 +14,910 | $75,353 | $51,800,000,000 |
Dec 31, 2025 | 672,500 +3 | $74,997 | $50,440,000,000 |
Holdings Calculator
Explore how different Bitcoin prices affect MicroStrategy's unrealized profit or loss.
MSTR Holdings Calculator
Methodology & Data Sources
- Bitcoin price: Coinbase BTC-USD spot (USD) for the “spot” card (when available), and Stooq BTCUSD daily close (USD) for the historical series.
- MicroStrategy avg purchase price: extracted from multiple SEC EDGAR filings (8‑K / 10‑Q / 10‑K) that disclose (1) BTC holdings and (2) an average purchase price per BTC. The line is rendered as a step series between disclosure dates.
- Note: Disclosure timing can lag purchases. If there are no filings for a period, the average cost line will remain flat until the next disclosure.
This page is for informational purposes only and is not financial advice.
Frequently Asked Questions
MicroStrategy adopted Bitcoin as its primary treasury reserve asset in August 2020. The company's strategy involves acquiring and holding Bitcoin as a long-term store of value, funded through operating cash flow, equity offerings, and convertible debt.
MicroStrategy has used multiple funding sources: operating cash flow, proceeds from convertible senior notes (debt), and at-the-market (ATM) equity offerings where the company sells new shares on the open market.
MicroStrategy's average Bitcoin purchase price changes with each new acquisition. This page tracks the average cost basis as disclosed in SEC filings (8-K, 10-Q, 10-K). The green dashed line on the chart above represents this evolving average.
MicroStrategy has maintained a strategy of accumulating Bitcoin rather than selling. Despite significant price volatility and paper losses during bear markets, the company has continued to add to its holdings.
Bitcoin prices come from Coinbase (spot) and Stooq (daily closes). MicroStrategy's holdings and average purchase price are extracted directly from SEC EDGAR filings, including 8-K current reports, 10-Q quarterly filings, and 10-K annual reports.
Bitcoin prices update approximately every minute (spot) and daily (historical closes). MicroStrategy's treasury data updates whenever the company files a new SEC disclosure containing Bitcoin holdings information, which typically happens after each new purchase or quarterly.
MicroStrategy's average purchase price is only updated when a new SEC filing is published. There can be a delay between when purchases occur and when they are formally disclosed in regulatory filings. The green line remains flat between disclosure dates.
No. This page is for informational and educational purposes only. It is not financial advice, and you should do your own research before making any investment decisions.
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