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Bitcoin Treasury Chart

Strategy (formerly MicroStrategy) average Bitcoin purchase price vs Bitcoin price

Compare Bitcoin's USD market price with Strategy's reported average BTC cost basis per BTC. MSTR treasury figures come from SEC EDGAR disclosures, with dated fallbacks when a public source is unavailable.

As of Oct 11, 2026, Strategy (formerly MicroStrategy) reported holding 848,250 BTC at an average purchase price of $75,444 per bitcoin ($64.00 billion in total), according to its SEC filing dated Oct 13, 2026.

Bitcoin (spot)
$81,117
Spot fetched Oct 17, 2026, 17:05 (UTC)
Latest close: $81,500 on Oct 16, 2026 (UTC)
Strategy avg purchase price
$75,444
848,250 BTC held (per SEC EDGAR filing)
As of Oct 11, 2026
Filed Oct 13, 2026 (UTC)
View source filing on SEC EDGAR
Price vs cost basis
$5,673
+7.5% vs avg purchase price

Price Chart

Bitcoin price (USD)
Strategy avg purchase price (USD/BTC)(108 snapshots)
Range: Aug 1, 2020 → Oct 16, 2026 (UTC)
MSTR snapshots: Sep 30, 2020 → Oct 11, 2026 (UTC)
$0$50,000$100,000$150,000Aug 2020Feb 2022Sep 2023Mar 2025Oct 2026

Cite this data

Strategy (formerly MicroStrategy) bitcoin holdings and average purchase price, compiled from SEC EDGAR filings (latest filing dated Oct 13, 2026, as of Oct 11, 2026). Crypto Portfolio Tracker. https://crypto-portfolio-tracker.app/microstrategy-bitcoin-average-price

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Treasury Timeline

Key milestones in Strategy's reported Bitcoin holdings and cost-basis history, including changes from acquisitions or sales, based on SEC filings.

  1. Sep 30, 2020
    38,250 BTC
    Avg price: $11,111
    Reported cost basis: $425,000,000
  2. Dec 31, 2020
    70,469 BTC
    Avg price: $15,964
    Reported cost basis: $1,125,000,000
  3. Jul 28, 2021
    105,085 BTC
    Avg price: $26,080
    Reported cost basis: $2,741,000,000
  4. Jun 27, 2023
    152,333 BTC
    Avg price: $29,668
    Reported cost basis: $4,520,000,000
  5. Mar 18, 2024
    214,246 BTC
    Avg price: $35,160
    Reported cost basis: $7,530,000,000
  6. Sep 19, 2024
    252,220 BTC
    Avg price: $39,266
    Reported cost basis: $9,900,000,000
  7. Nov 24, 2024
    386,700 BTC
    Avg price: $56,761
    Reported cost basis: $21,900,000,000
  8. Dec 22, 2024
    444,262 BTC
    Avg price: $62,257
    Reported cost basis: $27,700,000,000
  9. Jun 29, 2025
    597,325 BTC
    Avg price: $70,982
    Reported cost basis: $42,400,000,000
  10. May 25, 2026
    843,738 BTC
    Avg price: $75,700
    Reported cost basis: $63,870,000,000
  11. May 31, 2026
    843,706 BTC
    Avg price: $75,699
    Reported cost basis: $63,870,000,000
  12. Jun 28, 2026
    847,363 BTC
    Avg price: $75,651
    Reported cost basis: $64,100,000,000
  13. Jun 30, 2026
    846,000 BTC
    Avg price: $75,578
    Reported cost basis: $63,940,000,000
  14. Jul 5, 2026
    843,775 BTC
    Avg price: $75,476
    Reported cost basis: $63,690,000,000
  15. Jul 26, 2026
    843,775 BTC
    Avg price: $75,476
    Reported cost basis: $63,690,000,000
  16. Aug 2, 2026
    842,138 BTC
    Avg price: $75,419
    Reported cost basis: $63,510,000,000
  17. Aug 9, 2026
    840,447 BTC
    Avg price: $75,385
    Reported cost basis: $63,360,000,000
  18. Oct 11, 2026
    848,250 BTC
    Avg price: $75,444
    Reported cost basis: $64,000,000,000

Reading the MSTR data

Strategy, formerly MicroStrategy, began adding Bitcoin to its corporate treasury in 2020. Each point here reflects a disclosure found in an SEC filing, not an estimate of an undisclosed transaction.

Holdings and average cost can therefore remain unchanged between filings. Use the filing and “as of” dates below when comparing a snapshot with a Bitcoin price. SEC filings disclose these bitcoin sales: 704 BTC in December 2022, a total of 32 BTC during May 26–31, 2026, a total of 3,588 BTC during June 29–July 5, 2026, a total of 1,638 BTC during July 27–August 2, 2026, and a total of 1,690 BTC during August 3–9, 2026, through the filing dated September 21, 2026.

Holdings History

DateHoldings (BTC)
Oct 11, 2026 (SEC filing, opens in new tab)
848,250
Net holdings change since the previous filing: +584
Sep 27, 2026 (SEC filing, opens in new tab)
847,666
Net holdings change since the previous filing: +1,666
Sep 20, 2026 (SEC filing, opens in new tab)
846,000
Net holdings change since the previous filing: +950
Sep 13, 2026 (SEC filing, opens in new tab)
845,050
Sep 7, 2026 (SEC filing, opens in new tab)
845,050
Aug 30, 2026 (SEC filing, opens in new tab)
845,050
Net holdings change since the previous filing: +4,603
Aug 23, 2026 (SEC filing, opens in new tab)
840,447
Aug 16, 2026 (SEC filing, opens in new tab)
840,447
Aug 9, 2026 (SEC filing, opens in new tab)
840,447
Net holdings change since the previous filing: −1,691
Aug 2, 2026 (SEC filing, opens in new tab)
842,138
Net holdings change since the previous filing: −1,637

The small figure under each holdings total is the net holdings change since the previous filing, not a reported purchase or sale amount.

Holdings Calculator

Explore how different Bitcoin prices affect Strategy's unrealized profit or loss. The starting value uses the Coinbase spot price shown above.

MSTR Holdings Calculator

$81,117
Holdings
848,250 BTC
Avg cost: $75,444/BTC
Reported Cost Basis
$64.00B
Market Value
$68.81B
Unrealized P&L
+$4.81B
+7.5%

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Methodology & Data Sources

  • Bitcoin price: Coinbase BTC-USD spot (USD) for the “spot” card when available. Coinbase Exchange BTC-USD daily closes (UTC) for the historical series, through Oct 16, 2026 (UTC). The current UTC day is still open, so it is excluded and every plotted point is a settled daily close.
  • Strategy 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. The latest displayed snapshot links directly to its source filing above.
  • Note: Disclosure timing can lag acquisitions, sales, and other treasury activity. Weeks without a plotted point had no holdings disclosure in the filings this page parses, so the average cost line stays flat until the next disclosure.

Both files list every snapshot in the holdings table, with the as-of date, filing date, total BTC held, aggregate purchase cost, average purchase price per BTC, net change since the previous snapshot and the SEC filing URL; Bitcoin price data is not included.

This page is for informational purposes only and is not financial advice.

Frequently Asked Questions

What is Strategy's Bitcoin strategy?

Strategy (formerly MicroStrategy) adopted Bitcoin as its primary treasury reserve asset in August 2020. It has funded acquisitions through operating cash flow, equity offerings, and debt, while its holdings can also change through sales or other disclosed treasury activity.

How does Strategy fund its Bitcoin purchases?

Strategy has used operating cash flow, proceeds from convertible senior notes, and at-the-market equity offerings to fund Bitcoin purchases.

What is Strategy's average Bitcoin purchase price?

Strategy's reported average Bitcoin purchase price can change when acquisitions, sales, or other disclosed activity alter its holdings or cost basis. This page tracks the cost basis disclosed in SEC filings (8-K, 10-Q, and 10-K). The green dashed line represents that reported average.

Has Strategy sold Bitcoin?

Yes. SEC filings disclose these bitcoin sales: 704 BTC in December 2022, a total of 32 BTC during May 26–31, 2026, a total of 3,588 BTC during June 29–July 5, 2026, a total of 1,638 BTC during July 27–August 2, 2026, and a total of 1,690 BTC during August 3–9, 2026, through the filing dated September 21, 2026. SEC disclosures remain the source of truth for reported holdings; this page does not infer undisclosed transactions.

Where does the data on this page come from?

Bitcoin prices come from Coinbase: the spot figure from Coinbase's spot price API, and the historical series from Coinbase Exchange BTC-USD daily closes. If that request fails, the page tries Stooq's BTCUSD daily closes and then falls back to a dated checked-in Bitcoin history, labeling on the page whichever source it actually used. Strategy's holdings and average purchase price come from SEC EDGAR filings, with a dated checked-in SEC snapshot as the fallback.

How often is this page updated?

The page attempts to refresh its public price and SEC sources on a short cache. Every displayed value includes a source date, and a labeled checked-in snapshot is used when a live refresh fails.

Why does the MSTR average cost line sometimes lag behind?

Strategy's average purchase price is updated only when a new SEC filing is published. The green line remains flat between disclosure dates, so it can lag activity that has not yet been reported.

Is this financial advice?

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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