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.
Price Chart
Treasury Timeline
Key milestones in Strategy's reported Bitcoin holdings and cost-basis history, including changes from acquisitions or sales, based on SEC filings.
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. Strategy disclosed a 704 BTC sale in December 2022, a 32 BTC sale during May 26–31, 2026, and sales totaling 3,588 BTC in its July 6, 2026 Form 8-K.
Holdings History
| Date | Holdings (BTC) | Avg Price | Reported Cost Basis |
|---|---|---|---|
Aug 30, 2026 | 845,050 +4,603 | $75,412 | $63,730,000,000 |
Aug 9, 2026 | 840,447 | $75,385 | $63,360,000,000 |
Aug 2, 2026 | 842,138 | $75,419 | $63,510,000,000 |
Jul 26, 2026 | 843,775 | $75,476 | $63,690,000,000 |
Jul 5, 2026 | 843,775 | $75,476 | $63,690,000,000 |
Jun 30, 2026 | 846,000 | $75,578 | $63,940,000,000 |
Jun 21, 2026 | 847,363 +3,657 | $75,651 | $64,100,000,000 |
May 31, 2026 | 843,706 | $75,699 | $63,870,000,000 |
May 25, 2026 | 843,738 +126,607 | $75,700 | $63,870,000,000 |
Feb 16, 2026 | 717,131 | $76,027 | $54,520,000,000 |
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
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 Sep 1, 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. 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
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 a 704 BTC sale in December 2022, a 32 BTC sale during May 26–31, 2026, and sales totaling 3,588 BTC during June 29–July 5, 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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