Strategy vs Bitcoin
Strategy shares moved +11.5% over 30 trading days while Bitcoin moved +5.1%. The extra move was +6.4 points.
This page separates Bitcoin's price move from the extra movement in Strategy shares, then checks company value, coin value, dilution and the historical relationship.
BTC
MSTR
one coin move, a different share move
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Where did the extra move come from?
Strategy shares do not equal a fixed amount of Bitcoin. Financing, share issuance, debt, preferred stock and changing enthusiasm all sit between the coin and the share.
| Window | Strategy | Bitcoin | Strategy minus Bitcoin |
|---|---|---|---|
| 1 session | +0.1% | -0.3% | +0.4% |
| 7 sessions | +1.9% | -0.6% | +2.5% |
| 30 sessions | +11.5% | +5.1% | +6.4% |
Strategy shares moved +11.5% over 30 trading days while Bitcoin moved +5.1%. The extra move was +6.4 points.
Is the company value above its Bitcoin value?
Read the ratio as a comparison only. It is not a clean premium and it does not remove every claim ahead of common shareholders.
The current equity-to-Bitcoin value ratio is 0.91× versus a two-year median of 1.00×.