Strategy MSTR.US
Strategy holds 843,775 BTC · mNAV 0.614× (discount). As of 2026-07-10.
- BTC held
- 843,775
- mNAV
- 0.614×
- Market cap
- $33.11B
- BTC value
- $53.91B
How the ratio is built
mNAV = equity market cap ÷ value of BTC held. Above 1× the equity trades at a premium to its Bitcoin NAV; below 1× a discount. Market cap here is 94.64 USD × 349.8M shares (shares as of 2026-07). It is an observable ratio, not a valuation judgement or advice.
Cohort context
Across all public companies tracked, corporate treasuries hold 1,279,883 BTC (2,343 vs 30 days ago) — roughly 6.09% of Bitcoin’s market cap. Per-company time series is not tracked here; figures are point-in-time as of 2026-07-10.
Sources
- Yahoo Finance — MSTR.US equity quote
- Strategy (MSTR) shares outstanding ~349.8M — maintained constant, update on new SEC filings
- CoinGecko — public-company Bitcoin treasuries (holdings)
as of 2026-07-10
Observable public-company Bitcoin data, sourced and dated. mNAV has no standard definition; figures are point-in-time, methodology-dependent, and can differ between trackers. Information, not financial advice. How CoinBucha computes its cohort: methodology. Machine-readable: coinbucha.com/treasury.json.