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Michael Saylor Bitcoin Tracker
Real-time tracking of MicroStrategy's revolutionary Bitcoin treasury strategy
"Bitcoin is the apex property of the human race. Whoever gets the most Bitcoin wins."
597,235 ₿
$64.63 Billion
$70,982
Average Cost
$42.4B
Total Invested
+$22.2B
Unrealized Gain
16.3%
BTC Yield YTD
21/21 Plan Progress
$42 billion capital raise over 3 years ($21B equity + $21B debt)
Started: Oct 2024
$28.6B Raised
Target: 2027
Bitcoin Price
$108,200
MSTR Stock Price
$404.00
Bitcoin Premium
Market Cap
$91.7B
| Purchase Date | BTC Acquired | Price per BTC | Total Amount | Current Value | P&L | Funding Method |
|---|
Recent Bitcoin Purchases
Saylor's Bitcoin Strategy
Digital Capital Strategy
Bitcoin as the world's first digital capital and superior store of value
Core Thesis
Since 2020
Intelligent Leverage
Use convertible debt and equity to acquire Bitcoin at scale
$42B Plan
Capital Strategy
BTC Yield Target
Aim for 6-10% annual BTC yield through strategic acquisitions
6-10% Annual
Performance KPI
Forever Hold
Never sell Bitcoin - only buy and hold for the long term
HODL Strategy
Forever Timeline
Frequently Asked Questions
Michael Saylor's strategy involves transforming MicroStrategy into a "Bitcoin Treasury Company" that uses its cash flows, equity raises, and convertible debt to acquire Bitcoin as a treasury reserve asset. He views Bitcoin as "digital capital" and the superior store of value, replacing traditional cash holdings with Bitcoin to protect against currency debasement.
The 21/21 Plan is MicroStrategy's ambitious $42 billion capital raise over 3 years (2024-2027), consisting of $21 billion in equity offerings and $21 billion in fixed-income securities. All proceeds are used to acquire more Bitcoin. As of 2025, they've already raised approximately $28.6 billion, making them 68% complete with their plan.
As of June 2025, MicroStrategy owns approximately 597,235 Bitcoin worth over $64 billion at current prices. They acquired these coins for a total of $42.4 billion at an average price of $70,982 per Bitcoin. This makes them the largest corporate holder of Bitcoin in the world, holding roughly 2.8% of all Bitcoin in existence.
BTC Yield measures how much MicroStrategy's Bitcoin holdings per share increase over time through strategic acquisitions. It's calculated as the percentage change in Bitcoin per share. For 2025, they're targeting 6-10% annual BTC Yield. This metric shows how effectively they're using their capital to accumulate more Bitcoin for shareholders beyond just Bitcoin's price appreciation.
MSTR typically trades at a 2-3x premium to its Bitcoin holdings due to several factors: 1) Access to Bitcoin through a traditional stock, 2) The company's ability to use leverage to acquire more Bitcoin, 3) Potential inclusion in major indices, 4) The software business (though minimal), and 5) Investor speculation on the success of the Bitcoin strategy. This premium can fluctuate significantly based on market sentiment.
Key risks include: 1) Bitcoin price volatility - a 90% decline could severely impact shareholders, 2) Convertible debt obligations if Bitcoin underperforms, 3) Regulatory changes affecting Bitcoin or corporate holdings, 4) Interest rate sensitivity affecting debt costs, 5) Concentration risk in a single asset, and 6) Dependence on continued ability to raise capital. Saylor has acknowledged that shareholders "would suffer" in a prolonged Bitcoin bear market.
MicroStrategy typically announces Bitcoin purchases within a few days via SEC filings and Michael Saylor's social media. They're required to file Form 8-K reports for material acquisitions. This tracker aggregates those public announcements to provide near real-time updates on their holdings, though there may be a 1-3 day delay between actual purchases and public disclosure.
Important Disclaimer: This tracker is based on publicly available information from MicroStrategy's SEC filings and announcements. Bitcoin and MSTR are highly volatile investments that can result in significant losses. Michael Saylor's strategy involves substantial leverage and concentration risk. This information is for educational purposes only and should not be considered investment advice. Always conduct your own research and consult with qualified financial advisors before making investment decisions.