No. of Recommendations: 1
MSTR stock price has fallen by more than 50% in the last 2 months, with the price down about 10% today. Bitcoin price is down about 6% today.
MSTR holdings:
bitcoin 640,031 * $85,060 = $54B
market cap 287,354k * $161 = $46B
debt $8B
Preferred Stock $6B
Public U.S. companies hold over one million Bitcoin, which represents more than 4.7% of the total Bitcoin supply as of September 2025. Strategy Inc (MSTR) Shares outstanding increased 46% in the last year, with the proceeds mostly spent on bitcoin (Intangibles increased from $6B to $64B). Bitcoin price increased 76% between June 2024 and June 2025.
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Tumbling crypto stocks threaten end to Wall Street’s 5-day winning streak, December 1, 2025
"Strategy, the company that used to be known as MicroStrategy and now raises money just to buy bitcoin, lost 10.3%. It said that it raised a fund of $1.44 billion in U.S. dollars, not in bitcoin, by selling stock to help pay for its dividends on preferred shares and interest on its debt."
apnews.com - Stocks markets retail cyber china trumpPublic Companies that Own Bitcoin
bitbo.io: Bitcoin Treasuries | 145 Companies Holding (Public/Priv)Crypto hoarding company shares under pressure as risk appetite wanes, November 28, 2025
"At least 15 bitcoin treasury companies were trading below the net asset value of their tokens as of Friday, according to data from crypto publication The Block."
reuters.com - Crypto hoarding company shares under pressure risk appetite wanesThe crypto publication "The Block" Market Cap data appears to be stale, maybe using a $330 stock price last seen October 8th.
crypto publication The Block Bitcoin Treasury Tracker
MSTR holds $55B bitcoin and has a $95B Market Cap, resulting in a mNAV of 1.7.
theblock.co - Bitcoin treasuries 