Treasury
How much BTC Strategy holds and what it most recently bought.
BTC held---
Latest buyAwaiting source
USD reserve---
Educational betaNot investment advice. Market data is timestamped and may be delayed, indicative, or vendor-restricted. Models are assumptions, not forecasts.Read policy
Educational beta for Strategy
Syncing quote timestamps and filing overlays
Strategy'sBitcoin Treasury,in market context
Current holdings, latest disclosed buy, timestamped mNAV, and remaining ATM room in one opening read.
Start With Three Core Reads
Treasury, premium, and capital-stack pressure are the three things a visitor should understand first.
Open Treasury
Premium
Whether MSTR is trading rich or cheap versus the BTC it actually holds.
Current mNAV---
Premium vs parity---
BTC / share---
Capital Stack
How much dry powder remains and how the preferred stack is currently priced.
ATM remaining---
STRC price---
STRC yieldAwaiting quote
Price the Treasury Engine
One visual board for the current MSTR-to-BTC translation, the implied equity value in BTC, and the timestamped quotes feeding that math.
Pair surface preview
Awaiting pair inputs
The current share price translated into Bitcoin terms, plus the inverse pair and the equity value the market is assigning to Strategy's treasury.
Sats / share---Spot translation
Shares / BTC---Inverse pair
Equity in BTC---Basic shares only
BTC Spot
---Current Bitcoin price
MSTR Spot
---Current common equity price
Why this board exists: the share price only becomes useful once visitors can translate it back into BTC terms and compare that with the actual treasury.
Open the Full Platform
The homepage is the opening summary. These routes are the working boards behind it.
Strategy
How is Strategy set up right now?
Open Strategy
Treasury
What BTC was bought, and did it lift BTC/share?
Open Treasury
Premium
Is MSTR rich or cheap versus BTC NAV?
Open Premium
Capital
How much capital is left after debt and dilution?
Open Capital
Market
Which lines are quoted, sourced, and executable now?
Open Market
STRC
How much BTC can the STRC ATM fund right now?
Open STRC
MTPLF
What is Metaplanet doing, and what can it still fund?
Open MTPLF
Scenarios
What changes if capital is raised or BTC moves?
Open Scenarios