The Bitcoin Bet
From software company to Bitcoin treasury — 670K BTC and counting
Bitcoin Holdings
Total BTC held (thousands)
BTC
444
Holdings Value
Market value of Bitcoin treasury (billions)
Value
$42B
The Bitcoin Bet
How a software company became the world's largest corporate Bitcoin holder
3.2%
Of all Bitcoin that will ever exist
670,000 BTC. More than any country, ETF, or public company. A software company that became a Bitcoin treasury.
MSTRNASDAQ
MicroStrategy Incorporated
Software company turned Bitcoin treasury — 670K BTC
$136.08
+1188.6% since 1998
Revenue (TTM)
How much money came in the door over the past year. Think of it as total sales before paying any bills.
$470.0M
-6.0%
Net Income (TTM)
What's left after paying everyone—employees, suppliers, taxes, everything. This is the actual profit.
$-590000000.00
-28.9%
Gross Margin
For every dollar of sales, how much is left after making the product? Higher is better—more room for profit.
76.0%
EPS (TTM)
If you owned one share, this is your slice of the profit. Bigger number = more earnings for each share you hold.
$-16.03
-73.5%
Financial Performance
The software business is almost irrelevant — it's a leveraged Bitcoin proxy. Convertible debt strategy amplifies gains and losses. Stock premium to NAV reflects Saylor's Bitcoin conviction.
Revenue
Money coming in the door each quarter—total sales before paying any bills.
$120.0M
+0.0%
Net Income
What's left after paying everyone. This is the real profit the company keeps.
-$340.0M
-3500.0%
Earnings Per Share
Your slice of the profit for each share you own. Bigger = better.
$-1.72
-289.0%
Margins
How much profit is made on each dollar of sales. Higher margins = more efficient business.
Profitability over time
Gross
76.0%
Operating
-283.0%
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About MicroStrategy Incorporated
MicroStrategy provides business intelligence and analytics software, but is now primarily known as a Bitcoin treasury company. Under CEO Michael Saylor, the company has accumulated over 444,000 BTC, making it the largest corporate holder of Bitcoin globally.
TechnologySoftware
Data Sources
Price Data: Yahoo FinanceFinancials: MicroStrategy Incorporated SEC Filings