What does the MSTR vs BTC calculator do?

It takes your actual purchase history — number of shares or coins and the price you paid — and compares the current value of those holdings to what you would have had if you had invested the same dollars in the other asset on the same date.

How does the calculator find the price on my purchase date?

It looks up the closest available daily closing price for the other asset on or near the date you enter, using historical market data from the same sources as the rest of the dashboard.

Can I enter more than one purchase?

Yes. Use the Add lot button to record each separate purchase. The calculator will aggregate all lots and show combined totals alongside a lot-by-lot breakdown.

Is this investment advice?

No. The calculator is a tool for informational comparison only. Past performance of either asset does not predict future results.

MSTR ↔ BTC Calculator

Compare any Bitcoin treasury stock against BTC. Enter your MSTR or BTC purchases and see what they would be worth today — and what you'd have had if you'd picked the other asset instead.

Treasury stock

I bought

Historical BTC data available from 2015-01-01

Lot 1

Price paid per share (USD)

Purchase date

How the BTC vs MSTR calculator works

This tool answers one question: would you have been better off owning a Bitcoin treasury stock such as Strategy (MSTR), or simply holding bitcoin itself? Enter one or more purchase lots — the number of shares (or amount of BTC), the price you paid, and the date — and it looks up the historical price of the other asset on each of those dates, then values both positions at today’s live prices.

You can compare any treasury stock in the list against BTC, add multiple lots to model dollar-cost averaging, and share a scenario with a link. Because a company like Strategy holds bitcoin on its balance sheet and often trades at a premium or discount to the value of those coins — its mNAV — the stock and the coin can diverge significantly over time. See how Strategy’s bitcoin model works for the mechanics behind that gap.

A worked example

Say you bought 100 shares of MSTR at $250 each on 2 May 2024 — a $25,000 position. To see how that compares with just holding bitcoin, the calculator looks up MSTR’s price today and BTC’s price on 2 May 2024 (around $58,000), works out how much BTC the same $25,000 would have bought (about 0.431 BTC), and values that bitcoin at today’s live price. The results panel shows both outcomes side by side, along with the difference in dollars and percent.

These figures are illustrative — the calculator always pulls live prices and real historical data, so your actual numbers will differ. To line up every treasury company at once instead of one stock, the Compare page ranks holdings, mNAV premium or discount, BTC yield and leverage side by side.

Frequently asked questions

What does the MSTR vs BTC calculator do?: It takes your actual purchase history — number of shares or coins and the price you paid — and compares the current value of those holdings to what you would have had if you had invested the same dollars in the other asset on the same date.
How does the calculator find the price on my purchase date?: It looks up the closest available daily closing price for the other asset on or near the date you enter, using historical market data from the same sources as the rest of the dashboard.
Can I enter more than one purchase?: Yes. Use the Add lot button to record each separate purchase. The calculator will aggregate all lots and show combined totals alongside a lot-by-lot breakdown.
Is this investment advice?: No. The calculator is a tool for informational comparison only. Past performance of either asset does not predict future results.

For informational purposes only. Not investment advice. Past performance does not guarantee future results.