metrics News & Analysis

MicroStrategy (MSTR) Bitcoin Metrics Reveal $54 Billion Holdings

Michael Saylor introduced new Bitcoin (BTC) metrics for MicroStrategy (MSTR), as the stock trades below its Bitcoin value after accounting for $13.5 billion in debt and preferred obligations. MSTR holds 845,256 BTC valued at about $54 billion, with an average entry cost near $75,700, making its Bitcoin stack currently underwater. The company reported a net loss of $12.5 billion in the first quarter due to an unrealized loss of $14.5 billion. Analysts have raised concerns about the financial position, noting MSTR trades around 84% of its gross Bitcoin value, with a market cap reflecting a challenging landscape for shareholders.