In his latest X post, strategy chief Michael Saylor, wearing a tuxedo with the touch of AI as usual, posted a “winning bet” when his company’s Bitcoin (BTC) campaign reached the five-year mark. This is a bit of Stagecraft that is frequently delivered by Saylor on Sundays and arrives just before an update to the software company’s holdings.
What began on August 11, 2020 now looks like a running list of convictions. The balance shows 628,946 BTC accumulated at entries averaged $73,288 per coin. Under the current mark, the value is approximately $74.45 billion, with a profit of 61.52% listed.
The summer tape recorded a big 21,021 with 10,100 BTC on June 16, 4,980 on June 30, 4,225 on July 14, 6,220 on July 21 and 21,021 on July 29, followed by an increase of 155 BTC recorded on August 11. $119,309.
Create winning pic.twitter.com/5dm5lqoq4g
– Michael Saylor (@saylor) August 17, 2025
These numbers are currently the basis for MSTR equity.
Numbers
The strategy trades at $366 per share under MSTR, with a market capitalization of $104 billion and an enterprise value of $115 billion. The company’s dashboard shows that Bitcoin accounts for 71.7% of its market capitalization and has a NAV multiple of 1.395.
This indicates that the stock is typically sold above the market value of the Bitcoin stack. With each purchase wave, the spread can change a bit as stock supplies are fixed while the Treasury grows.
I don’t promise to submit new posts, but it’s still a challenge. You must select the side of the table. Saylor has been going on for the past five years. We expect the spreadsheet to talk and assume that the policy has not changed.
