MSTR Implied Price Calculator

Snapshot calculator where B is BTC price, b is BTC held, and s is fully diluted shares.

Inputs

Bitcoin price (USD)

mNAV / Ratio premium

πρ (e.g., 1.50 = 50% premium)

BTC held by MSTR

b (default: Strategy “Shares” table)

Fully diluted shares (millions)

s (ADSO), input in millions with 3 decimals

Implied market cap = mNAV × (BTC held × BTC price)
Implied MSTR price = Implied market cap / fully diluted shares

Outputs

Implied MSTR price (USD/share)

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Implied market cap (USD)

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BTC holdings value (USD)

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Implied dollar premium Π$ (USD)

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Premium per BTC (USD/BTC)

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BTC per fully diluted share

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Fully diluted shares used (millions)

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This is a static implied-price calculator. It does not model future dilution beyond using fully diluted shares, nor does it model any “Bitcoin Yield” / premium dynamics.

Sensitivity analysis (MSTR price)

For each “year ahead”, BTC scenarios are generated from today’s BTC price using a BTC growth rate, then multiplied by the BTC multipliers.

Years ahead

Comma-separated (e.g., 0,1,2,3,4,5,6,7,8,9,10)

Year ahead (slider)

Year ahead use below

Selected: 0 years

BTC annual growth rate (%)

Used to project BTC price for each year ahead

BTC multipliers

Applied to projected BTC price (e.g., 0.5,1,2,3,5,10)

mNAV values

Columns in the table (e.g., 0.5,1,1.5,2,3)

Cells show implied MSTR price (USD/share) using: Price = (mNAV × b × BTC) / s.

Defaults: b=717,722 BTC and fully diluted shares (ADSO)=366.419M from Strategy’s “Shares” table (as displayed on their site).

Disclaimer

This calculator provides simplified mathematical estimates based solely on user-defined inputs. It does not account for debt structure, derivatives, corporate actions, financing terms, dilution changes, tax considerations, liquidity conditions, regulatory developments, or dynamic premium behavior.

Nothing on this website constitutes financial, investment, legal, or tax advice. All outputs are hypothetical and for informational purposes only. Investing in MicroStrategy / Strategy, Bitcoin, or related securities involves significant volatility and risk. Users are solely responsible for their own investment decisions.