MSTR Implied Price Calculator

Snapshot calculator where "BTC" is Bitcoin price, "held BTC" is Bitcoin held by Strategy, and "share count" is fully diluted shares to date.

Inputs

BTC price (USD)

BTC • default: latest spot price (updates 24/7)

mNAV

mNAV • default: current level (As of Feb 26, 2026)

BTC held by Strategy

held BTC • default: latest, by Strategy website

Share count (millions)

share count, fully diluted • default: latest, by Strategy website

Implied market cap = mNAV × (held BTC × BTC price)
Implied MSTR price = Implied market cap / share count

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 (USD)

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Premium per BTC (USD/BTC)

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BTC per share

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Share count 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)

Years ahead

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

Year ahead (slider)

Year ahead used below

Selected: 0 years

BTC annual growth rate (%)

Used to project BTC price for each year ahead

BTC MOIC (y-axis below)

Projected return multiple from current BTC price (e.g., 0.5,1,2,3,5,10)

mNAV (x-axis below)

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

Shows implied MSTR price ($/share) for various BTC prices and mNAV values, using following formula: MSTR Price = (mNAV × held BTC × BTC) / share count.

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.