I am trying to establish a baseline of how much bitcoin you buy, by buying a share of MSTR.
I have an IRA and would like to know exactly how much btc per share I am buying by buying MSTR.
I'm opting for MSTR vs GBTC because I have a gut feeling MSTR will not sell their BTC any time soon. I am not going to dump my IRA.
129,699 is the amount of BTC they own as of their previous 8-k as of June 29th, 2022. That is approximately $3 billion in market value as of today 7/28/2022.
MSTRs market cap is 3 billion, there is no way they are entirely composed of BTC, meaning that 1 share price would equal the exact amount of btc. EX: today 7/28/2022 at this as per the Nasdaq the time is 09:53 am mstr is $259 =0.011189451673665475btc.
That can't be.