Quote from: Jumperman4 on Today at 01:42:27 PM

I am trying to establish a baseline of how much bitcoin you buy, by buying a share of MSTR.

There are 9.33 million MSTR shares outstanding according to Yahoo Finance.

Quote from: Jumperman4 on Today at 01:55:15 PM

129,699 is the amount of BTC they own as of their previous 8-k as of June 29th, 2022.

Some napkin math (no idea how accurate this is, just going off some things I found on yahoo finance).

If there are 129,699 BTC held among 9,330,000 shares, that is 129699/9330000 or approximately 0.01390128617 BTC per share.

With a current share price of $273.70 and a Bitcoin value of $332.27 per share, you can see that they are also using debt of which they currently have 2.44B.

The debt comes to $261.52 per share. They also have around $10 in cash per share, so we'll say there's $250 worth of debt and $330 worth of Bitcoin for every share of Microstrategy. That means with no leverage (they are using a little) and no profit (they had profit of over $400M last year), you would expect to see the stock trading at around $80 per share. This shows the market believes greatly that Microstrategy will continue investing in Bitcoin and that the Bitcoin price will rise. Perhaps I'm overlooking something with my quick calculations, but it seems that GBTC gives you more BTC than you pay for, while MSTR gives you far less. The difference being that GBTC has to sell BTC to pay management fees while MSTR buys BTC with income.