MSTR (Strategy Inc.) is one of the most closely watched Bitcoin-related stocks. Formerly known as MicroStrategy, the company has built a massive Bitcoin treasury, making its stock price highly sensitive to Bitcoin’s movements. This overview examines MSTR’s Bitcoin strategy, market performance, potential upside, and key risks, including volatility, dilution, debt, and changes in Bitcoin prices.
If you mean MSTR (Strategy Inc., formerly MicroStrategy), here’s the key picture today, August 21, 2026:
MSTR is around $112 in the latest market data.
The stock is moving sharply higher as Bitcoin rallies. MSTR has recently gained substantially more than BTC, showing its high sensitivity to Bitcoin movements. (CoinDesk)
Strategy holds approximately 840,447 BTC, acquired at an average cost of about $75,385 per BTC. (CoinDesk)
Its Bitcoin position has recently moved back into an unrealized profit of roughly $1.4 billion as BTC climbed. (CoinDesk)
Strategy also has about $4.8 billion in USD reserves, which gives it additional liquidity for dividends and other obligations. (Bitcoin Treasuries)
The major risk is that MSTR is effectively a leveraged Bitcoin investment: if Bitcoin falls significantly, MSTR can fall much faster because of its financing structure, preferred securities and share issuance.