MSTRstock
Strategy
Corporate BTC Treasury
01
🎯 Fundamentals
Price
$135.00
−0.79%
Market cap
$46.43B
P/E (TTM)
11.3
Source
Finnhub · 5min cache
02
📖 Business model & moat
Moat
Flagship corporate BTC treasury. First-mover advantage + Michael Saylor's personal brand + a capital flywheel using ATM stock issuance and convertible debt + mNAV premium mechanism.
Business model
Legacy business: enterprise BI software (~$400M annual revenue). Core strategy: BTC treasury (~500k BTC held as of 2026 Q1). Funds continued BTC purchases via stock issuance and convertible notes, sustaining an mNAV premium flywheel. Executive Chairman: Michael Saylor.
Key risks
- BTC price collapse shrinking reserve value
- mNAV premium compression (constrained financing)
- Debt maturity pressure
- BTC accounting standard changes
03
📰 Recent filings
04
🧠 AI monthly briefing
This month's briefing is being prepared. Retail X will publish it after review.
05
📚 Deep reading
No deep articles linked yet. Quarterly deep dives from Retail X will appear here.
06
💼 Whale holdings (13F)
Guru-filtered 13F tracking ships with v1.5 (Day 90). Pro tier only.
07
💵 Fund-flow dashboard
Asset-specific flow metrics ship with v1.5 (Day 90). Pro tier only.
08
🔍 Master-reference AI
Ask 'What would Buffett say about this?' — cited excerpts from our curated master library. Ships with v2 (Day 180).
This page organizes public information through a value-investor lens. MoatDesk never recommends buying, selling, price targets, or position sizes.