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MSTR Spot

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In plain English

This is the stock price of Strategy (ticker MSTR), not the coins in the vault. The company holds a lot of bitcoin and also runs a software business, financed with stock, converts, and preferreds.

The line starts at the July 2020 bitcoin-treasury announcement. The stock can move on bitcoin, on issuance, on the premium to the coins, and on ordinary equity mood — all at once.

Math and metrics

Yahoo MSTR daily close, clipped to 2020-07-28. USD/share. Split-adjusted as Yahoo charts it. Not total return (dividends negligible). Dilution is not in this line — see BTC / Share.

y_t = MSTR close_t, t ≥ 2020-07-28.