TOOL

MSTR Projection

Two inputs decide the answer: where Bitcoin goes, and what premium the market pays for it. Most trackers hold them together. This one will not let you.

The price of MSTR is not the price of Bitcoin. It is BTC per share × BTC price × the premium to net asset value, and the three move independently. Set the BTC path and the premium path separately and the table shows which leg is carrying your target.

percent a year. The 12-year realised rate is about 54%, against a sample ending 9 September 2026.
1.0 means the equity is worth exactly its coins. It trades below that now.
BTC-per-share growth, applied only while the premium is above 1.15. Below that, issuing shares dilutes.
years forward from the marks below.
MSTR now
NAV / share
Premium now
MSTR at horizon
Multiple on today

SOLVE BACKWARDS

For MSTR of at the horizon, on the premium above, BTC must be:
BTC required
Multiple of today
Implied BTC CAGR
Network value
vs 12y realised
This is a calculator, not a recommendation. It does arithmetic on numbers you choose. It does not forecast, it holds no view on any input, and it is not investment advice. The constants behind it come from company filings and change; check the as-of date before using any output. See Terms.

MacroTape publishes macroeconomic analysis and market commentary for information and education only. Nothing published here is financial, investment, legal or tax advice, or a personal recommendation, and no author is a registered investment adviser. Calls, Levels and invalidation points are analytical views about how a market mechanism works, not instructions to trade. Readers act on their own responsibility and carry their own losses.