MSTR MNAV (Modified Net Asset Value) represents MicroStrategy's Bitcoin holdings value divided by shares outstanding. It shows the underlying Bitcoin value per MSTR share.

How do I calculate MSTR premium or discount?

MSTR premium/discount = ((MSTR Stock Price - Bitcoin NAV per Share) / Bitcoin NAV per Share) × 100. Positive values indicate a premium, negative values indicate a discount.

Why does MSTR trade at a premium to Bitcoin?

MSTR often trades at a premium during Bitcoin bull markets due to leverage, tax considerations, easier access for traditional investors, and market sentiment about Bitcoin exposure.

How often does MicroStrategy buy more Bitcoin?

MicroStrategy regularly adds Bitcoin through various financing methods including debt offerings, stock sales, and cash flow. Holdings change frequently, affecting MNAV calculations.

Is MSTR a good Bitcoin investment alternative?

MSTR provides leveraged Bitcoin exposure through traditional markets but trades with higher volatility, premiums/discounts, and different tax implications compared to direct Bitcoin ownership. Always consult a financial advisor.

⚡ CRYPTO FLASH REPORT

Bitcoin, Ethereum & DeFi News Before the Pump - MSTR MNAV Calculator

📊 Data Sources: Live MSTR stock prices and Bitcoin prices from financial APIs. Bitcoin holdings estimated from latest available data (June 2025: ~582,000 BTC). For most current holdings, check Saylortracker.com. Calculator attempts to fetch live holdings when APIs are available.

📊 MSTR MNAV Calculator

Analyze MicroStrategy's Bitcoin Premium/Discount vs Net Asset Value

📈 MSTR Stock Price

Live market price

₿ Bitcoin Price

Live market price

🏦 Bitcoin Holdings

582,000

BTC (Est. current)

📊 Shares Outstanding

195.0M

Diluted shares (Est.)

🔧 Manual Input / Scenario Analysis

MSTR Stock Price ($)

Bitcoin Price ($)

Bitcoin Holdings

Shares Outstanding (M)

📊 MNAV Analysis Results

Click Calculate to see results

Bitcoin NAV per Share

$0.00

Total Bitcoin Value

$0.00

Premium/Discount

0.00%

Market Cap

$0.00

Bitcoin Exposure

0.00x

Implied BTC Price

$0.00

📖 How MSTR MNAV Works

Modified NAV: MicroStrategy's Bitcoin holdings value divided by shares outstanding
Premium: When MSTR trades above Bitcoin NAV (red indicator)
Discount: When MSTR trades below Bitcoin NAV (green indicator)
Bitcoin Exposure: How much Bitcoin exposure you get per $1 invested in MSTR
Implied BTC Price: What Bitcoin price would justify current MSTR valuation
Data Freshness: Holdings data is critical - MicroStrategy buys Bitcoin regularly, changing the MNAV calculation significantly

⚡ Key Insights

MSTR often trades at a premium during Bitcoin bull markets
The premium reflects market sentiment and Bitcoin leverage
MicroStrategy adds Bitcoin through various financing methods
Consider volatility - MSTR typically moves 2-3x Bitcoin's percentage moves
Tax implications differ from direct Bitcoin ownership

⚠️ Important Disclaimer

Not Financial Advice: This MSTR MNAV calculator is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. MicroStrategy (MSTR) and Bitcoin investments are highly volatile and risky. Always consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.