MicroStrategy Bitcoin Stash Doubles, MSTR Stock Sinks 39%, Here’s Why?
The post MicroStrategy Bitcoin Stash Doubles, MSTR Stock Sinks 39%, Here’s Why? appeared on BitcoinEthereumNews.com.
Key Insights: MicroStrategy doubled its Bitcoin holdings to 636,505. Bitcoin is up 19% since the November 2024 peak. MSTR stock slipped 39% despite BTC per share gains. MicroStrategy (MSTR) stock has quietly diverged from its Bitcoin Treasury strategy. In late August, the company’s shares slid to four-month lows even as Bitcoin continued to climb. This split is striking: since its November 2024 peak, MicroStrategy has vastly grown its BTC stash, yet MSTR is trading well below those highs. For example, MicroStrategy held only 252,220 Bitcoin at the end of Q3 2024, when its stock last topped out. By mid-2025, the firm’s holdings had swelled to over 630,000 BTC, roughly 2.5× larger. MicroStrategy Stock Yearly Chart | Source: Yahoo Finance In other words, each share now represents much more Bitcoin than it did at the prior peak. BTC’s price also rose significantly in this period, meaning MicroStrategy’s digital assets are worth far more, even as the MSTR stock trades 39% below its all-time share-price high. Record Bitcoin Accumulation Outpaces MicroStrategy Stock Decline MicroStrategy has funded this accumulation by tapping the capital markets. Since late 2024, the company has issued tens of millions of new shares to raise roughly $28 billion for BTC purchases. Crucially, almost all proceeds were plowed into the Treasury, not operations. The result: the dilution has been accretive in bitcoin-per-share terms. MicroStrategy’s own metrics confirm this. Its “BTC Yield” KPI, defined as the percent change in BTC holdings per (diluted) share, has climbed to 25%. It reflects that each share now corresponds to significantly more BTC than before. In plain terms, every new share raised enabled the purchase of roughly the same amount of Bitcoin or more, so the net BTC-per-share ratio actually rose. Analyst commentary echoes this, that issuing equity at a time of high BTC premiums effectively…
Filed under: News - @ September 5, 2025 7:29 am