Strategy (MicroStrategy) (MSTR) Bitcoin (BTC) Per-Share Metric Down 3.7% Year to Date

Strategy's per-share bitcoin metric fell 3.7% in 2026 even as its holdings rose to 848,517 BTC. The company's BPS and mNAV metrics differ, with BPS reflecting bitcoin holdings per share and mNAV comparing market value to net asset value. Investors track these to gauge leverage and valuation.