Strategy Launches MSTR-BTC Dashboard Unifying Bitcoin Reserves, Valuation, and Yield Metrics
Key Takeaways
- •Strategy has launched an MSTR-BTC dashboard that consolidates previously dispersed Bitcoin treasury and capital structure metrics into a single accessible interface.
- •The dashboard reports total holdings of 843,775 BTC valued at approximately $54.88 billion based on a reference Bitcoin price of $65,035.
- •Strategy's year-to-date BTC Yield stands at 5.8%, corresponding to a BTC Gain of 39,325 BTC worth approximately $2.56 billion.
- •The company's mNAV ratio is 1.00x, indicating its market capitalization is roughly aligned with the value of its underlying Bitcoin holdings at the reference price.
- •The gap between gross reserves of $58.1 billion and net reserves of $35.88 billion reflects Strategy's use of debt instruments, including convertible senior notes, to finance portions of its Bitcoin acquisitions.

Strategy has launched a new MSTR-BTC dashboard that consolidates the company's Bitcoin treasury data into a single framework. The dashboard reports holdings of 843,775 BTC valued at approximately $54.88 billion, based on a Bitcoin price of $65,035, along with $35.88 billion in net reserves, a year-to-date BTC Yield of 5.8%, and a BTC Gain of $2.56 billion. Strategy, formerly known as MicroStrategy, began accumulating Bitcoin in August 2020 and has since become the largest public corporate holder of the asset, using a combination of equity issuances, convertible debt, and excess cash to fund its ongoing purchases.
Michael Saylor, Strategy's founder and executive chairman, announced the tool, stating that it provides an integrated view of the company's balance sheet and capital structure. The dashboard brings together gross and net reserves, per-share economics, valuation, duration, floor, breakeven, hurdle, yield, and gain into one accessible interface. For analysts and shareholders who previously had to reconstruct these figures from separate earnings filings and disclosures, the dashboard consolidates them into a real-time resource.
One integrated view of Strategy's Bitcoin balance sheet and capital structure. The MSTR-BTC dashboard brings gross and net reserves, per-share economics, valuation, duration, floor, breakeven, hurdle, yield, and gain into a single framework. Live at . pic.twitter.com/ZWZWaG5JM5 — Michael Saylor (@saylor) July 24, 2026
Dashboard Tracks Strategy's Bitcoin Holdings
According to Wu Blockchain, the MSTR-BTC dashboard displays Strategy's total Bitcoin holdings at 843,775 BTC. At a reference Bitcoin price of $65,035, the holdings carry a valuation of approximately $54.88 billion, reinforcing Strategy's position as one of the largest public corporate holders of Bitcoin.
Strategy Launches MSTR-BTC Dashboard as Bitcoin Holdings Reach 843,775 BTC Strategy founder and executive chairman Michael Saylor announced the launch of the MSTR-BTC dashboard, which consolidates the company's Bitcoin holdings and capital structure metrics. The dashboard shows… pic.twitter.com/I0QJac7eeT — Wu Blockchain (@WuBlockchain) July 24, 2026
The dashboard also reports gross reserves of $58.1 billion and net reserves of $35.88 billion. These reserve figures allow users to compare Strategy's Bitcoin assets against related capital structure components, offering a more complete picture of the company's treasury position. The gap between gross and net reserves reflects Strategy's use of debt instruments, including convertible senior notes, to finance portions of its Bitcoin acquisitions.
Valuation Metrics Add Balance Sheet Context
Wu Blockchain reported that Strategy's mNAV, a metric comparing the company's market value with the value of its underlying Bitcoin-related assets, stands at 1.00x. Saylor noted that the dashboard also includes per-share economics, duration, floor, breakeven, and hurdle data — figures that allow investors to evaluate Strategy's Bitcoin strategy through multiple analytical lenses. Strategy's stock has historically traded at both premiums and discounts to its net asset value, and the mNAV ratio provides a standardized way to track that relationship. At 1.00x, the metric indicates that the company's market capitalization is roughly in line with the value of its Bitcoin holdings at the reference price.
Previously, these metrics were dispersed across separate sources. The new dashboard presents them in one location, which is relevant because Strategy's market value is frequently assessed in relation to its BTC holdings, with investors often comparing share performance against Bitcoin's price movements.
BTC Yield and Gain Remain Key Metrics
Strategy's year-to-date BTC Yield stands at 5.8%, according to dashboard data cited by Wu Blockchain. BTC Yield is one of the company's preferred performance measures, tracking how its Bitcoin position changes relative to its share structure. Strategy adopted BTC Yield as a key performance indicator to quantify the accretive effect of its capital-raising and Bitcoin acquisition strategy on a per-share basis.
That 5.8% year-to-date BTC Yield corresponds to a BTC Gain of 39,325 BTC. At the reported Bitcoin price, this gain is valued at approximately $2.56 billion. The dashboard also includes gain and hurdle metrics, providing additional data points on the company's Bitcoin treasury approach.
Future updates to the dashboard may reflect how reserves, valuation, and BTC Yield shift in response to market price changes and any additional Bitcoin purchases or capital-raising activity.