The yield side of crypto treasuries

Strategy MSTR

Treasury asset: Bitcoin · holdings 848,517 BTC as of 2026-10-18 (filing) · updated 2026-10-21 06:00 UTC · prices delayed

Company basics

Common price
$142.72
MSTR, Yahoo Finance (delayed), 2026-10-20 20:00 UTC; refreshed hourly
Basic shares outstanding
422,353,000
Class A 402,713,000 + Class B 19,640,000, as of 2026-10-18 (strategy.com/shares (issuer)) · source
Market cap
$60.28B
common price × basic shares
Treasury value
$70.08B
848,517 BTC × $82,593 (holdings as of 2026-10-18) · source
mNAV (equity-only)
0.86×
market cap ÷ treasury value; ignores debt, preferreds and cash
mNAV (enterprise value)
1.07×
(market cap + debt $6.71B + preferred notional $13.56B − cash $5.28B) ÷ treasury value; cash = USD Reserve $4.83B (2026-10-18) + USD Cash $447.3M (2026-10-18)
Preferred notional (total)
$13.56B
Σ shares out × stated amount (see table)
Total debt
$6.71B
Convertible notes principal, as of 2026-06-30 · source

Shares: Strategy's shares table (in thousands): Class A 402,713 + Class B 19,640 = Basic Shares Outstanding 422,353 as of 10/18/2026. Per its footnote 2, this includes shares sold under ATM programs or pending issuance (exercised options, vested RSUs, conversion requests) not yet issued; reported in thousands, so rounded to the nearest 1,000.

Last SEC-filed count: 384,225,751 as of 2026-07-24 (10-Q cover).

Prices refresh hourly on market days; share counts and debt update when new filings or issuer figures are added. The homepage commons cards show this same mNAV.

Preferreds

TickerPriceRateEff. yieldNext paymentShares outMarket valueNotional
STRC$98.7112.00%
variable
12.16%$0.50 on 2026-10-31 (declared)85,982,656
as of 2026-10-18
$8.49B$8.60B
STRF$102.8010.00%
fixed
9.73%$2.50 on 2026-12-31 (expected)12,839,689
as of 2026-06-30
$1.32B$1.28B
STRK$71.258.00%
fixed
11.23%$2.00 on 2026-12-31 (expected)14,020,744
as of 2026-06-30
$999.0M$1.40B
STRD$70.4010.00%
fixed
14.20%$2.50 on 2026-12-31 (expected)14,024,221
as of 2026-06-30
$987.3M$1.40B
STREno US quote10.00%
fixed (eur)
—€2.50 on 2026-12-31 (expected)7,750,000
as of 2026-06-30
—$870.0M
€ at EUR/USD

Prices delayed (Yahoo Finance). Effective yield = rate × stated amount ÷ price. Market value = price × shares out; notional = shares out × stated amount (STRE converted at the live EUR/USD). Each ticker links to its own page.

Coverage summary

STRC85,982,656 × $100 × 12.00%$1.03B
STRF12,839,689 × $100 × 10.00%$128.4M
STRK14,020,744 × $100 × 8.00%$112.2M
STRD14,024,221 × $100 × 10.00%$140.2M
STRE7,750,000 × €100 × 10.00%$87.0M
Annual pref. dividends
$1.50B
Treasury value
$70.08B
848,517 BTC × $82,593
Bitcoin coverage
46.7 yrs
BTC treasury value ÷ annual prefs (years, gross)
Breakeven BTC return
2.14%
per year
Cash coverage · two separate pools, shown side by side
USD Reserve coverage
39 months
$4.83B USD Reserve ÷ annual prefs (months), as of 2026-10-18
USD Cash coverage
4 months
$447.3M USD Cash ÷ annual prefs (months), as of 2026-10-18
Amplification
28.9%
prefs 19.3% + debt $6.71B
Amplification, prefs only
19.3%
preferred notional ÷ treasury value
Incl. convertible interest
$1.53B
+$34.6M interest/yr
Coverage incl. debt
45.7 yrs
breakeven 2.19%/yr
USD Reserve incl. interest
38 months
USD Cash incl. interest
3 months
10-Q: prefs + interest
$1.76B
as of 2026-06-30 and 2026-07-24

Bitcoin coverage, USD Reserve coverage and USD Cash coverage are separate measures — never added together. USD Cash per Oct 19 8-K (as of Oct 18). Separate from USD Reserve ($4.83B). Convertible principal and holder puts not modeled.

Coverage years use PrefWatch's computed annual preferred dividends (~$1.50B: current share counts × stated amount × rate, excluding interest). The 10-Q's $1.76B is an older company figure (as of Jun 30 / Jul 24, 2026, before later STRC buybacks) and includes convertible interest.

Same inputs and formulas as the homepage coverage cards: annual preferred dividends = shares × stated amount × rate (latest filings); treasury value = filed holdings × BTC price (CoinGecko, as of this build); amplification = (preferred notional + debt principal) ÷ treasury value.

Price stress test

%

Holdings, preferred dividends and debt are held fixed at the latest filings; only the BTC price moves. This shows the mechanics, not a forecast, and is not investment advice. Cash coverage does not depend on price and is unchanged.

Coverage history

Bitcoin coverage (years)

BTC holdings × that day's close ÷ annual preferred dividendsnow, at the live price
0200400600800Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 26STRKSTRFSTRDSTRCSTRE2025-02-09: 478,740 BTC × $96,500 close = $46.20B; preferred dividends $58.4M/yr → 791.1 yrs; amplification 17.3%2025-02-17: 478,740 BTC × $95,773 close = $45.85B; preferred dividends $58.4M/yr → 785.1 yrs; amplification 17.4%2025-02-23: 499,096 BTC × $96,274 close = $48.05B; preferred dividends $58.4M/yr → 822.8 yrs; amplification 20.8%2025-03-02: 499,096 BTC × $94,248 close = $47.04B; preferred dividends $58.4M/yr → 805.5 yrs; amplification 19.0%2025-03-09: 499,096 BTC × $80,601 close = $40.23B; preferred dividends $58.4M/yr → 688.8 yrs; amplification 22.2%2025-03-16: 499,226 BTC × $82,580 close = $41.23B; preferred dividends $59.4M/yr → 694.2 yrs; amplification 21.7%2025-03-23: 506,137 BTC × $86,054 close = $43.56B; preferred dividends $59.5M/yr → 732.2 yrs; amplification 20.6%2025-03-30: 528,185 BTC × $82,335 close = $43.49B; preferred dividends $146.2M/yr → 297.5 yrs; amplification 22.6%2025-03-31: 528,185 BTC × $82,549 close = $43.60B; preferred dividends $146.2M/yr → 298.2 yrs; amplification 22.5%2025-04-06: 528,185 BTC × $78,214 close = $41.31B; preferred dividends $146.2M/yr → 282.6 yrs; amplification 23.8%2025-04-13: 531,644 BTC × $83,685 close = $44.49B; preferred dividends $146.2M/yr → 304.3 yrs; amplification 22.1%2025-04-20: 538,200 BTC × $85,174 close = $45.84B; preferred dividends $146.9M/yr → 312.0 yrs; amplification 21.5%2025-04-27: 553,555 BTC × $93,755 close = $51.90B; preferred dividends $150.4M/yr → 345.1 yrs; amplification 19.0%2025-05-04: 555,450 BTC × $94,316 close = $52.39B; preferred dividends $155.0M/yr → 338.0 yrs; amplification 19.0%2025-05-11: 568,840 BTC × $104,106 close = $59.22B; preferred dividends $157.2M/yr → 376.7 yrs; amplification 16.8%2025-05-18: 576,230 BTC × $106,446 close = $61.34B; preferred dividends $162.2M/yr → 378.2 yrs; amplification 16.4%2025-05-25: 580,250 BTC × $109,035 close = $63.27B; preferred dividends $168.7M/yr → 375.1 yrs; amplification 16.0%2025-06-01: 580,955 BTC × $105,652 close = $61.38B; preferred dividends $175.2M/yr → 350.3 yrs; amplification 16.6%2025-06-08: 582,000 BTC × $105,794 close = $61.57B; preferred dividends $184.6M/yr → 333.6 yrs; amplification 16.7%2025-06-15: 592,100 BTC × $105,552 close = $62.50B; preferred dividends $308.7M/yr → 202.4 yrs; amplification 18.5%2025-06-22: 592,345 BTC × $100,987 close = $59.82B; preferred dividends $310.9M/yr → 192.4 yrs; amplification 19.3%2025-06-29: 597,325 BTC × $108,386 close = $64.74B; preferred dividends $315.9M/yr → 204.9 yrs; amplification 17.9%2025-06-30: 597,325 BTC × $107,135 close = $63.99B; preferred dividends $315.9M/yr → 202.6 yrs; amplification 18.1%2025-07-06: 597,325 BTC × $109,232 close = $65.25B; preferred dividends $315.9M/yr → 206.5 yrs; amplification 17.8%2025-07-13: 601,550 BTC × $119,116 close = $71.65B; preferred dividends $326.5M/yr → 219.4 yrs; amplification 16.4%2025-07-20: 607,770 BTC × $117,301 close = $71.29B; preferred dividends $326.9M/yr → 218.1 yrs; amplification 16.5%2025-07-27: 607,770 BTC × $119,448 close = $72.60B; preferred dividends $326.9M/yr → 222.1 yrs; amplification 16.2%2025-08-03: 628,791 BTC × $114,218 close = $71.82B; preferred dividends $579.0M/yr → 124.0 yrs; amplification 20.2%2025-08-10: 628,946 BTC × $119,307 close = $75.04B; preferred dividends $580.2M/yr → 129.3 yrs; amplification 19.4%2025-08-17: 629,376 BTC × $117,453 close = $73.92B; preferred dividends $584.6M/yr → 126.4 yrs; amplification 19.8%2025-08-24: 632,457 BTC × $113,458 close = $71.76B; preferred dividends $588.7M/yr → 121.9 yrs; amplification 20.4%2025-09-01: 636,505 BTC × $109,251 close = $69.54B; preferred dividends $620.8M/yr → 112.0 yrs; amplification 21.1%2025-09-07: 638,460 BTC × $111,168 close = $70.98B; preferred dividends $622.3M/yr → 114.0 yrs; amplification 20.7%2025-09-14: 638,985 BTC × $115,408 close = $73.74B; preferred dividends $628.9M/yr → 117.3 yrs; amplification 20.0%2025-09-21: 639,835 BTC × $115,306 close = $73.78B; preferred dividends $630.6M/yr → 117.0 yrs; amplification 20.1%2025-09-28: 640,031 BTC × $112,123 close = $71.76B; preferred dividends $631.7M/yr → 113.6 yrs; amplification 20.6%2025-09-30: 640,031 BTC × $114,056 close = $73.00B; preferred dividends $631.7M/yr → 115.6 yrs; amplification 20.3%2025-10-05: 640,031 BTC × $123,513 close = $79.05B; preferred dividends $638.7M/yr → 123.8 yrs; amplification 18.7%2025-10-12: 640,250 BTC × $115,170 close = $73.74B; preferred dividends $641.2M/yr → 115.0 yrs; amplification 20.1%2025-10-19: 640,418 BTC × $108,667 close = $69.59B; preferred dividends $643.0M/yr → 108.2 yrs; amplification 21.3%2025-10-26: 640,808 BTC × $114,472 close = $73.35B; preferred dividends $647.1M/yr → 113.4 yrs; amplification 20.3%2025-11-02: 641,205 BTC × $110,640 close = $70.94B; preferred dividends $655.6M/yr → 108.2 yrs; amplification 21.0%2025-11-09: 641,692 BTC × $104,720 close = $67.20B; preferred dividends $660.5M/yr → 101.7 yrs; amplification 22.3%2025-11-16: 649,870 BTC × $94,177 close = $61.20B; preferred dividends $764.9M/yr → 80.0 yrs; amplification 26.1%2025-11-30: 650,000 BTC × $90,394 close = $58.76B; preferred dividends $764.7M/yr → 76.8 yrs; amplification 27.2%2025-12-07: 660,624 BTC × $90,406 close = $59.72B; preferred dividends $776.8M/yr → 76.9 yrs; amplification 26.9%2025-12-14: 671,268 BTC × $88,175 close = $59.19B; preferred dividends $789.5M/yr → 75.0 yrs; amplification 27.3%2025-12-21: 671,268 BTC × $88,622 close = $59.49B; preferred dividends $789.4M/yr → 75.4 yrs; amplification 27.2%2025-12-28: 672,497 BTC × $87,836 close = $59.07B; preferred dividends $789.9M/yr → 74.8 yrs; amplification 27.4%2025-12-31: 672,500 BTC × $87,509 close = $58.85B; preferred dividends $789.6M/yr → 74.5 yrs; amplification 27.5%2026-01-04: 673,783 BTC × $91,413 close = $61.59B; preferred dividends $797.0M/yr → 77.3 yrs; amplification 26.2%2026-01-11: 687,410 BTC × $90,827 close = $62.44B; preferred dividends $809.4M/yr → 77.1 yrs; amplification 26.1%2026-01-19: 709,715 BTC × $92,554 close = $65.69B; preferred dividends $841.9M/yr → 78.0 yrs; amplification 25.2%2026-01-25: 712,647 BTC × $86,572 close = $61.70B; preferred dividends $843.6M/yr → 73.1 yrs; amplification 26.9%2026-02-01: 713,502 BTC × $76,974 close = $54.92B; preferred dividends $853.7M/yr → 64.3 yrs; amplification 30.2%2026-02-08: 714,644 BTC × $70,265 close = $50.21B; preferred dividends $852.3M/yr → 58.9 yrs; amplification 33.0%2026-02-16: 717,131 BTC × $68,843 close = $49.37B; preferred dividends $861.8M/yr → 57.3 yrs; amplification 33.8%2026-02-22: 717,722 BTC × $67,659 close = $48.56B; preferred dividends $861.0M/yr → 56.4 yrs; amplification 34.3%2026-03-01: 720,737 BTC × $65,738 close = $47.38B; preferred dividends $870.8M/yr → 54.4 yrs; amplification 35.2%2026-03-08: 738,731 BTC × $65,970 close = $48.73B; preferred dividends $912.7M/yr → 53.4 yrs; amplification 35.0%2026-03-15: 761,068 BTC × $72,790 close = $55.40B; preferred dividends $1.05B/yr → 52.9 yrs; amplification 32.9%2026-03-22: 762,099 BTC × $67,845 close = $51.70B; preferred dividends $1.05B/yr → 49.3 yrs; amplification 35.2%2026-03-29: 762,099 BTC × $65,955 close = $50.26B; preferred dividends $1.05B/yr → 48.0 yrs; amplification 36.2%2026-03-31: 762,099 BTC × $68,233 close = $52.00B; preferred dividends $1.07B/yr → 48.4 yrs; amplification 35.5%2026-04-05: 766,970 BTC × $68,982 close = $52.91B; preferred dividends $1.09B/yr → 48.7 yrs; amplification 35.1%2026-04-12: 780,897 BTC × $70,753 close = $55.25B; preferred dividends $1.20B/yr → 46.0 yrs; amplification 35.4%2026-04-19: 815,061 BTC × $73,856 close = $60.20B; preferred dividends $1.45B/yr → 41.4 yrs; amplification 36.1%2026-04-26: 818,334 BTC × $78,658 close = $64.37B; preferred dividends $1.45B/yr → 44.3 yrs; amplification 33.8%2026-05-03: 818,334 BTC × $78,538 close = $64.27B; preferred dividends $1.45B/yr → 44.2 yrs; amplification 33.8%2026-05-10: 818,869 BTC × $82,139 close = $67.26B; preferred dividends $1.45B/yr → 46.3 yrs; amplification 32.3%2026-05-17: 843,738 BTC × $77,429 close = $65.33B; preferred dividends $1.68B/yr → 39.0 yrs; amplification 36.3%2026-05-25: 843,738 BTC × $77,280 close = $65.20B; preferred dividends $1.68B/yr → 38.9 yrs; amplification 34.0%2026-05-31: 843,706 BTC × $73,580 close = $62.08B; preferred dividends $1.68B/yr → 37.0 yrs; amplification 35.8%2026-06-07: 845,256 BTC × $63,240 close = $53.45B; preferred dividends $1.68B/yr → 31.9 yrs; amplification 41.5%2026-06-14: 846,842 BTC × $65,710 close = $55.65B; preferred dividends $1.68B/yr → 33.2 yrs; amplification 39.9%2026-06-21: 847,363 BTC × $63,238 close = $53.59B; preferred dividends $1.68B/yr → 32.0 yrs; amplification 41.4%2026-06-28: 847,363 BTC × $59,532 close = $50.45B; preferred dividends $1.68B/yr → 30.1 yrs; amplification 44.0%2026-06-30: 846,000 BTC × $58,559 close = $49.54B; preferred dividends $1.68B/yr → 29.6 yrs; amplification 44.8%2026-07-05: 843,775 BTC × $63,548 close = $53.62B; preferred dividends $1.73B/yr → 31.0 yrs; amplification 41.4%2026-07-12: 843,775 BTC × $63,758 close = $53.80B; preferred dividends $1.73B/yr → 31.1 yrs; amplification 41.2%2026-07-19: 843,775 BTC × $64,691 close = $54.58B; preferred dividends $1.73B/yr → 31.6 yrs; amplification 40.6%2026-07-26: 843,775 BTC × $65,340 close = $55.13B; preferred dividends $1.72B/yr → 32.0 yrs; amplification 40.2%2026-08-02: 842,138 BTC × $63,482 close = $53.46B; preferred dividends $1.71B/yr → 31.2 yrs; amplification 41.3%2026-08-09: 840,447 BTC × $64,845 close = $54.50B; preferred dividends $1.70B/yr → 32.0 yrs; amplification 40.3%2026-08-16: 840,447 BTC × $62,819 close = $52.80B; preferred dividends $1.68B/yr → 31.4 yrs; amplification 41.3%2026-08-23: 840,447 BTC × $77,755 close = $65.35B; preferred dividends $1.67B/yr → 39.2 yrs; amplification 33.2%2026-08-30: 845,050 BTC × $77,668 close = $65.63B; preferred dividends $1.65B/yr → 39.8 yrs; amplification 32.8%2026-09-07: 845,050 BTC × $79,116 close = $66.86B; preferred dividends $1.63B/yr → 41.1 yrs; amplification 31.9%2026-09-13: 845,050 BTC × $76,838 close = $64.93B; preferred dividends $1.61B/yr → 40.3 yrs; amplification 32.6%2026-09-20: 846,000 BTC × $81,143 close = $68.65B; preferred dividends $1.59B/yr → 43.2 yrs; amplification 30.6%2026-09-27: 847,666 BTC × $84,458 close = $71.59B; preferred dividends $1.57B/yr → 45.6 yrs; amplification 29.1%2026-09-30: 847,666 BTC × $83,554 close = $70.83B; preferred dividends $1.56B/yr → 45.5 yrs; amplification 29.3%2026-10-04: 848,000 BTC × $86,480 close = $73.34B; preferred dividends $1.55B/yr → 47.4 yrs; amplification 28.2%2026-10-11: 848,250 BTC × $83,679 close = $70.98B; preferred dividends $1.52B/yr → 46.6 yrs; amplification 28.8%2026-10-18: 848,517 BTC × $82,018 close = $69.59B; preferred dividends $1.50B/yr → 46.4 yrs; amplification 29.1%now (live $82,593): 848,517 BTC, current preferreds → 46.7 yrs
1020501002005001000Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 26STRKSTRFSTRDSTRCSTRE2025-02-09: 478,740 BTC × $96,500 close = $46.20B; preferred dividends $58.4M/yr → 791.1 yrs; amplification 17.3%2025-02-17: 478,740 BTC × $95,773 close = $45.85B; preferred dividends $58.4M/yr → 785.1 yrs; amplification 17.4%2025-02-23: 499,096 BTC × $96,274 close = $48.05B; preferred dividends $58.4M/yr → 822.8 yrs; amplification 20.8%2025-03-02: 499,096 BTC × $94,248 close = $47.04B; preferred dividends $58.4M/yr → 805.5 yrs; amplification 19.0%2025-03-09: 499,096 BTC × $80,601 close = $40.23B; preferred dividends $58.4M/yr → 688.8 yrs; amplification 22.2%2025-03-16: 499,226 BTC × $82,580 close = $41.23B; preferred dividends $59.4M/yr → 694.2 yrs; amplification 21.7%2025-03-23: 506,137 BTC × $86,054 close = $43.56B; preferred dividends $59.5M/yr → 732.2 yrs; amplification 20.6%2025-03-30: 528,185 BTC × $82,335 close = $43.49B; preferred dividends $146.2M/yr → 297.5 yrs; amplification 22.6%2025-03-31: 528,185 BTC × $82,549 close = $43.60B; preferred dividends $146.2M/yr → 298.2 yrs; amplification 22.5%2025-04-06: 528,185 BTC × $78,214 close = $41.31B; preferred dividends $146.2M/yr → 282.6 yrs; amplification 23.8%2025-04-13: 531,644 BTC × $83,685 close = $44.49B; preferred dividends $146.2M/yr → 304.3 yrs; amplification 22.1%2025-04-20: 538,200 BTC × $85,174 close = $45.84B; preferred dividends $146.9M/yr → 312.0 yrs; amplification 21.5%2025-04-27: 553,555 BTC × $93,755 close = $51.90B; preferred dividends $150.4M/yr → 345.1 yrs; amplification 19.0%2025-05-04: 555,450 BTC × $94,316 close = $52.39B; preferred dividends $155.0M/yr → 338.0 yrs; amplification 19.0%2025-05-11: 568,840 BTC × $104,106 close = $59.22B; preferred dividends $157.2M/yr → 376.7 yrs; amplification 16.8%2025-05-18: 576,230 BTC × $106,446 close = $61.34B; preferred dividends $162.2M/yr → 378.2 yrs; amplification 16.4%2025-05-25: 580,250 BTC × $109,035 close = $63.27B; preferred dividends $168.7M/yr → 375.1 yrs; amplification 16.0%2025-06-01: 580,955 BTC × $105,652 close = $61.38B; preferred dividends $175.2M/yr → 350.3 yrs; amplification 16.6%2025-06-08: 582,000 BTC × $105,794 close = $61.57B; preferred dividends $184.6M/yr → 333.6 yrs; amplification 16.7%2025-06-15: 592,100 BTC × $105,552 close = $62.50B; preferred dividends $308.7M/yr → 202.4 yrs; amplification 18.5%2025-06-22: 592,345 BTC × $100,987 close = $59.82B; preferred dividends $310.9M/yr → 192.4 yrs; amplification 19.3%2025-06-29: 597,325 BTC × $108,386 close = $64.74B; preferred dividends $315.9M/yr → 204.9 yrs; amplification 17.9%2025-06-30: 597,325 BTC × $107,135 close = $63.99B; preferred dividends $315.9M/yr → 202.6 yrs; amplification 18.1%2025-07-06: 597,325 BTC × $109,232 close = $65.25B; preferred dividends $315.9M/yr → 206.5 yrs; amplification 17.8%2025-07-13: 601,550 BTC × $119,116 close = $71.65B; preferred dividends $326.5M/yr → 219.4 yrs; amplification 16.4%2025-07-20: 607,770 BTC × $117,301 close = $71.29B; preferred dividends $326.9M/yr → 218.1 yrs; amplification 16.5%2025-07-27: 607,770 BTC × $119,448 close = $72.60B; preferred dividends $326.9M/yr → 222.1 yrs; amplification 16.2%2025-08-03: 628,791 BTC × $114,218 close = $71.82B; preferred dividends $579.0M/yr → 124.0 yrs; amplification 20.2%2025-08-10: 628,946 BTC × $119,307 close = $75.04B; preferred dividends $580.2M/yr → 129.3 yrs; amplification 19.4%2025-08-17: 629,376 BTC × $117,453 close = $73.92B; preferred dividends $584.6M/yr → 126.4 yrs; amplification 19.8%2025-08-24: 632,457 BTC × $113,458 close = $71.76B; preferred dividends $588.7M/yr → 121.9 yrs; amplification 20.4%2025-09-01: 636,505 BTC × $109,251 close = $69.54B; preferred dividends $620.8M/yr → 112.0 yrs; amplification 21.1%2025-09-07: 638,460 BTC × $111,168 close = $70.98B; preferred dividends $622.3M/yr → 114.0 yrs; amplification 20.7%2025-09-14: 638,985 BTC × $115,408 close = $73.74B; preferred dividends $628.9M/yr → 117.3 yrs; amplification 20.0%2025-09-21: 639,835 BTC × $115,306 close = $73.78B; preferred dividends $630.6M/yr → 117.0 yrs; amplification 20.1%2025-09-28: 640,031 BTC × $112,123 close = $71.76B; preferred dividends $631.7M/yr → 113.6 yrs; amplification 20.6%2025-09-30: 640,031 BTC × $114,056 close = $73.00B; preferred dividends $631.7M/yr → 115.6 yrs; amplification 20.3%2025-10-05: 640,031 BTC × $123,513 close = $79.05B; preferred dividends $638.7M/yr → 123.8 yrs; amplification 18.7%2025-10-12: 640,250 BTC × $115,170 close = $73.74B; preferred dividends $641.2M/yr → 115.0 yrs; amplification 20.1%2025-10-19: 640,418 BTC × $108,667 close = $69.59B; preferred dividends $643.0M/yr → 108.2 yrs; amplification 21.3%2025-10-26: 640,808 BTC × $114,472 close = $73.35B; preferred dividends $647.1M/yr → 113.4 yrs; amplification 20.3%2025-11-02: 641,205 BTC × $110,640 close = $70.94B; preferred dividends $655.6M/yr → 108.2 yrs; amplification 21.0%2025-11-09: 641,692 BTC × $104,720 close = $67.20B; preferred dividends $660.5M/yr → 101.7 yrs; amplification 22.3%2025-11-16: 649,870 BTC × $94,177 close = $61.20B; preferred dividends $764.9M/yr → 80.0 yrs; amplification 26.1%2025-11-30: 650,000 BTC × $90,394 close = $58.76B; preferred dividends $764.7M/yr → 76.8 yrs; amplification 27.2%2025-12-07: 660,624 BTC × $90,406 close = $59.72B; preferred dividends $776.8M/yr → 76.9 yrs; amplification 26.9%2025-12-14: 671,268 BTC × $88,175 close = $59.19B; preferred dividends $789.5M/yr → 75.0 yrs; amplification 27.3%2025-12-21: 671,268 BTC × $88,622 close = $59.49B; preferred dividends $789.4M/yr → 75.4 yrs; amplification 27.2%2025-12-28: 672,497 BTC × $87,836 close = $59.07B; preferred dividends $789.9M/yr → 74.8 yrs; amplification 27.4%2025-12-31: 672,500 BTC × $87,509 close = $58.85B; preferred dividends $789.6M/yr → 74.5 yrs; amplification 27.5%2026-01-04: 673,783 BTC × $91,413 close = $61.59B; preferred dividends $797.0M/yr → 77.3 yrs; amplification 26.2%2026-01-11: 687,410 BTC × $90,827 close = $62.44B; preferred dividends $809.4M/yr → 77.1 yrs; amplification 26.1%2026-01-19: 709,715 BTC × $92,554 close = $65.69B; preferred dividends $841.9M/yr → 78.0 yrs; amplification 25.2%2026-01-25: 712,647 BTC × $86,572 close = $61.70B; preferred dividends $843.6M/yr → 73.1 yrs; amplification 26.9%2026-02-01: 713,502 BTC × $76,974 close = $54.92B; preferred dividends $853.7M/yr → 64.3 yrs; amplification 30.2%2026-02-08: 714,644 BTC × $70,265 close = $50.21B; preferred dividends $852.3M/yr → 58.9 yrs; amplification 33.0%2026-02-16: 717,131 BTC × $68,843 close = $49.37B; preferred dividends $861.8M/yr → 57.3 yrs; amplification 33.8%2026-02-22: 717,722 BTC × $67,659 close = $48.56B; preferred dividends $861.0M/yr → 56.4 yrs; amplification 34.3%2026-03-01: 720,737 BTC × $65,738 close = $47.38B; preferred dividends $870.8M/yr → 54.4 yrs; amplification 35.2%2026-03-08: 738,731 BTC × $65,970 close = $48.73B; preferred dividends $912.7M/yr → 53.4 yrs; amplification 35.0%2026-03-15: 761,068 BTC × $72,790 close = $55.40B; preferred dividends $1.05B/yr → 52.9 yrs; amplification 32.9%2026-03-22: 762,099 BTC × $67,845 close = $51.70B; preferred dividends $1.05B/yr → 49.3 yrs; amplification 35.2%2026-03-29: 762,099 BTC × $65,955 close = $50.26B; preferred dividends $1.05B/yr → 48.0 yrs; amplification 36.2%2026-03-31: 762,099 BTC × $68,233 close = $52.00B; preferred dividends $1.07B/yr → 48.4 yrs; amplification 35.5%2026-04-05: 766,970 BTC × $68,982 close = $52.91B; preferred dividends $1.09B/yr → 48.7 yrs; amplification 35.1%2026-04-12: 780,897 BTC × $70,753 close = $55.25B; preferred dividends $1.20B/yr → 46.0 yrs; amplification 35.4%2026-04-19: 815,061 BTC × $73,856 close = $60.20B; preferred dividends $1.45B/yr → 41.4 yrs; amplification 36.1%2026-04-26: 818,334 BTC × $78,658 close = $64.37B; preferred dividends $1.45B/yr → 44.3 yrs; amplification 33.8%2026-05-03: 818,334 BTC × $78,538 close = $64.27B; preferred dividends $1.45B/yr → 44.2 yrs; amplification 33.8%2026-05-10: 818,869 BTC × $82,139 close = $67.26B; preferred dividends $1.45B/yr → 46.3 yrs; amplification 32.3%2026-05-17: 843,738 BTC × $77,429 close = $65.33B; preferred dividends $1.68B/yr → 39.0 yrs; amplification 36.3%2026-05-25: 843,738 BTC × $77,280 close = $65.20B; preferred dividends $1.68B/yr → 38.9 yrs; amplification 34.0%2026-05-31: 843,706 BTC × $73,580 close = $62.08B; preferred dividends $1.68B/yr → 37.0 yrs; amplification 35.8%2026-06-07: 845,256 BTC × $63,240 close = $53.45B; preferred dividends $1.68B/yr → 31.9 yrs; amplification 41.5%2026-06-14: 846,842 BTC × $65,710 close = $55.65B; preferred dividends $1.68B/yr → 33.2 yrs; amplification 39.9%2026-06-21: 847,363 BTC × $63,238 close = $53.59B; preferred dividends $1.68B/yr → 32.0 yrs; amplification 41.4%2026-06-28: 847,363 BTC × $59,532 close = $50.45B; preferred dividends $1.68B/yr → 30.1 yrs; amplification 44.0%2026-06-30: 846,000 BTC × $58,559 close = $49.54B; preferred dividends $1.68B/yr → 29.6 yrs; amplification 44.8%2026-07-05: 843,775 BTC × $63,548 close = $53.62B; preferred dividends $1.73B/yr → 31.0 yrs; amplification 41.4%2026-07-12: 843,775 BTC × $63,758 close = $53.80B; preferred dividends $1.73B/yr → 31.1 yrs; amplification 41.2%2026-07-19: 843,775 BTC × $64,691 close = $54.58B; preferred dividends $1.73B/yr → 31.6 yrs; amplification 40.6%2026-07-26: 843,775 BTC × $65,340 close = $55.13B; preferred dividends $1.72B/yr → 32.0 yrs; amplification 40.2%2026-08-02: 842,138 BTC × $63,482 close = $53.46B; preferred dividends $1.71B/yr → 31.2 yrs; amplification 41.3%2026-08-09: 840,447 BTC × $64,845 close = $54.50B; preferred dividends $1.70B/yr → 32.0 yrs; amplification 40.3%2026-08-16: 840,447 BTC × $62,819 close = $52.80B; preferred dividends $1.68B/yr → 31.4 yrs; amplification 41.3%2026-08-23: 840,447 BTC × $77,755 close = $65.35B; preferred dividends $1.67B/yr → 39.2 yrs; amplification 33.2%2026-08-30: 845,050 BTC × $77,668 close = $65.63B; preferred dividends $1.65B/yr → 39.8 yrs; amplification 32.8%2026-09-07: 845,050 BTC × $79,116 close = $66.86B; preferred dividends $1.63B/yr → 41.1 yrs; amplification 31.9%2026-09-13: 845,050 BTC × $76,838 close = $64.93B; preferred dividends $1.61B/yr → 40.3 yrs; amplification 32.6%2026-09-20: 846,000 BTC × $81,143 close = $68.65B; preferred dividends $1.59B/yr → 43.2 yrs; amplification 30.6%2026-09-27: 847,666 BTC × $84,458 close = $71.59B; preferred dividends $1.57B/yr → 45.6 yrs; amplification 29.1%2026-09-30: 847,666 BTC × $83,554 close = $70.83B; preferred dividends $1.56B/yr → 45.5 yrs; amplification 29.3%2026-10-04: 848,000 BTC × $86,480 close = $73.34B; preferred dividends $1.55B/yr → 47.4 yrs; amplification 28.2%2026-10-11: 848,250 BTC × $83,679 close = $70.98B; preferred dividends $1.52B/yr → 46.6 yrs; amplification 28.8%2026-10-18: 848,517 BTC × $82,018 close = $69.59B; preferred dividends $1.50B/yr → 46.4 yrs; amplification 29.1%now (live $82,593): 848,517 BTC, current preferreds → 46.7 yrs

Cash coverage (months) · shown side by side, never added

USD ReserveUSD Cash
010203040Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 26STRKSTRFSTRDSTRCSTRE2025-12-01: USD Reserve $1.44B ÷ $772.1M/yr preferred dividends = 22 months2025-12-21: USD Reserve $2.19B ÷ $789.4M/yr preferred dividends = 33 months2025-12-31: USD Reserve $2.25B ÷ $789.6M/yr preferred dividends = 34 months2026-01-04: USD Reserve $2.25B ÷ $797.0M/yr preferred dividends = 34 months2026-02-13: USD Reserve $2.25B ÷ $853.0M/yr preferred dividends = 32 months2026-03-31: USD Reserve $2.14B ÷ $1.07B/yr preferred dividends = 24 months2026-05-25: USD Reserve $871.0M ÷ $1.68B/yr preferred dividends = 6 months2026-05-31: USD Reserve $900.0M ÷ $1.68B/yr preferred dividends = 6 months2026-06-07: USD Reserve $1.00B ÷ $1.68B/yr preferred dividends = 7 months2026-06-14: USD Reserve $1.10B ÷ $1.68B/yr preferred dividends = 8 months2026-06-21: USD Reserve $1.40B ÷ $1.68B/yr preferred dividends = 10 months2026-06-28: USD Reserve $2.55B ÷ $1.68B/yr preferred dividends = 18 months2026-06-30: USD Reserve $2.40B ÷ $1.68B/yr preferred dividends = 17 months2026-07-05: USD Reserve $2.55B ÷ $1.73B/yr preferred dividends = 18 months2026-07-12: USD Reserve $3.00B ÷ $1.73B/yr preferred dividends = 21 months2026-07-19: USD Reserve $3.23B ÷ $1.73B/yr preferred dividends = 22 months2026-07-26: USD Reserve $3.75B ÷ $1.72B/yr preferred dividends = 26 months2026-08-02: USD Reserve $4.00B ÷ $1.71B/yr preferred dividends = 28 months2026-08-09: USD Reserve $4.65B ÷ $1.70B/yr preferred dividends = 33 months2026-08-16: USD Reserve $4.80B ÷ $1.68B/yr preferred dividends = 34 months2026-08-30: USD Reserve $5.10B ÷ $1.65B/yr preferred dividends = 37 months2026-09-07: USD Reserve $5.10B ÷ $1.63B/yr preferred dividends = 38 months2026-09-13: USD Reserve $5.10B ÷ $1.61B/yr preferred dividends = 38 months2026-09-20: USD Reserve $5.04B ÷ $1.59B/yr preferred dividends = 38 months2026-09-27: USD Reserve $5.02B ÷ $1.57B/yr preferred dividends = 38 months2026-10-04: USD Reserve $4.88B ÷ $1.55B/yr preferred dividends = 38 months2026-10-11: USD Reserve $4.88B ÷ $1.52B/yr preferred dividends = 38 months2026-10-18: USD Reserve $4.83B ÷ $1.50B/yr preferred dividends = 39 months2026-08-30: USD Cash $1.61B ÷ $1.65B/yr preferred dividends = 12 months2026-09-07: USD Cash $1.44B ÷ $1.63B/yr preferred dividends = 11 months2026-09-13: USD Cash $1.30B ÷ $1.61B/yr preferred dividends = 10 months2026-09-20: USD Cash $1.05B ÷ $1.59B/yr preferred dividends = 8 months2026-09-27: USD Cash $1.00B ÷ $1.57B/yr preferred dividends = 8 months2026-10-04: USD Cash $833.4M ÷ $1.55B/yr preferred dividends = 6 months2026-10-11: USD Cash $640.5M ÷ $1.52B/yr preferred dividends = 5 months2026-10-18: USD Cash $447.3M ÷ $1.50B/yr preferred dividends = 4 months
125102050100Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 26STRKSTRFSTRDSTRCSTRE2025-12-01: USD Reserve $1.44B ÷ $772.1M/yr preferred dividends = 22 months2025-12-21: USD Reserve $2.19B ÷ $789.4M/yr preferred dividends = 33 months2025-12-31: USD Reserve $2.25B ÷ $789.6M/yr preferred dividends = 34 months2026-01-04: USD Reserve $2.25B ÷ $797.0M/yr preferred dividends = 34 months2026-02-13: USD Reserve $2.25B ÷ $853.0M/yr preferred dividends = 32 months2026-03-31: USD Reserve $2.14B ÷ $1.07B/yr preferred dividends = 24 months2026-05-25: USD Reserve $871.0M ÷ $1.68B/yr preferred dividends = 6 months2026-05-31: USD Reserve $900.0M ÷ $1.68B/yr preferred dividends = 6 months2026-06-07: USD Reserve $1.00B ÷ $1.68B/yr preferred dividends = 7 months2026-06-14: USD Reserve $1.10B ÷ $1.68B/yr preferred dividends = 8 months2026-06-21: USD Reserve $1.40B ÷ $1.68B/yr preferred dividends = 10 months2026-06-28: USD Reserve $2.55B ÷ $1.68B/yr preferred dividends = 18 months2026-06-30: USD Reserve $2.40B ÷ $1.68B/yr preferred dividends = 17 months2026-07-05: USD Reserve $2.55B ÷ $1.73B/yr preferred dividends = 18 months2026-07-12: USD Reserve $3.00B ÷ $1.73B/yr preferred dividends = 21 months2026-07-19: USD Reserve $3.23B ÷ $1.73B/yr preferred dividends = 22 months2026-07-26: USD Reserve $3.75B ÷ $1.72B/yr preferred dividends = 26 months2026-08-02: USD Reserve $4.00B ÷ $1.71B/yr preferred dividends = 28 months2026-08-09: USD Reserve $4.65B ÷ $1.70B/yr preferred dividends = 33 months2026-08-16: USD Reserve $4.80B ÷ $1.68B/yr preferred dividends = 34 months2026-08-30: USD Reserve $5.10B ÷ $1.65B/yr preferred dividends = 37 months2026-09-07: USD Reserve $5.10B ÷ $1.63B/yr preferred dividends = 38 months2026-09-13: USD Reserve $5.10B ÷ $1.61B/yr preferred dividends = 38 months2026-09-20: USD Reserve $5.04B ÷ $1.59B/yr preferred dividends = 38 months2026-09-27: USD Reserve $5.02B ÷ $1.57B/yr preferred dividends = 38 months2026-10-04: USD Reserve $4.88B ÷ $1.55B/yr preferred dividends = 38 months2026-10-11: USD Reserve $4.88B ÷ $1.52B/yr preferred dividends = 38 months2026-10-18: USD Reserve $4.83B ÷ $1.50B/yr preferred dividends = 39 months2026-08-30: USD Cash $1.61B ÷ $1.65B/yr preferred dividends = 12 months2026-09-07: USD Cash $1.44B ÷ $1.63B/yr preferred dividends = 11 months2026-09-13: USD Cash $1.30B ÷ $1.61B/yr preferred dividends = 10 months2026-09-20: USD Cash $1.05B ÷ $1.59B/yr preferred dividends = 8 months2026-09-27: USD Cash $1.00B ÷ $1.57B/yr preferred dividends = 8 months2026-10-04: USD Cash $833.4M ÷ $1.55B/yr preferred dividends = 6 months2026-10-11: USD Cash $640.5M ÷ $1.52B/yr preferred dividends = 5 months2026-10-18: USD Cash $447.3M ÷ $1.50B/yr preferred dividends = 4 months

Amplification (%)

(preferred notional + debt) ÷ treasurypreferreds only
0%10%20%30%40%Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 26STRKSTRFSTRDSTRCSTRE2025-02-02: 471,107 BTC × $97,689 close = $46.02B; preferred dividends $0.0M/yr (no preferreds yet); amplification 15.8%2025-02-09: 478,740 BTC × $96,500 close = $46.20B; preferred dividends $58.4M/yr → 791.1 yrs; amplification 17.3%2025-02-17: 478,740 BTC × $95,773 close = $45.85B; preferred dividends $58.4M/yr → 785.1 yrs; amplification 17.4%2025-02-23: 499,096 BTC × $96,274 close = $48.05B; preferred dividends $58.4M/yr → 822.8 yrs; amplification 20.8%2025-03-02: 499,096 BTC × $94,248 close = $47.04B; preferred dividends $58.4M/yr → 805.5 yrs; amplification 19.0%2025-03-09: 499,096 BTC × $80,601 close = $40.23B; preferred dividends $58.4M/yr → 688.8 yrs; amplification 22.2%2025-03-16: 499,226 BTC × $82,580 close = $41.23B; preferred dividends $59.4M/yr → 694.2 yrs; amplification 21.7%2025-03-23: 506,137 BTC × $86,054 close = $43.56B; preferred dividends $59.5M/yr → 732.2 yrs; amplification 20.6%2025-03-30: 528,185 BTC × $82,335 close = $43.49B; preferred dividends $146.2M/yr → 297.5 yrs; amplification 22.6%2025-03-31: 528,185 BTC × $82,549 close = $43.60B; preferred dividends $146.2M/yr → 298.2 yrs; amplification 22.5%2025-04-06: 528,185 BTC × $78,214 close = $41.31B; preferred dividends $146.2M/yr → 282.6 yrs; amplification 23.8%2025-04-13: 531,644 BTC × $83,685 close = $44.49B; preferred dividends $146.2M/yr → 304.3 yrs; amplification 22.1%2025-04-20: 538,200 BTC × $85,174 close = $45.84B; preferred dividends $146.9M/yr → 312.0 yrs; amplification 21.5%2025-04-27: 553,555 BTC × $93,755 close = $51.90B; preferred dividends $150.4M/yr → 345.1 yrs; amplification 19.0%2025-05-04: 555,450 BTC × $94,316 close = $52.39B; preferred dividends $155.0M/yr → 338.0 yrs; amplification 19.0%2025-05-11: 568,840 BTC × $104,106 close = $59.22B; preferred dividends $157.2M/yr → 376.7 yrs; amplification 16.8%2025-05-18: 576,230 BTC × $106,446 close = $61.34B; preferred dividends $162.2M/yr → 378.2 yrs; amplification 16.4%2025-05-25: 580,250 BTC × $109,035 close = $63.27B; preferred dividends $168.7M/yr → 375.1 yrs; amplification 16.0%2025-06-01: 580,955 BTC × $105,652 close = $61.38B; preferred dividends $175.2M/yr → 350.3 yrs; amplification 16.6%2025-06-08: 582,000 BTC × $105,794 close = $61.57B; preferred dividends $184.6M/yr → 333.6 yrs; amplification 16.7%2025-06-15: 592,100 BTC × $105,552 close = $62.50B; preferred dividends $308.7M/yr → 202.4 yrs; amplification 18.5%2025-06-22: 592,345 BTC × $100,987 close = $59.82B; preferred dividends $310.9M/yr → 192.4 yrs; amplification 19.3%2025-06-29: 597,325 BTC × $108,386 close = $64.74B; preferred dividends $315.9M/yr → 204.9 yrs; amplification 17.9%2025-06-30: 597,325 BTC × $107,135 close = $63.99B; preferred dividends $315.9M/yr → 202.6 yrs; amplification 18.1%2025-07-06: 597,325 BTC × $109,232 close = $65.25B; preferred dividends $315.9M/yr → 206.5 yrs; amplification 17.8%2025-07-13: 601,550 BTC × $119,116 close = $71.65B; preferred dividends $326.5M/yr → 219.4 yrs; amplification 16.4%2025-07-20: 607,770 BTC × $117,301 close = $71.29B; preferred dividends $326.9M/yr → 218.1 yrs; amplification 16.5%2025-07-27: 607,770 BTC × $119,448 close = $72.60B; preferred dividends $326.9M/yr → 222.1 yrs; amplification 16.2%2025-08-03: 628,791 BTC × $114,218 close = $71.82B; preferred dividends $579.0M/yr → 124.0 yrs; amplification 20.2%2025-08-10: 628,946 BTC × $119,307 close = $75.04B; preferred dividends $580.2M/yr → 129.3 yrs; amplification 19.4%2025-08-17: 629,376 BTC × $117,453 close = $73.92B; preferred dividends $584.6M/yr → 126.4 yrs; amplification 19.8%2025-08-24: 632,457 BTC × $113,458 close = $71.76B; preferred dividends $588.7M/yr → 121.9 yrs; amplification 20.4%2025-09-01: 636,505 BTC × $109,251 close = $69.54B; preferred dividends $620.8M/yr → 112.0 yrs; amplification 21.1%2025-09-07: 638,460 BTC × $111,168 close = $70.98B; preferred dividends $622.3M/yr → 114.0 yrs; amplification 20.7%2025-09-14: 638,985 BTC × $115,408 close = $73.74B; preferred dividends $628.9M/yr → 117.3 yrs; amplification 20.0%2025-09-21: 639,835 BTC × $115,306 close = $73.78B; preferred dividends $630.6M/yr → 117.0 yrs; amplification 20.1%2025-09-28: 640,031 BTC × $112,123 close = $71.76B; preferred dividends $631.7M/yr → 113.6 yrs; amplification 20.6%2025-09-30: 640,031 BTC × $114,056 close = $73.00B; preferred dividends $631.7M/yr → 115.6 yrs; amplification 20.3%2025-10-05: 640,031 BTC × $123,513 close = $79.05B; preferred dividends $638.7M/yr → 123.8 yrs; amplification 18.7%2025-10-12: 640,250 BTC × $115,170 close = $73.74B; preferred dividends $641.2M/yr → 115.0 yrs; amplification 20.1%2025-10-19: 640,418 BTC × $108,667 close = $69.59B; preferred dividends $643.0M/yr → 108.2 yrs; amplification 21.3%2025-10-26: 640,808 BTC × $114,472 close = $73.35B; preferred dividends $647.1M/yr → 113.4 yrs; amplification 20.3%2025-11-02: 641,205 BTC × $110,640 close = $70.94B; preferred dividends $655.6M/yr → 108.2 yrs; amplification 21.0%2025-11-09: 641,692 BTC × $104,720 close = $67.20B; preferred dividends $660.5M/yr → 101.7 yrs; amplification 22.3%2025-11-16: 649,870 BTC × $94,177 close = $61.20B; preferred dividends $764.9M/yr → 80.0 yrs; amplification 26.1%2025-11-30: 650,000 BTC × $90,394 close = $58.76B; preferred dividends $764.7M/yr → 76.8 yrs; amplification 27.2%2025-12-07: 660,624 BTC × $90,406 close = $59.72B; preferred dividends $776.8M/yr → 76.9 yrs; amplification 26.9%2025-12-14: 671,268 BTC × $88,175 close = $59.19B; preferred dividends $789.5M/yr → 75.0 yrs; amplification 27.3%2025-12-21: 671,268 BTC × $88,622 close = $59.49B; preferred dividends $789.4M/yr → 75.4 yrs; amplification 27.2%2025-12-28: 672,497 BTC × $87,836 close = $59.07B; preferred dividends $789.9M/yr → 74.8 yrs; amplification 27.4%2025-12-31: 672,500 BTC × $87,509 close = $58.85B; preferred dividends $789.6M/yr → 74.5 yrs; amplification 27.5%2026-01-04: 673,783 BTC × $91,413 close = $61.59B; preferred dividends $797.0M/yr → 77.3 yrs; amplification 26.2%2026-01-11: 687,410 BTC × $90,827 close = $62.44B; preferred dividends $809.4M/yr → 77.1 yrs; amplification 26.1%2026-01-19: 709,715 BTC × $92,554 close = $65.69B; preferred dividends $841.9M/yr → 78.0 yrs; amplification 25.2%2026-01-25: 712,647 BTC × $86,572 close = $61.70B; preferred dividends $843.6M/yr → 73.1 yrs; amplification 26.9%2026-02-01: 713,502 BTC × $76,974 close = $54.92B; preferred dividends $853.7M/yr → 64.3 yrs; amplification 30.2%2026-02-08: 714,644 BTC × $70,265 close = $50.21B; preferred dividends $852.3M/yr → 58.9 yrs; amplification 33.0%2026-02-16: 717,131 BTC × $68,843 close = $49.37B; preferred dividends $861.8M/yr → 57.3 yrs; amplification 33.8%2026-02-22: 717,722 BTC × $67,659 close = $48.56B; preferred dividends $861.0M/yr → 56.4 yrs; amplification 34.3%2026-03-01: 720,737 BTC × $65,738 close = $47.38B; preferred dividends $870.8M/yr → 54.4 yrs; amplification 35.2%2026-03-08: 738,731 BTC × $65,970 close = $48.73B; preferred dividends $912.7M/yr → 53.4 yrs; amplification 35.0%2026-03-15: 761,068 BTC × $72,790 close = $55.40B; preferred dividends $1.05B/yr → 52.9 yrs; amplification 32.9%2026-03-22: 762,099 BTC × $67,845 close = $51.70B; preferred dividends $1.05B/yr → 49.3 yrs; amplification 35.2%2026-03-29: 762,099 BTC × $65,955 close = $50.26B; preferred dividends $1.05B/yr → 48.0 yrs; amplification 36.2%2026-03-31: 762,099 BTC × $68,233 close = $52.00B; preferred dividends $1.07B/yr → 48.4 yrs; amplification 35.5%2026-04-05: 766,970 BTC × $68,982 close = $52.91B; preferred dividends $1.09B/yr → 48.7 yrs; amplification 35.1%2026-04-12: 780,897 BTC × $70,753 close = $55.25B; preferred dividends $1.20B/yr → 46.0 yrs; amplification 35.4%2026-04-19: 815,061 BTC × $73,856 close = $60.20B; preferred dividends $1.45B/yr → 41.4 yrs; amplification 36.1%2026-04-26: 818,334 BTC × $78,658 close = $64.37B; preferred dividends $1.45B/yr → 44.3 yrs; amplification 33.8%2026-05-03: 818,334 BTC × $78,538 close = $64.27B; preferred dividends $1.45B/yr → 44.2 yrs; amplification 33.8%2026-05-10: 818,869 BTC × $82,139 close = $67.26B; preferred dividends $1.45B/yr → 46.3 yrs; amplification 32.3%2026-05-17: 843,738 BTC × $77,429 close = $65.33B; preferred dividends $1.68B/yr → 39.0 yrs; amplification 36.3%2026-05-25: 843,738 BTC × $77,280 close = $65.20B; preferred dividends $1.68B/yr → 38.9 yrs; amplification 34.0%2026-05-31: 843,706 BTC × $73,580 close = $62.08B; preferred dividends $1.68B/yr → 37.0 yrs; amplification 35.8%2026-06-07: 845,256 BTC × $63,240 close = $53.45B; preferred dividends $1.68B/yr → 31.9 yrs; amplification 41.5%2026-06-14: 846,842 BTC × $65,710 close = $55.65B; preferred dividends $1.68B/yr → 33.2 yrs; amplification 39.9%2026-06-21: 847,363 BTC × $63,238 close = $53.59B; preferred dividends $1.68B/yr → 32.0 yrs; amplification 41.4%2026-06-28: 847,363 BTC × $59,532 close = $50.45B; preferred dividends $1.68B/yr → 30.1 yrs; amplification 44.0%2026-06-30: 846,000 BTC × $58,559 close = $49.54B; preferred dividends $1.68B/yr → 29.6 yrs; amplification 44.8%2026-07-05: 843,775 BTC × $63,548 close = $53.62B; preferred dividends $1.73B/yr → 31.0 yrs; amplification 41.4%2026-07-12: 843,775 BTC × $63,758 close = $53.80B; preferred dividends $1.73B/yr → 31.1 yrs; amplification 41.2%2026-07-19: 843,775 BTC × $64,691 close = $54.58B; preferred dividends $1.73B/yr → 31.6 yrs; amplification 40.6%2026-07-26: 843,775 BTC × $65,340 close = $55.13B; preferred dividends $1.72B/yr → 32.0 yrs; amplification 40.2%2026-08-02: 842,138 BTC × $63,482 close = $53.46B; preferred dividends $1.71B/yr → 31.2 yrs; amplification 41.3%2026-08-09: 840,447 BTC × $64,845 close = $54.50B; preferred dividends $1.70B/yr → 32.0 yrs; amplification 40.3%2026-08-16: 840,447 BTC × $62,819 close = $52.80B; preferred dividends $1.68B/yr → 31.4 yrs; amplification 41.3%2026-08-23: 840,447 BTC × $77,755 close = $65.35B; preferred dividends $1.67B/yr → 39.2 yrs; amplification 33.2%2026-08-30: 845,050 BTC × $77,668 close = $65.63B; preferred dividends $1.65B/yr → 39.8 yrs; amplification 32.8%2026-09-07: 845,050 BTC × $79,116 close = $66.86B; preferred dividends $1.63B/yr → 41.1 yrs; amplification 31.9%2026-09-13: 845,050 BTC × $76,838 close = $64.93B; preferred dividends $1.61B/yr → 40.3 yrs; amplification 32.6%2026-09-20: 846,000 BTC × $81,143 close = $68.65B; preferred dividends $1.59B/yr → 43.2 yrs; amplification 30.6%2026-09-27: 847,666 BTC × $84,458 close = $71.59B; preferred dividends $1.57B/yr → 45.6 yrs; amplification 29.1%2026-09-30: 847,666 BTC × $83,554 close = $70.83B; preferred dividends $1.56B/yr → 45.5 yrs; amplification 29.3%2026-10-04: 848,000 BTC × $86,480 close = $73.34B; preferred dividends $1.55B/yr → 47.4 yrs; amplification 28.2%2026-10-11: 848,250 BTC × $83,679 close = $70.98B; preferred dividends $1.52B/yr → 46.6 yrs; amplification 28.8%2026-10-18: 848,517 BTC × $82,018 close = $69.59B; preferred dividends $1.50B/yr → 46.4 yrs; amplification 29.1%2025-02-02: preferreds only 0.0%2025-02-09: preferreds only 1.6%2025-02-17: preferreds only 1.6%2025-02-23: preferreds only 1.5%2025-03-02: preferreds only 1.6%2025-03-09: preferreds only 1.8%2025-03-16: preferreds only 1.8%2025-03-23: preferreds only 1.7%2025-03-30: preferreds only 3.7%2025-03-31: preferreds only 3.7%2025-04-06: preferreds only 3.9%2025-04-13: preferreds only 3.6%2025-04-20: preferreds only 3.5%2025-04-27: preferreds only 3.2%2025-05-04: preferreds only 3.3%2025-05-11: preferreds only 3.0%2025-05-18: preferreds only 3.0%2025-05-25: preferreds only 3.0%2025-06-01: preferreds only 3.2%2025-06-08: preferreds only 3.4%2025-06-15: preferreds only 5.3%2025-06-22: preferreds only 5.6%2025-06-29: preferreds only 5.3%2025-06-30: preferreds only 5.3%2025-07-06: preferreds only 5.2%2025-07-13: preferreds only 4.9%2025-07-20: preferreds only 4.9%2025-07-27: preferreds only 4.9%2025-08-03: preferreds only 8.8%2025-08-10: preferreds only 8.4%2025-08-17: preferreds only 8.6%2025-08-24: preferreds only 9.0%2025-09-01: preferreds only 9.3%2025-09-07: preferreds only 9.2%2025-09-14: preferreds only 8.9%2025-09-21: preferreds only 8.9%2025-09-28: preferreds only 9.2%2025-09-30: preferreds only 9.0%2025-10-05: preferreds only 8.3%2025-10-12: preferreds only 9.0%2025-10-19: preferreds only 9.5%2025-10-26: preferreds only 9.1%2025-11-02: preferreds only 9.4%2025-11-09: preferreds only 10.0%2025-11-16: preferreds only 12.7%2025-11-30: preferreds only 13.2%2025-12-07: preferreds only 13.1%2025-12-14: preferreds only 13.4%2025-12-21: preferreds only 13.4%2025-12-28: preferreds only 13.5%2025-12-31: preferreds only 13.5%2026-01-04: preferreds only 12.9%2026-01-11: preferreds only 12.9%2026-01-19: preferreds only 12.7%2026-01-25: preferreds only 13.6%2026-02-01: preferreds only 15.3%2026-02-08: preferreds only 16.7%2026-02-16: preferreds only 17.1%2026-02-22: preferreds only 17.4%2026-03-01: preferreds only 17.9%2026-03-08: preferreds only 18.1%2026-03-15: preferreds only 18.1%2026-03-22: preferreds only 19.4%2026-03-29: preferreds only 19.9%2026-03-31: preferreds only 19.7%2026-04-05: preferreds only 19.5%2026-04-12: preferreds only 20.5%2026-04-19: preferreds only 22.5%2026-04-26: preferreds only 21.0%2026-05-03: preferreds only 21.1%2026-05-10: preferreds only 20.1%2026-05-17: preferreds only 23.7%2026-05-25: preferreds only 23.7%2026-05-31: preferreds only 24.9%2026-06-07: preferreds only 28.9%2026-06-14: preferreds only 27.8%2026-06-21: preferreds only 28.9%2026-06-28: preferreds only 30.6%2026-06-30: preferreds only 31.2%2026-07-05: preferreds only 28.8%2026-07-12: preferreds only 28.7%2026-07-19: preferreds only 28.3%2026-07-26: preferreds only 28.0%2026-08-02: preferreds only 28.7%2026-08-09: preferreds only 28.0%2026-08-16: preferreds only 28.6%2026-08-23: preferreds only 22.9%2026-08-30: preferreds only 22.6%2026-09-07: preferreds only 21.9%2026-09-13: preferreds only 22.3%2026-09-20: preferreds only 20.8%2026-09-27: preferreds only 19.7%2026-09-30: preferreds only 19.8%2026-10-04: preferreds only 19.0%2026-10-11: preferreds only 19.4%2026-10-18: preferreds only 19.5%now (live price): 28.9%

96 dated points, 2025-02-02 to 2026-10-18, each from an SEC filing (8-K/10-Q/10-K or exhibit press release). Nothing is interpolated: lines just join filed points. BTC prices: Yahoo Finance daily closes (UTC day, BTC-USD) on each filing's as-of date; STRE converted at that day's EUR/USD close. Dashed vertical lines mark when each preferred was first issued. Dividend rates are those in effect on each date. Preferred shares at each date = IPO closings + ATM sales - repurchases reported in each weekly 8-K (trade-date basis). Reconciles exactly to the share counts in the 10-Qs/10-K at Jun 30 2025, Sep 30 2025, Dec 31 2025 and Jun 30 2026; at Mar 31 2026 it is 2,275,972 STRC higher because shares sold Mar 30-31 had not yet settled. Debt = convertible notes principal (excludes ~$40M other secured debt), stepped at filed events.

Data points and sources (96 + 36 cash)
As ofHoldingsPreferred sharesCoverage (yrs)Amplification
2026-10-18848,517 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 85,982,656, STRE 7,750,00046.4129.13%filing
2026-10-11848,250 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 87,921,436, STRE 7,750,00046.6228.83%filing
2026-10-04848,000 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 89,853,581, STRE 7,750,00047.4328.17%filing
2026-09-30847,666 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 90,594,215, STRE 7,750,00045.5329.28%filing
2026-09-27847,666 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 91,627,383, STRE 7,750,00045.6429.12%filing
2026-09-20846,000 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 93,161,913, STRE 7,750,00043.2430.6%filing
2026-09-13845,050 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 94,933,151, STRE 7,750,00040.3332.64%filing
2026-09-07845,050 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 96,353,618, STRE 7,750,00041.0931.92%filing
2026-08-30845,050 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 98,164,503, STRE 7,750,00039.8132.78%filing
2026-08-23840,447 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 99,721,680, STRE 7,750,00039.1833.18%filing
2026-08-16840,447 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 101,152,892, STRE 7,750,00031.3541.32%filing
2026-08-09840,447 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 102,541,612, STRE 7,750,00032.0440.28%filing
2026-08-02842,138 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 103,693,632, STRE 7,750,00031.1841.28%filing
2026-07-26843,775 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,605,775, STRE 7,750,00031.9740.17%filing
2026-07-19843,775 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00031.5940.63%filing
2026-07-12843,775 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00031.1341.22%filing
2026-07-05843,775 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00031.0341.36%filing
2026-06-30846,000 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00029.5744.76%filing
2026-06-28847,363 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00030.1143.96%filing
2026-06-21847,363 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00031.9741.39%filing
2026-06-14846,842 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00033.1839.88%filing
2026-06-07845,256 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00031.8941.5%filing
2026-05-31843,706 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00037.0135.75%filing
2026-05-25843,738 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00038.8734.04%filing
2026-05-17843,738 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 104,894,705, STRE 7,750,00038.9536.26%filing
2026-05-10818,869 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 85,374,904, STRE 7,750,00046.2632.34%filing
2026-05-03818,334 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 85,373,492, STRE 7,750,00044.2233.84%filing
2026-04-26818,334 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 85,373,492, STRE 7,750,00044.2933.78%filing
2026-04-19815,061 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 85,373,492, STRE 7,750,00041.4136.13%filing
2026-04-12780,897 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 63,578,103, STRE 7,750,00045.9535.41%filing
2026-04-05766,970 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 53,549,740, STRE 7,750,00048.7335.06%filing
2026-03-31762,099 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 52,522,485, STRE 7,750,00048.3935.48%filing
2026-03-29762,099 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 50,246,513, STRE 7,750,00047.9836.24%filing
2026-03-22762,099 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 50,246,513, STRE 7,750,00049.3235.25%filing
2026-03-15761,068 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 50,246,513, STRE 7,750,00052.8632.89%filing
2026-03-08738,731 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 38,428,046, STRE 7,750,00053.434.97%filing
2026-03-01720,737 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 34,651,841, STRE 7,750,00054.4135.21%filing
2026-02-22717,722 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 34,580,251, STRE 7,750,00056.434.33%filing
2026-02-16717,131 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 34,580,251, STRE 7,750,00057.2933.79%filing
2026-02-08714,644 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 33,794,897, STRE 7,750,00058.9233.05%filing
2026-02-01713,502 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 33,794,897, STRE 7,750,00064.3330.24%filing
2026-01-25712,647 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 33,794,897, STRE 7,750,00073.1326.89%filing
2026-01-19709,715 BTCSTRK 14,020,744, STRF 12,839,689, STRD 14,024,221, STRC 33,724,696, STRE 7,750,00078.0225.23%filing
2026-01-11687,410 BTCSTRK 13,981,948, STRF 12,839,689, STRD 14,024,221, STRC 30,779,325, STRE 7,750,00077.1426.07%filing
2026-01-04673,783 BTCSTRK 13,981,948, STRF 12,839,689, STRD 14,024,221, STRC 29,587,063, STRE 7,750,00077.2826.25%filing
2025-12-31672,500 BTCSTRK 13,981,948, STRF 12,839,689, STRD 14,024,221, STRC 29,587,063, STRE 7,750,00074.5327.47%filing
2025-12-28672,497 BTCSTRK 13,981,948, STRF 12,839,689, STRD 14,024,221, STRC 29,587,063, STRE 7,750,00074.7827.38%filing
2025-12-21671,268 BTCSTRK 13,981,948, STRF 12,839,689, STRD 14,024,221, STRC 29,587,063, STRE 7,750,00075.3627.17%filing
2025-12-14671,268 BTCSTRK 13,981,948, STRF 12,839,689, STRD 14,024,221, STRC 29,587,063, STRE 7,750,00074.9727.31%filing
2025-12-07660,624 BTCSTRK 13,974,912, STRF 12,676,383, STRD 12,995,019, STRC 29,587,063, STRE 7,750,00076.8826.86%filing
2025-11-30650,000 BTCSTRK 13,974,912, STRF 12,676,383, STRD 12,552,483, STRC 29,587,063, STRE 7,750,00076.8427.22%filing
2025-11-16649,870 BTCSTRK 13,974,912, STRF 12,676,383, STRD 12,552,483, STRC 29,587,063, STRE 7,750,00080.0126.13%filing
2025-11-09641,692 BTCSTRK 13,969,399, STRF 12,636,426, STRD 12,552,483, STRC 28,273,422101.7422.26%filing
2025-11-02641,205 BTCSTRK 13,918,518, STRF 12,470,812, STRD 12,539,683, STRC 28,011,111108.2221.01%filing
2025-10-26640,808 BTCSTRK 13,869,144, STRF 12,394,795, STRD 12,510,618, STRC 28,011,111113.3620.3%filing
2025-10-19640,418 BTCSTRK 13,677,740, STRF 12,219,161, STRD 12,423,156, STRC 28,011,111108.2421.33%filing
2025-10-12640,250 BTCSTRK 13,622,739, STRF 12,118,955, STRD 12,390,916, STRC 28,011,111115.020.11%filing
2025-10-05640,031 BTCSTRK 13,605,866, STRF 11,948,292, STRD 12,322,141, STRC 28,011,111123.7818.72%filing
2025-09-30640,031 BTCSTRK 13,605,866, STRF 11,948,292, STRD 12,322,141, STRC 28,011,111115.5720.28%filing
2025-09-28640,031 BTCSTRK 13,605,866, STRF 11,948,292, STRD 12,322,141, STRC 28,011,111113.6120.63%filing
2025-09-21639,835 BTCSTRK 13,605,866, STRF 11,846,579, STRD 12,317,141, STRC 28,011,111117.020.05%filing
2025-09-14638,985 BTCSTRK 13,605,866, STRF 11,672,745, STRD 12,317,141, STRC 28,011,111117.2720.03%filing
2025-09-07638,460 BTCSTRK 13,424,638, STRF 11,370,242, STRD 12,108,966, STRC 28,011,111114.0520.72%filing
2025-09-01636,505 BTCSTRK 13,370,080, STRF 11,265,861, STRD 12,108,966, STRC 28,011,111112.0121.12%filing
2025-08-24632,457 BTCSTRK 13,170,571, STRF 11,027,930, STRD 12,095,993, STRC 28,011,111121.8920.41%filing
2025-08-17629,376 BTCSTRK 12,960,471, STRF 10,790,594, STRD 12,095,049, STRC 28,011,111126.4419.75%filing
2025-08-10628,946 BTCSTRK 12,780,784, STRF 10,627,924, STRD 11,954,260, STRC 28,011,111129.3419.39%filing
2025-08-03628,791 BTCSTRK 12,780,784, STRF 10,512,755, STRD 11,954,260, STRC 28,011,111124.0420.24%filing
2025-07-27607,770 BTCSTRK 12,780,784, STRF 10,512,755, STRD 11,954,260222.0716.17%filing
2025-07-20607,770 BTCSTRK 12,780,784, STRF 10,512,755, STRD 11,954,260218.0716.47%filing
2025-07-13601,550 BTCSTRK 12,775,343, STRF 10,510,755, STRD 11,922,978219.4316.38%filing
2025-07-06597,325 BTCSTRK 12,201,367, STRF 10,066,750, STRD 11,764,700206.5317.8%filing
2025-06-30597,325 BTCSTRK 12,201,367, STRF 10,066,750, STRD 11,764,700202.5618.15%filing
2025-06-29597,325 BTCSTRK 12,201,367, STRF 10,066,750, STRD 11,764,700204.9317.94%filing
2025-06-22592,345 BTCSTRK 11,925,296, STRF 9,782,525, STRD 11,764,700192.4219.33%filing
2025-06-15592,100 BTCSTRK 11,758,730, STRF 9,698,171, STRD 11,764,700202.4518.46%filing
2025-06-08582,000 BTCSTRK 11,306,243, STRF 9,412,070333.616.7%filing
2025-06-01580,955 BTCSTRK 10,679,604, STRF 8,979,391350.2816.58%filing
2025-05-25580,250 BTCSTRK 10,326,093, STRF 8,604,423375.1415.97%filing
2025-05-18576,230 BTCSTRK 9,647,123, STRF 8,500,000378.2116.35%filing
2025-05-11568,840 BTCSTRK 9,025,568, STRF 8,500,000376.7116.83%filing
2025-05-04555,450 BTCSTRK 8,751,581, STRF 8,500,000337.9618.97%filing
2025-04-27553,555 BTCSTRK 8,176,189, STRF 8,500,000345.0519.04%filing
2025-04-20538,200 BTCSTRK 7,741,120, STRF 8,500,000311.9921.46%filing
2025-04-13531,644 BTCSTRK 7,649,907, STRF 8,500,000304.3122.09%filing
2025-04-06528,185 BTCSTRK 7,649,907, STRF 8,500,000282.5723.79%filing
2025-03-31528,185 BTCSTRK 7,649,907, STRF 8,500,000298.2322.54%filing
2025-03-30528,185 BTCSTRK 7,649,907, STRF 8,500,000297.4622.6%filing
2025-03-23506,137 BTCSTRK 7,436,100732.1620.57%filing
2025-03-16499,226 BTCSTRK 7,423,000694.2321.72%filing
2025-03-09499,096 BTCSTRK 7,300,000688.8322.23%filing
2025-03-02499,096 BTCSTRK 7,300,000805.4619.01%filing
2025-02-23499,096 BTCSTRK 7,300,000822.7720.8%filing
2025-02-17478,740 BTCSTRK 7,300,000785.1117.43%filing
2025-02-09478,740 BTCSTRK 7,300,000791.0717.3%filing
2025-02-02471,107 BTCnone—15.78%filing
As ofPoolBalanceCoverage
2026-10-18USD Reserve$4.83B39 mofiling
2026-10-18USD Cash$447.3M4 mofiling
2026-10-11USD Reserve$4.88B38 mofiling
2026-10-11USD Cash$640.5M5 mofiling
2026-10-04USD Reserve$4.88B38 mofiling
2026-10-04USD Cash$833.4M6 mofiling
2026-09-27USD Reserve$5.02B38 mofiling
2026-09-27USD Cash$1.00B8 mofiling
2026-09-20USD Reserve$5.04B38 mofiling
2026-09-20USD Cash$1.05B8 mofiling
2026-09-13USD Reserve$5.10B38 mofiling
2026-09-13USD Cash$1.30B10 mofiling
2026-09-07USD Reserve$5.10B38 mofiling
2026-09-07USD Cash$1.44B11 mofiling
2026-08-30USD Reserve$5.10B37 mofiling
2026-08-30USD Cash$1.61B12 mofiling
2026-08-16USD Reserve$4.80B34 mofiling
2026-08-09USD Reserve$4.65B33 mofiling
2026-08-02USD Reserve$4.00B28 mofiling
2026-07-26USD Reserve$3.75B26 mofiling
2026-07-19USD Reserve$3.23B22 mofiling
2026-07-12USD Reserve$3.00B21 mofiling
2026-07-05USD Reserve$2.55B18 mofiling
2026-06-30USD Reserve$2.40B17 mofiling
2026-06-28USD Reserve$2.55B18 mofiling
2026-06-21USD Reserve$1.40B10 mofiling
2026-06-14USD Reserve$1.10B8 mofiling
2026-06-07USD Reserve$1.00B7 mofiling
2026-05-31USD Reserve$900.0M6 mofiling
2026-05-25USD Reserve$871.0M6 mofiling
2026-03-31USD Reserve$2.14B24 mofiling
2026-02-13USD Reserve$2.25B32 mofiling
2026-01-04USD Reserve$2.25B34 mofiling
2025-12-31USD Reserve$2.25B34 mofiling
2025-12-21USD Reserve$2.19B33 mofiling
2025-12-01USD Reserve$1.44B22 mofiling

Machine-readable: history.json

Sources

Prices: Yahoo Finance (delayed). BTC: CoinGecko. Holdings, shares, cash and debt: issuer SEC filings and press releases. History: history.json. PrefWatch is independent and not affiliated with any issuer. Not investment advice.

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