Strategy Intrinsic Value

What MSTR would be worth in liquidation after debts and preferred shares' liquidation preferences were paid off, this method essentially tracks MSTR's equity value. Computed daily across the Bitcoin Standard Era. Latest data: Jun 25, 2026.

Intrinsic Value (today)
$82.92
Shares Outstanding method
MSTR Close
$85.33
as of Jun 25, 2026
Premium / Discount
2.9%
trading above intrinsic
Method
Unit

Intrinsic Value over time

USD per share

Components of intrinsic value

Above zero adds to value (BTC, cash). Below zero subtracts (debt, preferreds). The vertical span between them is the numerator of the formula.

USD billions

Preferred liquidation by series — latest known

STRF
$1.28B
Jun 25, 2026
STRC
$10.49B
Jun 25, 2026
STRE*
$0.88B
Jun 25, 2026
STRK
$1.40B
Jun 25, 2026
STRD
$1.40B
Jun 25, 2026

* No public price data is available for STRE, so liquidation price is assumed at €100 per share converted at the prevailing EUR/USD exchange rate.

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