Strategy says MSTR outperformed bitcoin across every rolling four-year holding period since the company adopted its treasury strategy. The comparison arrives as institutional ownership expands and Strategy holds 842,138 bitcoin after its third sale of 2026.
Key Takeaways
MSTR beat bitcoin across every rolling four-year period studied.Thirteen of the 15 largest institutional holders added shares.Strategy held 842,138 bitcoin after its third sale of 2026.Le stated:
“MSTR has outperformed BTC in every four-year holding period since adopting the bitcoin Strategy. This is by design and aligns with our long-term objective.”
Institutional Ownership Continues to ExpandThose positions contribute to broader indirect bitcoin exposure through mutual funds, pension plans, retirement accounts, and exchange-traded funds (ETFs) serving millions of investors.
Second-Quarter Results Show Strategy’s Capital-Market Scale Bitcoin Sales Intensify Debate Over Preferred FinancingCurrent obligations show how the company’s preferred securities can influence capital allocation even while it maintains a substantial bitcoin reserve. Preferred dividend payments are backed by a $3.75 billion reserve covering more than 2.1 years of dividends and interest. Strategy also authorized separate $1 billion repurchase programs for MSTR and its digital credit securities, while the MSTR program remained unused through July 26.
