As Michael Saylor showed in a recent post, the strategy (previously micro-tactics) continues to double the Bitcoin-first model. The latest numbers clearly show how the approach plays behind the scenes.
According to the update, the company’s Bitcoin (BTC) yield so far this year was 15.5%, earning up to $7.2 billion from its BTC holdings alone.
Currently, the strategy holds 568,840 BTC, with the total position reaching approximately $58.9 billion. The company bought the Bitcoin at an average price of $69,287, but its current market price is up to $103,476, bringing its profits to nearly 50%.
Bitcoin currently accounts for more than half of the company’s $110.7 billion market capitalization, with a NAV multiple of 1.874, which means investors are clearly valuing more than the coin itself.
So far, the 15.5% BTC yield on $MSTR corresponds to an increase of $7.2 billion in BTC. pic.twitter.com/f2qkbtwmrm
– Michael Saylor (@saylor) May 13, 2025
Saylor’s post highlights what 2024 overall looks like from a performance standpoint. The strategy was that the full year BTC yield was 74.3%, earning 140,538 BTC per year, worth $13.1 billion. Each quarter, the company added another 21,530 BTC, or $2.2 billion. This indicates that the momentum is not slowing down.
But the real insight lies in how the company uses Bitcoin. This is more than just a passive bet for the price. Strategies use lending, structured strategies, and other financial tools to generate returns to deploy holdings to turn Bitcoin into a productive asset.
This is a model that goes beyond simply holding a coin and waiting. It’s about making Bitcoin work as part of a wider return engine.
