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Strategy Inc.'s Bitcoin holdings shape MSTR shares but debt and share issuance affect shareholder value.

Market News
20 Oct 2026
Tokenpost
View Source
Neutral
Strategy Inc.'s Bitcoin holdings shape MSTR shares but debt and share issuance affect shareholder value.

Strategy Inc., formerly MicroStrategy, holds 848,517 Bitcoin purchased at an average cost of $75,446 each, making Bitcoin its main treasury asset. However, MSTR shares represent ownership in the company, which includes debt, preferred stock, and a software business, meaning shareholders do not directly own the Bitcoin or have rights to withdraw it. The company finances Bitcoin purchases partly through share sales and manages financial obligations like preferred dividends and debt interest. Recent transactions show that while Bitcoin holdings grow, new shares dilute per-share Bitcoin exposure, affecting MSTR stock value independently of Bitcoin's price. Strategy reported a large unrealized loss on Bitcoin in Q2 2025 but remains committed to Bitcoin as its treasury reserve asset.

Strategy Inc.'s Bitcoin treasury totals 848,517 coins at an average cost of $75,446 each, shaping shareholder exposure to the company’s assets. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 21, 2026 09:31 WIB: out of 50 major cryptocurrencies, 42 rose and 7 fell. Notable movers include ENJ (Enjin Coin) up 4.17% at Rp505 with a typical hold time of 105 days and a Pluang order activity of 36% Sell / 64% Buy, COTI up 4.06% at Rp204 with 67% Sell / 33% Buy, and UNI (Uniswap) up 3.96% at Rp136,044 with 59% Sell / 41% Buy.

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