Want to blow your mind with some MSTR math?

Bitcoin is $74,000.

Bitcoin appreciates at a 30% CAGR for 5 years.

Strategy now has 815,061 Bitcoin on the balance sheet.

At a 30% CAGR, Bitcoin would be about $274,757 in 5 years.

That gives Strategy a Bitcoin NAV of about $223.94 billion.

A 1% premium on that NAV would be worth $2.239 billion.

That’s correct.

1.01 mNAV = $2.239 billion in premium.

With a current annual dividend obligation of $1.489 billion, that means a 1% premium in 5 years covers about 1.50 years of today’s dividend obligation.

A 10% premium to net assets would be worth about $22.39 billion.

That is about 15.0 years of today’s dividend obligation.

And that’s using 815,061 BTC, not 1 million.

Now zoom out.

If Bitcoin compounds at 30% for 10 years, Bitcoin gets to about $1.02 million.

If Strategy gets to 1.5 million BTC on the balance sheet by then, that’s a Bitcoin NAV of about $1.53 trillion.

A 1% premium on that would be worth about $15.3 billion.

That alone would cover about 10.3 years of today’s dividend obligation.

Preferred equity inflows put constant upward pressure on Bitcoin per share, constant upward pressure on total Bitcoin holdings, and constant upward pressure on the scale of the premium machine.

If you are bearish MSTR, you either hate Bitcoin or you can’t do math.

There is no other position.

Strategy will be the most valuable company in the world.