The numbers
MicroStrategy (MSTR) is currently trading at a price/sales (P/S) ratio of 94.02X, reflecting the company’s aggressive strategy in the digital asset space. As of mid-March 2026, MSTR holds approximately 738,731 bitcoins, a figure that has recently increased following the addition of 22,337 bitcoins last week, bringing total holdings to 761,068 bitcoins.
The company’s average purchase price for Bitcoin stands at $75,696 per coin. This substantial investment in Bitcoin underlines MSTR’s commitment to its digital asset strategy, which has positioned it as a distinctive player in the digital asset ecosystem, combining a large Bitcoin treasury strategy with an established enterprise analytics software business.
MSTR’s shares have risen 8.6% in the past month, reflecting positive market sentiment. The company generated about $25.3 billion in capital through digital credit instruments in 2025, showcasing its ability to leverage its Bitcoin holdings effectively.
In the fourth quarter, MSTR reported total revenues of $123.0 million, which is a 1.9% increase year over year. This growth is indicative of the company’s resilience and adaptability in a fluctuating market.
Looking ahead, MSTR’s earnings estimate for Q2 2026 is projected at $65.09 per share, a significant increase from $14.86 per share over the past 60 days. This upward revision in earnings estimates suggests that analysts are optimistic about MSTR’s financial performance in the near future.
Despite these positive indicators, MSTR’s last close at $139.67 sits well below the most followed narrative fair value of $663. This discrepancy raises questions about the market’s valuation of the stock relative to its underlying assets.
Details remain unconfirmed regarding the exact impact of MSTR’s aggressive capital strategy on future stock performance. As the company continues to navigate the complexities of the digital asset landscape, observers will be closely monitoring its next moves and the broader implications for MSTR stock.
