All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

MSTR vs. BTC: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Growth of $10,000

Wed 2024-07-31💬 to Fri 2026-09-25 Overall
Return
Exponential
Trendline
MSTR
×
−7.96%
−3.78%/yr
−35.88%/yr
R2=0.318
MicroStrategy Incorporated NASDAQ Common Stock
BTC
×
+20.26%
+8.95%/yr
−7.38%/yr
R2=0.045
Grayscale Bitcoin Mini Trust (BTC) Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2024-07-31💬 to Fri 2026-09-25 Start
Value
End
Value
MSTR
×
$10,000.00
2024-07-31
$9,203.91
2026-09-25
BTC
×
$10,000.00
2024-07-31
$12,025.79
2026-09-25

This Year’s Performance

through 2026-09-25

  YTD YoY
MSTR
×
+0.75% −48.99%
BTC
×
−7.40% −25.79%

Drawdowns

  Current
Drawdown
Worst
Drawdown
MSTR
×
−68.54%
on 2026-09-25
from 2024-11-20 peak
−83.59%
on 2026-06-26
from 2024-11-20 peak
BTC
×
−35.32%
on 2026-09-25
from 2025-10-06 peak
−54.59%
on 2026-06-30
from 2025-10-06 peak

Rolling Returns

Period ending Fri 2026-09-25 1 yr 2 yr 3 yr 5 yr 10 yr
MSTR
×
−48.99% −1.99%
−1.00%/yr
+343.66%
+64.32%/yr
+116.08%
+16.66%/yr
+563.58%
+20.83%/yr
BTC
×
−25.79% +24.60%
+11.62%/yr
— — —

Annual Returns

Year MSTR BTC
2026 (YTD) +0.75% −7.40%
2025 −48.90% −9.91%
2024 +345.69% +44.15%
2023 +331.70% —
2022 −75.58% —
2021 +30.92% —
2020 +168.76% —
2019 +9.15% —
2018 −4.52% —
2017 −34.86% —
2016 +7.87% —
2015 +9.60% —
2014 +29.73% —
2013 +31.08% —
2012 −15.26% —
2011 +23.08% —
2010 −10.43% —
2009 +146.51% —
2008 −60.99% —
2007 −19.87% —
2006 +34.52% —
2005 +32.66% —
2004 +11.19% —
2003 +241.14% —
2002 −61.69% —
2001 −60.09% —
2000 −91.25% —
1999 +549.24% —
1998 +48.18% —