October 16–23: BTC +16.79%; effective common shares +2.63%. Effective BTC/share +13.80%; AFDS BTC/share +13.87%.
The Bitcoin Treasury Scoreboard
Compare Bitcoin per share, its growth, and the premium you pay.
Latest filingsMSTRSTRC buybacksASST+6,182 BTCSWCAwaiting updateView breakdownBTC/share leaderboard
How to read the numbersWeek of Oct 26, 2026 · Latest weekly updates ranked first
| Company | |||
|---|---|---|---|
| 1$ASSTStrive | 33,771Effective common · Oct 23 | +13.80%Oct 16–23, 2026 | —Loading… |
| Effective common · Oct 16–23, 2026 | |||
| 2$MSTRStrategy | 187,752ADSO · Oct 25 | -0.00%Oct 18–25, 2026 | —Loading… |
| ADSO · Oct 18–25, 2026 | |||
| Other reporting periods | |||
| $SWCThe Smarter Web Company | 768Issuer diluted · BTC Oct 23 · shares Oct 22 | +2.41%Sep 30–Oct 23, 2026Nonweekly | —Loading… |
| Issuer diluted · Sep 30–Oct 23, 2026 BTC Oct 23 · shares Oct 22 | |||
| $MPJPYMetaplanet | 2,933effective diluted · Sep 30 | +11.30%Q3 through Sep 30, 2026Nonweekly | —Loading… |
| effective diluted · Q3 through Sep 30, 2026 | |||
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Sources & methodology
BTC/share represents Bitcoin held divided by the applicable share count. Whole numbers use satoshis (100 million = 1 Bitcoin). ASST uses effective common shares, MSTR uses ADSO, Metaplanet uses effective diluted shares, and SWC uses its issuer-diluted method by default. These methods and reporting periods differ. Sats/share uses the displayed snapshot dates; a percentage change measures its own stated reporting period. SWC combines October 23 BTC with the latest October 22 share count; its +2.41% change is issuer-reported QTD growth from September 30, not a weekly return. SWC mNAV and CEBE are unavailable pending verified GBP pricing and capital inputs.
BTC/share change ranks comparable weekly changes in the newest Monday–Sunday publication round. Weekly comparisons span 6–8 days, must end within seven days of publication and within three days of the newest period in that round. Older, nonweekly and unavailable comparisons remain visible without a weekly rank. The round follows the latest available disclosures, not the current calendar week. Changing the sats/share or mNAV calculation does not change the reported percentage.
Gross mNAV uses stock market value divided by Bitcoin holdings at the available Bitcoin price. Net mNAV uses the CEBE model after debt and preferred claims, with cash added back; it is unavailable for nonpositive net backing. Company figures come from dated disclosures; market values load separately and may be delayed or unavailable. Open a company for its sources and calculation details.
BTC/share guide · mNAV guide
Strategy Puts Preferreds First for Bitcoin Buying. Tokenization Could Expand the Market.
Strategy puts preferred stock first for Bitcoin accumulation. What the MSTR ATM, STRC recovery and tokenization mean for common shareholders.

Strategy Shareholders Approve Daily Dividends as STRC Nears $100
Daily payments could help STRC trade more steadily near $100, supporting preferred-funded Bitcoin purchases with less reliance on the MSTR common-share ATM.

Strategy Spends $205M on STRC Buybacks as Bitcoin Buying Pauses
Strategy repurchased $204.9M of STRC and paused Bitcoin purchases and common ATM sales. The buyback removes $24.8M in annualized dividends at the current 12% rate.

Strive’s Bitcoin per Share Jumps 13.8% as SATS Capital Arrives
Strive added 6,182 BTC and grew effective Bitcoin per share 13.8%. SATS capital is on the balance sheet, with a new $1B ATM and larger preferred claims.
Latest treasury operations
Newest reporting period firstStrategy $MSTR →
No Bitcoin purchases reported for this period. 848,517 BTC held.
BTC/share change: -0.00% · Oct 18, 2026 – Oct 25, 2026
Strive $ASST →
Added 6,182 BTC. 43,000 BTC held.
BTC/share change: +13.8% · Oct 16, 2026 – Oct 23, 2026
The Smarter Web Company $SWC →
Bought 20 BTC for £1.23M, taking holdings to 2,850 BTC. Issuer-diluted backing is 768.50 sats/share after the latest ordinary ATM sales; reported QTD BTC Yield is +2.41%.
Read the details →BTC/share change: +2.4% · Sep 30, 2026 – Oct 23, 2026
Metaplanet $MPJPY →
Sold 10,000 BTC and purchased 11,000 BTC in Q3: a net addition of 1,000 BTC, taking holdings to 44,000.
Read the details →BTC/share change: +11.3% · Q3 to Sep 30, 2026
Bitcoin treasury financing & calculators
Estimate preferred income →
Model STRC, SATA or SATS dividend income and yield on your purchase cost.
Your portfolio’s Bitcoin backing →
Add direct BTC and treasury-stock positions, with gross and net backing shown separately.
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See CEBE, senior claims and net sats per $100 for Strategy and Strive, with dated inputs and optional STRC investment offsets.
Explore STRC →
Understand Strategy’s preferred stock, dividends, and role in Bitcoin financing.
Explore SATA →
See how Strive’s preferred stock supports its Bitcoin treasury strategy.
Estimate a treasury stock price →
Explore MSTR and ASST price scenarios, solve for a target, and compare returns with Bitcoin.