BITCOIN MILESTONES
The next milestone.
The Bitcoin behind each share.
When could ASST reach 50,000 Bitcoin? When could MSTR reach 1 million? Set a target, adjust the pace, and see what it means per share.
Build your scenario
Jul 31, 2026 → Oct 30, 2026. Loads average net BTC and share changes, including sales and zero-purchase periods.
Historical benchmark · repeated averagesPurchases minus sales. Adjust the slider or enter an exact amount.
Repeats this window’s average BTC purchases and share growth. This is a historical benchmark, not company guidance.
This history includes warrant exercises. The linked filing confirms no PIPE traditional warrants remained as of the date shown below. Repeating historical share growth is a scenario assumption; future common issuance and awards can still add shares.
Warrant update · Oct 13, 2026 ↗Advanced: changing buying pace
Changes the weekly net BTC pace at each monthly anniversary. It does not compound the Bitcoin already held.
Estimated arrival
About 3.9 weeks from the Oct 30, 2026 snapshot.
Bitcoin backing per share
Effective commonOct 30, 2026 snapshot
127,331,109 starting shares
At 50,000 BTC
140,164,430 projected shares
+5.3% projected change in gross BTC per share
Check current backing in the sats calculator ↗Starting: 43,124 BTC
Bitcoin holdings
Reported ScenarioSolid = disclosure-based snapshots, including labeled share estimates. Dashed = your assumptions. Target shown as a horizontal guide. Axis zooms to the displayed range.
Starting snapshot
43,124 BTC · 127,331,109 effective common shares · Oct 30, 2026
Class A + Class B common shares. Nonconvertible preferred shares are excluded.
How the estimate works
Start with disclosures. Holdings and matching share counts come from the existing company filing history. Pace defaults divide the net change by elapsed calendar weeks, including zero-purchase periods and sales. Windows use actual available snapshots; missing dates are not filled with invented transactions.
Keep holdings and shares connected. Future sats per share equals projected BTC × 100,000,000 ÷ projected shares. Manual mode uses your constant weekly share assumption. Funding mode converts BTC purchase dollars into new common and preferred shares at your net issue prices, then adds other share changes. Preferred shares do not enter the common or diluted denominator. The advanced control changes net BTC buying pace monthly. It does not add investment returns to existing Bitcoin.
Read this as a scenario. Projections start on the disclosure date, not today. Future points are estimates. Funding mode holds prices, the funding split and the preferred rate fixed; it assumes capital can be raised. Debt, reserves and funding for dividend payments are not modeled. Gross BTC per share does not deduct senior claims. One-time transactions can distort historical averages. Gross backing is not net equity value or redeemable Bitcoin.
The model stops at 10 years, 21 million BTC, or an invalid holdings/share-count boundary. Dates are approximate. A historical pace is not company guidance.