BTCperShare

Bitcoin backing

See the Bitcoin backing represented by your shares.

Total Bitcoin backing

Strategy · ADSO

0.187752 BTC

Bitcoin backing, not BTC you own or can redeem.

Sats per share
187,752
Snapshot as of
Oct 25, 2026

Basis, dates & sources

100 MSTR shares · ADSO · 18,775,200 total sats of backing.

ADSO includes the company’s reported diluted share adjustments.

Company snapshot source ↗Additional company data ↗Additional company data ↗
Optional growth scenarios

Explore hypothetical BTC-per-share growth in the 1 BTC planner using this position.

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HISTORICAL BACKING

Same shares. Changing Bitcoin backing.

100 MSTR shares · ADSO · Split-adjusted

Through Oct 25, 2026
Dec 31, 20200.056598 BTCStarting gross backing
Oct 25, 20260.187752 BTCEnding gross backing
Over this period+231.7%BTC per share
BTC represented by the same 100 shares52 reported observations

Steps connect reported snapshots. Ranges look back from the latest disclosure; the first available report in that window is the starting point.

Share the change.Export this period with the same share count and basis.

Exact historical values & methodology

Uses a fixed, split-adjusted share count where applicable. It does not model purchases, investment returns or daily changes between disclosures. History availability varies by basis. Gross backing excludes debt and preferred claims.

DateSats/shareTotal BTC backing
Dec 31, 202056,5980.056598
Dec 31, 202183,3530.083353
Dec 31, 202284,8740.084874
Dec 31, 202391,0970.091097
Dec 31, 2024158,8260.158826
Dec 31, 2025194,985.7490.19498575
Jan 5, 2026194,942.3090.19494231
Jan 12, 2026195,173.820.19517382
Jan 20, 2026195,726.2150.19572622
Jan 26, 2026195,689.1370.19568914
Feb 2, 2026195,563.0470.19556305
Feb 9, 2026195,545.90.1955459
Feb 17, 2026195,876.4210.19587642
Feb 23, 2026195,874.6680.19587467
Mar 2, 2026195,770.520.19577052
Mar 9, 2026197,254.7840.19725478
Mar 16, 2026201,692.9030.2016929
Mar 23, 2026201,695.1310.20169513
Mar 31, 2026201,169.6420.20116964
Apr 6, 2026202,140.080.20214008
Apr 13, 2026205,811.7190.20581172
Apr 20, 2026213,597.1260.21359713
Apr 27, 2026213,644.1480.21364415
May 4, 2026213,370.6360.21337064
May 11, 2026213,391.0630.21339106
May 18, 2026219,626.7790.21962678
May 26, 2026220,900.4230.22090042
Jun 1, 2026220,429.2030.2204292
Jun 8, 2026220,015.8690.22001587
Jun 15, 2026219,359.5680.21935957
Jun 22, 2026218,045.7880.21804579
Jun 29, 2026211,157.1290.21115713
Jun 30, 2026210,8240.210824
Jul 6, 2026210,263.5470.21026355
Jul 13, 2026207,775.690.20777569
Jul 20, 2026206,387.7410.20638774
Jul 24, 2026203,682.9620.20368296
Aug 3, 2026201,821.8510.20182185
Aug 10, 2026198,288.7810.19828878
Aug 17, 2026196,684.1250.19668412
Aug 24, 2026188,627.5440.18862754
Aug 30, 2026187,7510.187751
Aug 31, 2026187,751.3390.18775134
Sep 7, 2026187,7390.187739
Sep 8, 2026187,738.5730.18773857
Sep 13, 2026187,7420.187742
Sep 20, 2026187,9550.187955
Sep 27, 2026187,7120.187712
Oct 4, 2026187,7480.187748
Oct 11, 2026187,7500.18775
Oct 18, 2026187,7530.187753
Oct 25, 2026187,7520.187752
How Bitcoin backing is calculated

What this number means

Shares × sats per share ÷ 100,000,000 = BTC equivalent. Current SWC calculations retain the full holdings/share-count ratio; other gross calculations use the displayed sats/share precision. CEBE uses the full net sats/share calculation; the display is rounded. Every result uses your selected basis.

Gross BTC/share does not subtract debt or preferred claims. Explore net backing with CEBE →

Data behind the result

Historical values come from the site’s filing ledger, with Strategy’s official history for MSTR ADSO and sampled issuer chart observations for SWC diluted history. SWC’s older chart observations are rounded to whole sats/share. Missing values are not replaced with another share basis.

Company snapshot source ↗Additional company data ↗Additional company data ↗

Analytical backing measure. Not a stock-price target or financial advice.

What does the Bitcoin equivalent mean?

A hypothetical position of 100 shares at 10,000 sats per share represents 1,000,000 sats, or 0.01 BTC of gross backing. Changing the share basis can change that result. This is an analytical comparison; holding stock does not give you the right to redeem the company’s Bitcoin.

See the Bitcoin-per-share formula and share-basis definitions →