Where Strategy ranks
Public companies hold 1,285,045 BTC in aggregate ($81.32B), about 6.12% of Bitcoin's circulating supply. Strategy accounts for 65.7% of that.
Does the coverage lead the buying?
Perception tracks how Strategy's media narrative moves against its capital position, showing whether sentiment shifts before the balance sheet does. The full narrative-vs-capital overlay, media coverage, and per-outlet sentiment for Strategy live inside Perception.
Holdings and cost basis from CoinGecko public treasury data. Current value and P&L computed at the live BTC price. Source: Perception Treasury Tracker.
Strategy (MSTR) Bitcoin Treasury
Strategy is the #1 largest public-company Bitcoin holder tracked by Perception, with 843,775 BTC worth approximately $53.40B. Its average cost basis is $75,476 per Bitcoin, putting the position at an unrealized loss of $10.29B at current prices.
Beyond the balance sheet, Perception tracks Strategy's media coverage and sentiment across 1,000+ curated sources, connecting corporate Bitcoin strategy to the narrative around it. Explore the full Bitcoin treasury leaderboard or track Strategy in real time on the Perception dashboard.