Strategy Intrinsic Value
What MSTR would be worth in liquidation after debts and preferred shares' liquidation preferences were paid off, this method essentially tracks MSTR's equity value. Computed daily across the Bitcoin Standard Era. Latest data: May 22, 2026.
Intrinsic Value (today)
$128.70
Shares Outstanding method
MSTR Close
$159.89
as of May 22, 2026
Premium / Discount
24.2%
trading above intrinsic
Method
Intrinsic Value over time
USD per shareComponents of intrinsic value
Above zero adds to value (BTC, cash). Below zero subtracts (debt, preferreds). The vertical span between them is the numerator of the formula.
USD billions
Preferred liquidation by series — latest known
STRF
$1.29B
May 22, 2026
STRC
$8.54B
May 22, 2026
STRE*
$0.90B
May 22, 2026
STRK
$1.40B
May 22, 2026
STRD
$1.40B
May 22, 2026
* No public price data is available for STRE, so liquidation price is assumed at €100 per share converted at the prevailing EUR/USD exchange rate.
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