About
Numbers first. Opinions never.
BTCorMSTR exists to answer one deceptively simple question — should you have bought Bitcoin or MSTR? — with live data instead of vibes.
The problem
The Bitcoin-versus-MSTR debate is everywhere, and almost all of it is loud. Threads argue about leverage and premiums with screenshots and gut feelings, but rarely with a clean, up-to-date view of the actual numbers: what mNAV is right now, how much bitcoin backs each share, and what a specific investment would actually be worth today.
What this is
A position-centric terminal for the two assets. Start from a dollar amount and a date, and the site shows you the road not taken. Or go deep on Strategy's balance sheet, the preferred stack, and the mechanics that make MSTR move harder than the bitcoin it holds.
What this isn't
- Not financial advice — it's data and education.
- Not a trading platform — nothing here executes orders.
- Not sponsored — no affiliate links, no paid placements.
- Not a price predictor — we show what happened, not what will.
Our principles
- No fake numbers. Every figure is live or clearly stamped with when it was last verified. If data is unavailable, we say so instead of guessing.
- Show your work. Every formula is on the methodology page.
- Respect both sides. Bitcoin maximalists and MSTR bulls should both find the data fair.