This chart shows the performance of MicroStrategy's Bitcoin holdings relative to their purchase price over time. Values above 1.0x indicate gains, while values below 1.0x indicate unrealized losses.

This chart displays the performance of MicroStrategy (MSTR) compared to three benchmarks: the S&P 500, the Magnificent 7 (a group of leading technology companies including Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta, and Tesla), and Bitcoin. Starting from MicroStrategy’s first Bitcoin purchase on August 11, 2020, the chart shows the percentage change over time, illustrating how each asset has performed relative to that starting point. The Magnificent 7 companies are particularly influential in the tech sector and have significantly impacted overall market performance.

The "MSTR/BTC Price Ratio" chart shows the comparative value ratio between MicroStrategy's stock price (x 100) and the price of Bitcoin, illustrating how the company's stock value trends in relation to Bitcoin's market movements.

The "NAV Premium" chart displays the premium of MicroStrategy's stock over its Net Asset Value (NAV) in Bitcoin, indicating how much more or less the market values the company's stock compared to its Bitcoin holdings alone.

The "BTC per Share" chart represents the amount of Bitcoin that each outstanding share of MicroStrategy equates to, providing insight into the Bitcoin exposure per share of the company's stock.