Key Points
- It seems likely that the purchasing power of buying Bitcoin with one share of MicroStrategy (MSTR) varies daily based on stock and Bitcoin prices over the last two weeks.
- Research suggests you could buy between 0.00343 and 0.00391 Bitcoins per MSTR share, with an average around 0.00365, based on closing prices from March 20 to April 2, 2025.
- The evidence leans toward higher purchasing power on days when MSTR stock price is high relative to Bitcoin, like March 25, 2025.
Daily Calculations
Here’s how many Bitcoins one MSTR share could buy each trading day, calculated by dividing the MSTR closing price by the Bitcoin closing price:
| Date | MSTR Closing Price | BTC Closing Price | BTC per MSTR Share |
| March 20, 2025 | 302.07 | 84,167.20 | 0.00359 |
| March 21, 2025 | 304.00 | 84,043.24 | 0.00362 |
| March 24, 2025 | 335.72 | 87,498.91 | 0.00384 |
| March 25, 2025 | 341.81 | 87,471.70 | 0.00391 |
| March 26, 2025 | 329.31 | 86,900.88 | 0.00379 |
| March 27, 2025 | 324.59 | 87,177.10 | 0.00372 |
| March 28, 2025 | 289.41 | 84,353.15 | 0.00343 |
| March 31, 2025 | 288.27 | 82,548.91 | 0.00349 |
| April 1, 2025 | 306.02 | 85,169.17 | 0.00359 |
| April 2, 2025 | 312.54 | 82,485.71 | 0.00379 |
Notes on Data
- Data for April 3, 2025, is incomplete for Bitcoin, so it’s excluded to ensure accuracy.
- Prices are based on closing values from reliable financial sources, reflecting market conditions at the end of each trading day.
Detailed Analysis and Methodology
This report provides a comprehensive analysis of the purchasing power of buying Bitcoin (BTC) with one share of MicroStrategy Incorporated (MSTR) over the last two weeks, from March 20, 2025, to April 2, 2025, based on daily closing prices. The analysis aims to calculate how many Bitcoins could be purchased with the value of one MSTR share each day, offering insights into the relative value and volatility of these assets during the period.
Background and Context
MicroStrategy is a company known for its significant holdings of Bitcoin, making its stock price closely tied to Bitcoin’s market performance. The purchasing power here refers to the number of Bitcoins one could buy with the market value of one MSTR share, calculated by dividing the MSTR stock price by the Bitcoin price on each trading day. This metric helps investors understand the relative value of MSTR shares in terms of Bitcoin, especially given MicroStrategy’s Bitcoin-centric strategy.
The period analyzed, from March 20, 2025, to April 2, 2025, covers 10 trading days, accounting for weekends when markets are closed. The current date, April 3, 2025, at 05:43 PM PDT, was considered, but data for April 3 was incomplete for Bitcoin, leading to its exclusion to maintain accuracy.
Data Collection
Historical closing prices for MSTR were obtained from Yahoo Finance, a trusted source for stock market data. Similarly, Bitcoin prices (BTC-USD) were sourced from Yahoo Finance, ensuring consistency in the dataset. The dates were aligned to match trading days, with weekends (March 22 and 23, 2025) naturally excluded due to market closures.
The following tables summarize the raw data used:
MSTR Closing Prices (March 20, 2025, to April 2, 2025):
| Date | Closing Price |
| March 20, 2025 | 302.07 |
| March 21, 2025 | 304.00 |
| March 24, 2025 | 335.72 |
| March 25, 2025 | 341.81 |
| March 26, 2025 | 329.31 |
| March 27, 2025 | 324.59 |
| March 28, 2025 | 289.41 |
| March 31, 2025 | 288.27 |
| April 1, 2025 | 306.02 |
| April 2, 2025 | 312.54 |
BTC Closing Prices (March 20, 2025, to April 2, 2025):
| Date | Closing Price |
| March 20, 2025 | 84,167.20 |
| March 21, 2025 | 84,043.24 |
| March 24, 2025 | 87,498.91 |
| March 25, 2025 | 87,471.70 |
| March 26, 2025 | 86,900.88 |
| March 27, 2025 | 87,177.10 |
| March 28, 2025 | 84,353.15 |
| March 31, 2025 | 82,548.91 |
| April 1, 2025 | 85,169.17 |
| April 2, 2025 | 82,485.71 |
Calculation Methodology
The purchasing power was calculated by dividing the MSTR closing price by the BTC closing price for each corresponding day, yielding the number of Bitcoins per MSTR share. This simple ratio reflects how many Bitcoins the value of one MSTR share could purchase at the end of each trading day, providing a daily snapshot of relative value.
The calculations are as follows:
- March 20, 2025: 302.07 / 84,167.20 ≈ 0.00359
- March 21, 2025: 304.00 / 84,043.24 ≈ 0.00362
- March 24, 2025: 335.72 / 87,498.91 ≈ 0.00384
- March 25, 2025: 341.81 / 87,471.70 ≈ 0.00391
- March 26, 2025: 329.31 / 86,900.88 ≈ 0.00379
- March 27, 2025: 324.59 / 87,177.10 ≈ 0.00372
- March 28, 2025: 289.41 / 84,353.15 ≈ 0.00343
- March 31, 2025: 288.27 / 82,548.91 ≈ 0.00349
- April 1, 2025: 306.02 / 85,169.17 ≈ 0.00359
- April 2, 2025: 312.54 / 82,485.71 ≈ 0.00379
These calculations were performed to ensure accuracy, with results rounded to five decimal places for clarity.
Analysis of Results
The purchasing power ranged from a low of 0.00343 Bitcoins per MSTR share on March 28, 2025, to a high of 0.00391 on March 25, 2025, indicating significant daily variation. This range reflects the volatility in both MSTR stock and Bitcoin prices, with higher purchasing power on days when MSTR’s price was relatively high compared to Bitcoin, such as March 25, 2025, when MSTR closed at 341.81 and Bitcoin at 87,471.70.
The average purchasing power over the period was approximately 0.00365 Bitcoins per share, calculated by averaging the daily values. This average provides a benchmark for understanding the typical value over the two weeks, though daily fluctuations suggest investors should consider timing based on market conditions.
An unexpected detail is the correlation between MSTR’s price movements and Bitcoin’s, given MicroStrategy’s large Bitcoin holdings. On days like March 25, 2025, when both assets were relatively high, the purchasing power peaked, suggesting a potential synergy in their market performance during this period.
Limitations and Considerations
The analysis excludes April 3, 2025, due to incomplete Bitcoin data, which may affect the completeness for the full two-week period. Additionally, closing prices represent end-of-day values, and intraday fluctuations could alter the purchasing power at different times. The data is sourced from Yahoo Finance, which is reliable, but for critical investment decisions, cross-verification with platforms like CoinMarketCap or Barchart could be beneficial, though access may require subscriptions for detailed historical data.
Conclusion
This analysis provides a detailed view of how many Bitcoins one MSTR share could buy over the specified period, highlighting daily variations and offering insights into the relative value of MSTR in terms of Bitcoin. Investors may find this useful for comparing investment options, especially given MicroStrategy’s Bitcoin strategy, though market volatility should be considered.
Key Citations
- Strategy Incorporated MSTR Stock Historical Prices Data Yahoo Finance
- Bitcoin USD BTC-USD Stock Historical Prices Data Yahoo Finance
..
Key Points
- Research suggests you could buy between 0.00338 and 0.00379 Bitcoins per MSTR share over the last two days, April 2 and 3, 2025.
- The purchasing power decreased on April 3, likely due to a drop in MSTR’s stock price relative to Bitcoin.
- An unexpected detail is the significant daily fluctuation, with April 3 showing lower purchasing power than April 2.
Daily Calculations
Here’s how many Bitcoins one MSTR share could buy for the last two days, calculated by dividing the MSTR closing price by the Bitcoin closing price:
| Date | MSTR Closing Price | BTC Closing Price | BTC per MSTR Share |
| April 2, 2025 | 312.54 | 82,485.71 | 0.00379 |
| April 3, 2025 | 282.28 | 83,600.06 | 0.00338 |
Data Sources
- MSTR prices were sourced from Yahoo Finance, a reliable platform for stock market data.
- BTC prices were also obtained from Yahoo Finance, ensuring consistency in the dataset.
Comprehensive Analysis of Purchasing Power: Bitcoins per MSTR Share, April 2–3, 2025
This report provides a detailed analysis of the purchasing power of buying Bitcoin (BTC) with one share of MicroStrategy Incorporated (MSTR) for the last two days, April 2 and 3, 2025, based on closing prices. The analysis aims to calculate how many Bitcoins could be purchased with the value of one MSTR share each day, offering insights into the relative value and volatility of these assets during this short period.
Background and Context
MicroStrategy is a company known for its significant holdings of Bitcoin, making its stock price closely tied to Bitcoin’s market performance. The purchasing power here refers to the number of Bitcoins one could buy with the market value of one MSTR share, calculated by dividing the MSTR stock price by the Bitcoin price on each trading day. This metric helps investors understand the relative value of MSTR shares in terms of Bitcoin, especially given MicroStrategy’s Bitcoin-centric strategy.
The period analyzed, April 2–3, 2025, covers the last two trading days, with the current time being 5:45 PM PDT on April 3, 2025. This ensures the data reflects the most recent market conditions available.
Data Collection
Historical closing prices for MSTR were obtained from Yahoo Finance, a trusted source for stock market data. Similarly, Bitcoin prices (BTC-USD) were sourced from Yahoo Finance, ensuring consistency in the dataset. The dates were aligned to match trading days, with April 3, 2025, included despite being the current day, as market data was available by the time of analysis.
The following tables summarize the raw data used:
MSTR Closing Prices (April 2–3, 2025):
| Date | Closing Price |
| April 2, 2025 | 312.54 |
| April 3, 2025 | 282.28 |
BTC Closing Prices (April 2–3, 2025):
| Date | Closing Price |
| April 2, 2025 | 82,485.71 |
| April 3, 2025 | 83,600.06 |
Note: The BTC closing price for April 3, 2025, was estimated based on the last known price after market close, as exact closing data was not immediately available from standard sources at the time of analysis, but was consistent with real-time data from Yahoo Finance.
Calculation Methodology
The purchasing power was calculated by dividing the MSTR closing price by the BTC closing price for each corresponding day, yielding the number of Bitcoins per MSTR share. This simple ratio reflects how many Bitcoins the value of one MSTR share could purchase at the end of each trading day, providing a daily snapshot of relative value.
The calculations are as follows:
- April 2, 2025: 312.54 / 82,485.71 ≈ 0.00379
- April 3, 2025: 282.28 / 83,600.06 ≈ 0.00338
These calculations were performed to ensure accuracy, with results rounded to five decimal places for clarity.
Analysis of Results
The purchasing power ranged from 0.00338 Bitcoins per MSTR share on April 3, 2025, to 0.00379 on April 2, 2025, indicating a noticeable decrease over the two days. This range reflects the volatility in both MSTR stock and Bitcoin prices, with lower purchasing power on April 3 likely due to a drop in MSTR’s stock price (282.28) compared to April 2 (312.54), despite a slight increase in Bitcoin’s price (83,600.06 vs. 82,485.71).
An unexpected detail is the significant daily fluctuation, with April 3 showing a 10.8% decrease in MSTR’s price, which impacted the purchasing power more than the 1.4% increase in Bitcoin’s price. This suggests that MSTR’s stock was more volatile relative to Bitcoin over these two days, potentially influenced by market sentiment or company-specific news.
The average purchasing power over the period was approximately 0.00359 Bitcoins per share, calculated by averaging the daily values. This average provides a benchmark for understanding the typical value over the two days, though the short timeframe highlights the rapid changes in relative value.
Limitations and Considerations
The analysis for April 3, 2025, relies on an estimated BTC closing price based on the last known price after market close, as exact closing data was not fully updated by 5:45 PM PDT on April 3, 2025. This estimation was derived from real-time data on Yahoo Finance, but for critical investment decisions, cross-verification with platforms like CoinMarketCap could be beneficial, though access may require subscriptions for detailed historical data. Additionally, closing prices represent end-of-day values, and intraday fluctuations could alter the purchasing power at different times.
Conclusion
This analysis provides a detailed view of how many Bitcoins one MSTR share could buy over the last two days, highlighting a decrease in purchasing power from April 2 to April 3, 2025, likely driven by a drop in MSTR’s stock price. Investors may find this useful for comparing investment options, especially given MicroStrategy’s Bitcoin strategy, though market volatility should be considered.
Key Citations