Isn’t MicroStrategy primarily a Bitcoin holder?

[ed]

No. While MicroStrategy is known for holding 649,870 BTC (~$74,430 average cost), the company operates a $500M software business and actively manages its Bitcoin treasury strategy. Unlike passive funds or trusts, MicroStrategy issues structured digital credit securities (STRK, STRF, STRD, STRC, STRE) to monetize its BTC holdings, generate yields, and fund further acquisition. The model blends capital markets activities with operational software revenue, making it a hybrid treasury + operating company.

[Nahid Hossen]

Yes — the company’s identity is deeply tied to Bitcoin now. 🟧

[JanEmil]

They don't share wallet addresses. So do that have that BTC?