A thought experiment,
built into a tool.
In August 2020, Michael Saylor made an extraordinary bet — converting Strategy's treasury into Bitcoin. Over the years since, the company has bought, and recently begun to sell, across 113 disclosed transactions. This site asks the obvious question that followed: what if he hadn't?
Not a criticism
This isn't anti-Bitcoin or anti-Saylor. It's curiosity made visual. Sometimes Bitcoin wins by a mile. Sometimes it doesn't.
Grounded in real data
Every transaction date and amount comes from Strategy's SEC filings — all 113 of them, buys and sells. No estimates, no approximations. See the full methodology.
Dividends counted
For dividend-paying assets, dividends are reinvested on their ex-date. Total return, not just price return — the honest way to compare to Bitcoin.
Updated daily
Prices refresh twice a day — at midday and again at market close. The comparison is always current.
Built to share
Every comparison has its own URL with a dynamic OG card showing the headline number. Each page also generates a downloadable chart image for posting elsewhere. Drop a link in a tweet and let the numbers do the work.