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If Strategy bought ARK Innovation ETF instead of Bitcoin…
$78.3B↑ vs $54.1B BTC value
Total invested
$63.9B
116 transactions
ARKK value today
$78.3B
+22.6% return
BTC value today
$54.1B
-15.2% return
ARKK outperformed by
+$24.2B
+38% more return on capital
Bitcoin (actual)
ARKK (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
ARKK paid 3 dividends over this period
Cash dividends paid
$65M
before reinvestment
Compounded reinvested value
$66M
↑ $1M from reinvestment
Share of ARKK's total return
0.1%
rest is price appreciation
Where ARKK's $78.3B value comes from
total return = price + dividends
Price appreciation · $78.2B
Dividends · $66M
Price-only return
Reinvested dividends (compounded at ex-date avg price)
ARKK's lead over Bitcoin is largely price appreciation. $65M in dividends were reinvested along the way, compounding into the total.
Per-transaction breakdown
Showing 10 most recent of 116 transactions
Transaction dateAmountBTC value nowARKK value now
Jul 6, 2026Sale$135M$135M$135M
Jun 30, 2026Sale$81M$81M$81M
Jun 22, 2026$35M$33M$34M
Jun 15, 2026$100M$102M$98M
Jun 8, 2026$101M$99M$102M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$1.6B$2.1B
May 11, 2026$43M$34M$42M
Apr 27, 2026$255M$210M$255M
Apr 20, 2026$2.5B$2.2B$2.5B

ARKK value includes reinvested dividends. Splits are silently adjusted. Saylor often makes multiple purchases per month — each is its own row. See methodology.