If Strategy bought ARK Innovation ETF instead of Bitcoin…
$82.0B↑ vs $53.3B BTC value
Total invested
$64.1B
113 transactions
ARKK value today
$82.0B
+28.0% return
BTC value today
$53.3B
-16.7% return
ARKK outperformed by
+$28.6B
+45% 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
$69M
↑ $4M from reinvestment
Share of ARKK's total return
0.1%
rest is price appreciation
Where ARKK's $82.0B value comes from
total return = price + dividends
Price appreciation · $81.9B
Dividends · $69M
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 113 transactions
Transaction date
Amount
BTC value now
ARKK value now
Jun 15, 2026
$100M
$100M
$102M
Jun 8, 2026
$101M
$98M
$107M
Jun 1, 2026Sale
$2M
$2M
$2M
May 18, 2026
$2.0B
$1.6B
$2.2B
May 11, 2026
$43M
$34M
$43M
Apr 27, 2026
$255M
$206M
$267M
Apr 20, 2026
$2.5B
$2.2B
$2.6B
Apr 13, 2026
$1.0B
$877M
$1.1B
Apr 6, 2026
$330M
$307M
$383M
Mar 23, 2026
$77M
$65M
$87M
ARKK value includes reinvested dividends. Splits are silently adjusted. Saylor often makes multiple purchases per month — each is its own row. See methodology.