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If Strategy bought ARK Innovation ETF instead of Bitcoin…
$80.3B↑ vs $64.4B BTC value
Total invested
$63.7B
118 transactions
ARKK value today
$80.3B
+26.1% return
BTC value today
$64.4B
+1.2% return
ARKK outperformed by
+$15.9B
+25% 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
$68M
↑ $3M from reinvestment
Share of ARKK's total return
0.1%
rest is price appreciation
Where ARKK's $80.3B value comes from
total return = price + dividends
Price appreciation · $80.2B
Dividends · $68M
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 118 transactions
Transaction dateAmountBTC value nowARKK value now
Aug 10, 2026Sale$109M$109M$109M
Aug 3, 2026Sale$105M$105M$105M
Jul 6, 2026Sale$135M$135M$135M
Jun 30, 2026Sale$81M$81M$81M
Jun 22, 2026$35M$40M$35M
Jun 15, 2026$100M$122M$100M
Jun 8, 2026$101M$119M$105M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$1.9B$2.1B
May 11, 2026$43M$41M$43M

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