If Strategy bought EuroPac Gold Fund instead of Bitcoin…
$123.1B↑ vs $53.3B BTC value
Total invested
$64.1B
113 transactions
EPGIX value today
$123.1B
+92.2% return
BTC value today
$53.3B
-16.7% return
EPGIX outperformed by
+$69.8B
+109% more return on capital
Bitcoin (actual)
EPGIX (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
EPGIX paid 4 dividends over this period
Cash dividends paid
$10.2B
before reinvestment
Compounded reinvested value
$13.5B
↑ $3.3B from reinvestment
Share of EPGIX's total return
11.0%
rest is price appreciation
Where EPGIX's $123.1B value comes from
total return = price + dividends
Price appreciation · $109.6B
Dividends · $13.5B
Price-only return
Reinvested dividends (compounded at ex-date avg price)
EPGIX's lead over Bitcoin is largely price appreciation. $10.2B 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
EPGIX value now
Jun 15, 2026
$100M
$100M
$103M
Jun 8, 2026
$101M
$98M
$105M
Jun 1, 2026Sale
$2M
$2M
$2M
May 18, 2026
$2.0B
$1.6B
$1.9B
May 11, 2026
$43M
$34M
$37M
Apr 27, 2026
$255M
$206M
$232M
Apr 20, 2026
$2.5B
$2.2B
$2.2B
Apr 13, 2026
$1.0B
$877M
$888M
Apr 6, 2026
$330M
$307M
$304M
Mar 23, 2026
$77M
$65M
$80M
EPGIX value includes reinvested dividends. Splits are silently adjusted. Saylor often makes multiple purchases per month — each is its own row. See methodology.