AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought PayPal instead of Bitcoin…
$48.2B↓ vs $68.2B BTC value
Total invested
$63.7B
118 transactions
PYPL value today
$48.2B
-24.4% return
BTC value today
$68.2B
+7.0% return
BTC outperformed by
+$20.0B
+31% more return on capital
Bitcoin (actual)
PYPL (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
PYPL paid 4 dividends over this period
Cash dividends paid
$315M
before reinvestment
Compounded reinvested value
$345M
↑ $30M from reinvestment
Share of PYPL's total return
0.7%
rest is price appreciation
Where PYPL's $48.2B value comes from
total return = price + dividends
Price appreciation · $47.8B
Dividends · $345M
Price-only return
Reinvested dividends (compounded at ex-date avg price)
PYPL paid $315M in dividends over this period, reinvested at each ex-date. BTC still wins this comparison, but PYPL's dividend stream closed part of the gap.
Per-transaction breakdown
Showing 10 most recent of 118 transactions
Transaction dateAmountBTC value nowPYPL 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$42M$43M
Jun 15, 2026$100M$129M$123M
Jun 8, 2026$101M$126M$129M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$2.0B$2.4B
May 11, 2026$43M$43M$50M

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