AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought PayPal instead of Bitcoin…
$39.4B↓ vs $53.3B BTC value
Total invested
$64.1B
113 transactions
PYPL value today
$39.4B
-38.5% return
BTC value today
$53.3B
-16.7% return
BTC outperformed by
+$13.9B
+22% more return on capital
Bitcoin (actual)
PYPL (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
PYPL paid 3 dividends over this period
Cash dividends paid
$315M
before reinvestment
Compounded reinvested value
$280M
reinvested at ex-date close
Share of PYPL's total return
0.7%
rest is price appreciation
Where PYPL's $39.4B value comes from
total return = price + dividends
Price appreciation · $39.1B
Dividends · $280M
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 113 transactions
Transaction dateAmountBTC value nowPYPL value now
Jun 15, 2026$100M$100M$100M
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$41M
Apr 27, 2026$255M$206M$218M
Apr 20, 2026$2.5B$2.2B$2.1B
Apr 13, 2026$1.0B$877M$919M
Apr 6, 2026$330M$307M$307M
Mar 23, 2026$77M$65M$73M

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