AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought PayPal instead of Bitcoin…
$54.0B↓ vs $54.1B BTC value
Total invested
$63.9B
116 transactions
PYPL value today
$54.0B
-15.5% return
BTC value today
$54.1B
-15.2% return
BTC outperformed by
+$133M
+0% 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
$385M
↑ $70M from reinvestment
Share of PYPL's total return
0.7%
rest is price appreciation
Where PYPL's $54.0B value comes from
total return = price + dividends
Price appreciation · $53.6B
Dividends · $385M
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 116 transactions
Transaction dateAmountBTC value nowPYPL value now
Jul 6, 2026Sale$135M$135M$135M
Jun 30, 2026Sale$81M$81M$81M
Jun 22, 2026$35M$33M$48M
Jun 15, 2026$100M$102M$138M
Jun 8, 2026$101M$99M$144M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$1.6B$2.6B
May 11, 2026$43M$34M$56M
Apr 27, 2026$255M$210M$300M
Apr 20, 2026$2.5B$2.2B$2.9B

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