AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought Nasdaq 100 (Invesco ETF) instead of Bitcoin…
$94.3B↑ vs $53.3B BTC value
Total invested
$64.1B
113 transactions
QQQ value today
$94.3B
+47.2% return
BTC value today
$53.3B
-16.7% return
QQQ outperformed by
+$40.9B
+64% more return on capital
Bitcoin (actual)
QQQ (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
QQQ paid 23 dividends over this period
Cash dividends paid
$526M
before reinvestment
Compounded reinvested value
$782M
↑ $256M from reinvestment
Share of QQQ's total return
0.8%
rest is price appreciation
Where QQQ's $94.3B value comes from
total return = price + dividends
Price appreciation · $93.5B
Dividends · $782M
Price-only return
Reinvested dividends (compounded at ex-date avg price)
QQQ's lead over Bitcoin is largely price appreciation. $526M in dividends were reinvested along the way, compounding into the total.
Per-transaction breakdown
Showing 10 most recent of 113 transactions
Transaction dateAmountBTC value nowQQQ value now
Jun 15, 2026$100M$100M$100M
Jun 8, 2026$101M$98M$104M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$1.6B$2.1B
May 11, 2026$43M$34M$45M
Apr 27, 2026$255M$206M$285M
Apr 20, 2026$2.5B$2.2B$2.9B
Apr 13, 2026$1.0B$877M$1.2B
Apr 6, 2026$330M$307M$416M
Mar 23, 2026$77M$65M$97M

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