MicroStrategy's $2.75B Volume Ranks 23rd as Bitcoin Holdings Hit 3% Supply and Valuation Disputes Intensify

On August 6, 2025, MicroStrategy (MSTR) closed at $380.26 with a 2.12% gain, trading volume of 2.75 billion dollars ranked it 23rd in the market. The stock’s performance contrasts with ongoing debates about its valuation model amid record Bitcoin holdings.

MicroStrategy now controls 3% of the total Bitcoin supply, valued at approximately $74 billion, with only 0.07% of its treasury held in fiat currency. This strategic shift has positioned the company as the largest public corporate Bitcoin holder, though its financial model remains unconventional. Despite reporting $10 billion in net income and $32.60 earnings per share for 2025, the stock ranks 96th in the S&P 500 with a 4.7 P/E ratio—the lowest among index constituents.

Analysts highlight a valuation disconnect as investors struggle to categorize MicroStrategy as either a software company or a digital asset firm. While some speculate a $1 million Bitcoin price could propel MSTR to become the largest publicly traded company, skepticism persists about the sustainability of its crypto-centric strategy. The company’s reliance on debt and convertible notes to fund Bitcoin purchases has drawn scrutiny, with market participants questioning long-term confidence in its business model.

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