BTC treasury holder

Strategy Inc

MSTR

Operating company with a BTC treasury strategy; Sawse tracks filings, financing activity, and BTC exposure.

TechnologySoftware / BTC treasuryBitcoin treasury strategy

Signal summary

Sawse research signals

Scores summarize filing, market, ownership, and exposure records for research prioritization.

Filing Risk Score
60C

Regulatory filing quality and event signal from SEC disclosures

Measures the intensity of SEC filing patterns.

Active signal. Useful for prioritizing research.

Recent Form 4 insider transactions - Form 4 insider transaction (driver weight: 4) · Defa14a:Additional Proxy Material (driver weight: 4)

BTC Exposure Score
85A

Degree of Bitcoin exposure relative to entity type

Measures direct and operating exposure to bitcoin.

High signal. Review the underlying source records before interpreting.

Bitcoin treasury strategy (driver weight: 85)

Insider Activity Signal
50C

Net insider buying/selling pattern and cluster activity

Measures unusual Form 4 activity patterns.

Active signal. Useful for prioritizing research.

8 insider transaction clusters · 20 Form 4 transactions

Event Momentum Score
100A

Directional signal from recent SEC event categorizations

Measures recent material disclosure activity.

High signal. Review the underlying source records before interpreting.

12 recent SEC filings · 8 fresh source updates

Quote & Trading

Delayed quote

$177.42
Daily change pending current close data

Session timestamp: May 18, 2026, 9:30 PM

Open$171.42
High$173.2
Low$162.09
Volume261.08K
Open
$171.42
Low
$162.09
High
$173.2
Last
$177.42
Selected: 1MSource: licensed market dataFreshness: Available

Fundamentals

Active viewIncome Statement3 financial metrics · Sep 30, 2025
Period viewComparable metricsQuarterly and annual trend history expands as more source records are added.
Revenue
354.25M USD
Net income
-12.54B USD
Operating income
-14.47B USD
MetricValuePeriod
Revenue354.25M USDSep 30, 2025
Net income-12.54B USDMar 31, 2026
Operating income-14.47B USDMar 31, 2026

SEC Filings

Risk Factor Watch

Comparison unavailable

Risk-factor comparison has not run for this ticker yet.

4F4insider transaction
May 18, 2026View on SEC
DEFA14ASECadditional proxy material
May 18, 2026View on SEC
8-K8.01other event
May 18, 2026View on SEC
8-K8.01other event
May 15, 2026View on SEC
DEFA14ASECadditional proxy material
May 14, 2026View on SEC

Insider Activity

Total transactions20
30 / 90 / 365 buying+7,250 / +7,250 / +7,250
30 / 90 / 365 selling-12,000 / -12,000 / -12,000
Clusters / significant8 / 0
Cluster 1Cluster 2Cluster 3Cluster 4Cluster 5Cluster 6
InsiderRoleDirectionSharesDollar valueDate
Patten Jarrod MdirectorBuy1,000$18.65KMay 14, 2026
Patten Jarrod MdirectorSell500$96KMay 14, 2026
Patten Jarrod MdirectorBuy500$9.33KMay 14, 2026
Patten Jarrod MdirectorSell500$0May 14, 2026
Patten Jarrod MdirectorSell1,000$0May 14, 2026
Patten Jarrod MdirectorSell1,000$190.28KMay 14, 2026
Patten Jarrod MdirectorSell500$97KMay 11, 2026
Patten Jarrod MdirectorSell500$98KMay 11, 2026
Patten Jarrod MdirectorSell750$142.2KMay 11, 2026
Patten Jarrod MdirectorSell500$95KMay 11, 2026
Patten Jarrod MdirectorSell500$94.69KMay 11, 2026
Patten Jarrod MdirectorBuy2,750$51.3KMay 11, 2026

Institutional Ownership

Observed holders2
Top holder concentration52.8%
Top 10 concentration100.00%
Top 25 concentration100.00%
Large QoQ changes2

Source: SEC 13F filings · Up to 45-day reporting lag after quarter end · Top-holder concentration is calculated from available 13F records. Percent of float uses public share-count records when available.

ManagerPeriodShares% FloatValueQoQ Δ
The Vanguard Group, Inc.Significant changeDec 20253.25M0.97%$1.01BNo change
BlackRock Inc.Significant changeDec 20252.9M0.87%$925M+300K

Crypto Context

Bitcoin treasury strategy

MSTR crypto exposure map

Latest filingMay 18, 2026
Total BTC heldNot yet loaded10-K/10-Q/8-K BTC treasury language
Average cost basisNot yet loadedIssuer purchase disclosures
BTC per diluted shareNot yet loadedBTC holdings plus diluted share count
Carrying value methodNot yet loadedAccounting policy note

Extracted values are tied to SEC filings and licensed source inputs. Where source disclosures are incomplete, fields remain blank rather than estimated from unrelated inputs.

Editorial Coverage

Peer Comparison

TickerCategoryRevenueFilingBTCInsiderEvent
MSTRStrategy IncBTC treasury holder354.25M608550100
COINCoinbase GlobalCrypto exchange1.41B687049100
MARAMARA HoldingsBitcoin miner174.61M648033100
RIOTRiot PlatformsBitcoin miner167.22M908026100
CLSKCleanSparkBitcoin miner766.31M608050100

Market cap, YTD return, and P/E appear once quote and historical pricing records are available for public display.