Microstrategy — 指標和策略

MSTR Premium/Discount Analyzer by Marius1032)This indicator provides a transparent, real-time framework for evaluating MicroStrategy Inc. (MSTR) based on its two primary value components: Bitcoin Holdings (Mark-to-Market) Core Enterprise Value (ex-Bitcoin) By calculating the Net Asset Value (NAV) per share from both segments, the indicator enables accurate assessment of whether MSTR is trading at a premium or discount relative to its fundamental value. 📊 Key Metrics Displayed on Chart MSTR Share Price (Close) BTC NAV per Share (Holdings × BTC price ÷ Shares Outstanding) Core NAV per Share (Enterprise Value ÷ Shares Outstanding) Total NAV per Share (BTC + Core) Premium / Discount % (Market deviation from NAV) Manual Timestamp for last data input (auditable) Input data taken from www.gurufocus.com finance.yahoo.com 🔧 Customizable Inputs BTC Holdings (default: 592,345 BTC) BTC Price (manually updated) Shares Outstanding (default: 266M) Core Enterprise Value (EV ex-BTC) Data Timestamp (manual) 🧠 Valuation Logic The script separates MSTR’s market value into: Digital Asset Treasury — fully marked to market via BTC price input. Core Software/Analytics Business — approximated using total enterprise value less BTC exposure. This two-part decomposition provides a cleaner NAV structure than traditional book value, which is often distorted by high intangible assets (MSTR’s tangible book value is negative as of Q2 2025). ⚠️ Disclosures All inputs are manual — ensure accuracy by updating with the latest BTC prices and EV disclosures. Core EV is treated as a constant unless updated, and does not include BTC or speculative adjustments. Does not model future BTC acquisitions or operational leverage.

MSTR-BTC Premium This custom indicator, “MSTR-BTC Premium with High, Average, and Low Levels,” helps you analyze the premium of MicroStrategy Incorporated’s (MSTR) stock price in relation to its Bitcoin holdings. By comparing the market capitalization of MSTR to the value of its Bitcoin holdings (using BTCUSD from Coinbase), this indicator calculates a premium that reflects how much the stock price deviates from its Bitcoin-related value. Key Features: • Premium Line: The primary feature is the “Premium,” which shows the ratio of MSTR’s market cap relative to its Bitcoin holdings and the BTCUSD price. • High, Average, and Low Levels: The indicator calculates the highest, lowest, and average premium values over a user-defined period (default is 14 bars). These levels help identify overbought and oversold conditions relative to the stock’s Bitcoin valuation. • Visual Shading: The area between the premium line and the average is shaded, making it easier to see when the premium is above or below its typical level. Optional shading is also available between the high and low levels to visualize the price range. How to Use: • Overbought/Undervalued Conditions: When the premium line rises significantly above the average, it may indicate that MSTR stock is overbought compared to its Bitcoin holdings. Conversely, when the premium falls below the average or approaches the low line, it might signal an undervalued opportunity. • Trend and Mean Reversion: The high and low lines provide insight into extreme levels. Monitoring these alongside the average can assist in identifying potential mean reversion trades. Customization: • Calculation Period: The period for calculating the high, low, and average values can be adjusted to suit your trading strategy (default is 14). • Shading Options: By default, the area between the premium and its average is shaded. You can enable or disable the shading between the high and low as needed. This indicator is particularly useful for traders and investors following MicroStrategy (MSTR) and its Bitcoin strategy, providing a deeper understanding of the stock’s relationship to its underlying Bitcoin assets. It can assist in identifying key levels for decision-making based on deviations from historical norms. How to Add the Indicator: 1. Adjust the calculation period (default is 14) to customize the analysis according to your preferred timeframe. 2. Watch for significant deviations of the premium line from its average to identify potential overbought/oversold conditions. 3. Use the high and low levels to help gauge extreme premium values and possible mean reversion opportunities. Enjoy the analysis and make more informed decisions with the MSTR-BTC Premium Indicator! This description should be clear and informative for anyone considering using your indicator. It highlights the functionality, purpose, and customization options in a straightforward way. Let me know if you’d like to tweak or adjust any part of it!

MicroStrategy / Bitcoin Market Cap Ratio This indicator offers a unique analytical perspective by comparing the market capitalization of MicroStrategy (MSTR) with that of Bitcoin (BTC) . Designed for investors and analysts interested in the correlation between MicroStrategy's financial performance and the Bitcoin market, the script calculates and visualizes the ratio of MSTR's market capitalization to Bitcoin's market capitalization. Key Features: Start Date: The script considers data starting from July 28, 2020, aligning with MicroStrategy's initial announcement to invest in Bitcoin. Data Sources: It retrieves real-time data for MSTR's total shares outstanding, MSTR's stock price, and BTC's market capitalization. Market Cap Calculations: The script calculates MicroStrategy's market cap by multiplying its stock price with the total shares outstanding. It then forms a ratio of MSTR's market cap to BTC's market cap. Bollinger Bands: To add a layer of analysis, the script includes Bollinger Bands around the ratio, with customizable parameters for length and multiplier. These bands can help identify overbought or oversold conditions in the relationship between MSTR's and BTC's market values. The indicator plots the MSTR/BTC market cap ratio and the Bollinger Bands, providing a clear visual representation of the relationship between these two market values over time. This indicator is ideal for users who are tracking the impact of Bitcoin's market movements on MicroStrategy's valuation or vice versa. It provides a novel way to visualize and analyze the interconnectedness of a leading cryptocurrency asset and a major corporate investor in the space.

MicroStrategy Metrics A script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC. All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors. From this we can derive: - BTC Holdings % of enterprise value - Correlation to BTC (in this case we use CME futures...may change this) - Equivalent Share Price (true market cap divided by shares outstanding) - P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4) - Price to FCF Ratio (true market cap divided by FCF (ttm)) - Price to Revenue (^ but with total revenue (ttm))