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Strategy will be worth trillions and $MSTR shareholders will be the new wealthy elite.
Bitcoin's 4-year moving average has never gone YoY-negative in 3,964 measurable days.
Across all of those days, Bitcoin's price has traded above its 4YMA 93.3% of the time.
Median multiple: 1.87x.
Today, BTC trades at 1.26x its 4YMA. We are at the 33rd percentile of all historical valuations relative to the smoothed line.
By every reasonable definition, Bitcoin is cheap right now.
Now project the 4YMA forward five years. Assume the YoY CAGR decelerates aggressively - strip 5 percentage points off every year through 2030:
→ 2026: +44.5%
→ 2027: +39.5%
→ 2028: +34.5%
→ 2029: +29.5%
→ 2030: +24.5%
That puts the 4YMA ONLY at $245,542 by end-2030.
Apply Bitcoin's median historical multiple of 1.87x and you get a BTC price of $459,578.
Apply that to Strategy's 843,738 BTC stack.
Assume Saylor never buys another satoshi (LOL):
→ Today: $64B
→ Floor case (BTC at 4YMA): $207B
→ Median case (BTC at 1.87x 4YMA): $388B
→ Mean case (BTC at 2.32x 4YMA): $481B
The median case is 6.1x today's stack value.
The median case is 6.9x Strategy's entire current market capitalization.
The median case is what happens if the future just looks statistically like the past.
Remember, this is assuming ZERO new purchases.
Just BTC continuing to trade where it has historically traded relative to its own smoothed average, while the smoothed average compounds at decelerating-but-positive rates.
Strategy's entire enterprise value, including all the preferreds, debt, and software business, is $77.7B today.
Their forward median Bitcoin stack alone is 5x larger.
This is the most asymmetric public-market trade currently available to anyone with a brokerage account.
The math doesn't require Bitcoin to do anything heroic.
It just requires Bitcoin to keep being Bitcoin.
Stay humble. Stack sats. Buy MSTR.