Bitcoin price discovery starting now.
New visualization: $MSTR BTC holdings per share.
Currently each share of MSTR represents approximately 130k sats.
Live chart here: https://bitcoinisdata.com/mstr/
Live chart here: https://bitcoinisdata.com/mstr/
The $MSTR NAV premium is shooting higher.
This multiple is at 2.81, but it was once 6 at the beginning of $MSTR's BTC accumulation, back in 2020, when it was still just another zombie company.
$MSTR has really been on a wild ride, outperforming #Bitcoin, similar to what happened between February 2024 and April 2024.
Live chart: https://bitcoinisdata.com/mstr/
We have a Substack publication where we first publish all our new charts and research on Bitcoin.
Subscribe here:
https://bitcoinisdata.substack.com
The daily count of new Bitcoin addresses is now live on Bitcoin Is Data.
https://bitcoinisdata.com/new_addr/
For those who haven't seen it yet, we have just released a brand-new page exclusively dedicated to $MSTR MicroStrategy metrics and charts related to its Bitcoin holdings.
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Live charts here: https://bitcoinisdata.com/
Today, we published an exclusive page about MicroStrategy — $MSTR — on Bitcoin Is Data, featuring numerous charts and metrics related to the company's bitcoin holdings.
Find the live charts here: https://bitcoinisdata.com/mstr/
New MicroStrategy ($MSTR) Page in Bitcoin Is Data!
This massive update introduces a collection of Bitcoin-related metrics and charts for the Nasdaq-listed firm MicroStrategy ($MSTR).
1. MSTR Market Cap, Total Bitcoin Holdings Value, and Net Asset Value (NAV) Premium
2. MSTR Cost Basis and Bitcoin Market Value
3. MSTR Average Purchased Bitcoin Price
4. 12-Month MSTR Normalized Price Evolution Against Bitcoin
5. MSTR Rolling 60-Day Correlation with Bitcoin Daily Returns
6. MSTR / BTC Price Ratio
Live charts here: https://bitcoinisdata.com/mstr/
That's all for today — have a great one!
Tomorrow I will do a more complete announcement, but for those who want to see it, the new page with numerous metrics and charts about MicroStrategy $MSTR is already available on Bitcoin Is Data.
Live charts here: bitcoinisdata.com/mstr/
The MSTR page on Bitcoin Is Data is live, you can try it now:
https://www.bitcoinisdata.com/mstr/
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Do you want a new page with only MicroStrategy $MSTR metrics related to bitcoin on nostr:npub18ukd26pjdy9eepcaz7usxwwf2r89tcnj7wmc4tthy3s6szep30gse3arvp?
$MSTR, BTC, $GLD and $QQQ performance over the last 12 months.
$MSTR: +464.55%
BTC: +122.26%
$GLD: +40.24%
$QQQ: +34.4%
Live chart here: https://bitcoinisdata.com/market_data/
MicroStrategy's $MSTR daily returns correlation with Bitcoin daily returns is at its highest.
Live chart here: https://bitcoinisdata.com/market_data/
Global Money Supply (M2) Breaking Up.
We Knew This Would Happen Sooner or Later.
Today, the global M2 money supply tracked by Bitcoin Is Data—which consists of the top 5 world central banks plus Brazil—was updated to reflect the latest data as of August 2024.
And, to the surprise of no one, we hit an all-time high in the global M2, ending the period of monetary contraction and starting up the money printers again.
The main component in global M2 is not the US FED, but the People's Bank of China, which is responsible for approximately 45% of the world’s money supply. Recently, China has started implementing several measures to accelerate its base money expansion, which are not yet reflected in the charts.
We all know what happens with monetary expansions: the value of each unit of money in circulation drops, i.e., the price of everything increases. In terms of assets, we know that Bitcoin is the fastest horse in the race. As an illustration, please take a look at the following chart showing the year-over-year percentage change in global M2 and the price of Bitcoin. You can see that they have a high correlation.
That's all for today—have a great one!
Balances Held by Top Addresses – The Bitcoin Rich List
Inspired by a post from @TylerDurden on Twitter, we custom-made a new visualization showing the evolution over time of the total BTC balance of the top addresses, i.e., the addresses that hold the most Bitcoin (the BTC Rich List). As far as we know, we are the only on-chain metrics provider that has computed these values.
We provide the total BTC balance for the top 50, 100, 200, 500, 1,000, 2,000, and 5,000 addresses.
If we superimpose the Bitcoin price and select just one group of top addresses — in this case, the top 500 — we can see that there is no clear interpretation of the impact of this new metric on the price movement.
We also created a visualization showing the year-over-year percentage change in the total balance held by the top addresses compared to the Bitcoin price.
We also attempted to exclude addresses known to belong to exchanges, but the results weren’t very good. Exchanges are constantly creating new addresses, making it a game of cat and mouse to identify and track all of them. Therefore, we chose to include all top addresses in our charts, regardless of their origin.
We'd also like to remind you that all the raw data used to generate the charts on Bitcoin Is Data is available for direct download or via our API, in both .CSV and .XLSX (Microsoft Excel) formats.
That’s all for today — have a great one! 
Following a user recommendation, we updated the recently launched charts aligning the Bitcoin price with the previous cycle’s price bottom, price top, and halving date: we have aligned the charts with the current cycle’s price scale and date range.
This way, you can estimate the price and date for the next Bitcoin top, assuming past cycles serve as a reference.
For example, by aligning from the bottom of previous cycles, the next top could reach as high as USD 1.7 million per coin if we follow the pattern of the 3rd cycle, or USD 315,000 per coin if we follow the 4th cycle’s trend.
We can also see that the next top will most likely occur between March 2025 and December 2025.
Of course, nobody can predict the future, and almost anything can happen, but it's helpful to use past cycles as references to guide us through Bitcoin’s ups and downs.
https://bitcoinisdata.com/price_aligned_by_bottoms_normalized/
New Charts: Bitcoin Price Aligned by Cycle Tops and Bottoms.
Today, we introduce two new visualizations of Bitcoin cycles, aligning the price line to start at the date/height of the last cycle's bottom and top.
Each cycle consists of 210,000 blocks (a halving era), and prices are normalized to start at 100, allowing for visual comparison of price evolution across cycles.
The charts are shown below:
* Normalized price aligned by the bottom of each cycle;
* Normalized price aligned by the top of each cycle.
In the charts, you can select which cycles are displayed.
In addition to these two new charts, we have redesigned the chart where the price is aligned by halvings, with the starting point being the halving date/height.
That’s all for today—have a great week!
