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![ryQuant Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1873600391562108928.png) Ryan [@ryQuant](/creator/twitter/ryQuant) on x 8348 followers
Created: 2025-07-22 04:23:34 UTC

$MSTR Net Growth Rate = XX%

This is a rough framework for how I value @Strategy's net growth rate. I plan on further developing this overtime.

I add our BTC price CAGR projection to MSTR's *YoY BTC per share CAGR, *intentionally starting with ~70k BTC instead of ~20k. Then I subtract out the dividend payments, and subtract from that the M2-adjusted decay of the dividends. (which are almost certainly going to be paid for with $MSTR class A_ATM)

This bring us to the XX% net growth rate number. A company growing at XX% can conservatively trade at a 30x PE ratio, which brings me to my own subjective fair value of $XXXXX a share.

This is absolutely not financial advice.
This is a thought experiment.

![](https://pbs.twimg.com/media/GwbxR42aYAAFXYT.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947512822104998034/c:line.svg)

**Related Topics**
[mstr](/topic/mstr)
[$mstr](/topic/$mstr)
[strategy](/topic/strategy)
[stocks financial services](/topic/stocks-financial-services)
[stocks technology](/topic/stocks-technology)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)

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