What is MicroStrategy's crypto asset, fair value?

MicroStrategy (MSTR) reported crypto asset, fair value of $51.65B in Q1 2026.

What does crypto asset, fair value mean?

This represents the fair market value of digital assets held by the company as long-term investments. Unlike traditional assets, these are subject to significant market price volatility and specific accounting treatments regarding impairment. Investors monitor this to understand the company's exposure to digital asset markets and its strategic capital allocation.

MicroStrategy MSTR Crypto Asset, Fair Value

Crypto Asset, Fair Value at other companies

Twenty One Capital XXI

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Core Scientific, Inc.CORZ

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Marathon Digital HoldingsMARA

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Other financials

Income statement

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Revenue$124.3M+11.9%

Gross profit$83.4M+8.1%

Operating income-$14.5B-144%

Net income-$12.5B-197%

EPS (diluted)-$38.25-132%

Balance sheet

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Cash & equivalents$2.2B+3,561%

Total debt$8.3B+0.8%

Total equity$36.7B+13.7%

Total assets$54.3B+23.6%

Cash flow

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Operating cash flow$14.0M+686%

CapEx$952.0K-65.2%

Free cash flow$13.0M+354%

Valuation

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Market cap$33.68B-70.4%

Enterprise value$39.73B-67.2%

P/S70.4×+44.4×

Profitability

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Gross margin72%-3.6pp

Operating margin518.9%—

Net margin1,663.1%+1,587pp

FCF margin-17.5%—

Returns & leverage

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Return on equity28.2%+20.4pp

Debt / equity0.2×0.0×

Current ratio6.1×+5.4×

Where this comes from

Reported directly by MicroStrategy in its filing.

Tagged under the XBRL concept us-gaap:CryptoAssetFairValue.

The official record: MicroStrategy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MicroStrategy's crypto asset, fair value?: MicroStrategy (MSTR) reported crypto asset, fair value of $51.65B in Q1 2026.
What does crypto asset, fair value mean?: This represents the fair market value of digital assets held by the company as long-term investments. Unlike traditional assets, these are subject to significant market price volatility and specific accounting treatments regarding impairment. Investors monitor this to understand the company's exposure to digital asset markets and its strategic capital allocation.