Mastercard (MA), measured in bitcoin
One Mastercard share costs 727,435 sats today ($604.80). That's 50% more sats than a year ago, so over the past year the stock beat holding bitcoin. Since 2019, its shareholder return has been +18% a year in dollars, faster than the money supply grew (+6.6%), and −19% a year measured in bitcoin.
Next earnings: Thursday, October 29 before the open.
What one share costs in bitcoin today ($604.80). One bitcoin is 100 million sats.
More sats per share than a year ago. Above zero means the stock beat simply holding bitcoin.
Cash the business produces per share, plus how fast that grows, since 2019. Beat new dollars (+6.6%/yr); trailed bitcoin (+1.8%/yr new supply).
What each $1 it spent buying back its own stock since 2019 is worth today, versus the same $1 in bitcoin bought at the same times. Bitcoin wins.
$9.3 billion of revenue in the quarter to Jun 30, 2026, at that quarter's average price: ₿129,510 of the 21 million that will ever exist.
Since mid-2022 it kept $1.6 billion of free cash flow after dividends and buybacks.
How it compares: financials
Sorted by the past year in bitcoin. Within the same window every stock is divided by the same bitcoin price, so the order matches dollars; what bitcoin adds is the line at zero: above it, the stock beat holding bitcoin.
| Company | Sats per share | Past year, ₿ | Vs 2019 avg, ₿ | Shareholder return, ₿ |
|---|---|---|---|---|
| BNY Mellon BNY | 169,627 | +84% | −78% | −18%/yr |
| Citigroup C | 149,781 | +80% | −86% | −22%/yr |
| U.S. Bancorp USB | 68,426 | +71% | −92% | −21%/yr |
| Morgan Stanley MS | 224,485 | +67% | −68% | −15%/yr |
| Visa V | 476,369 | +60% | −81% | – |
| Goldman Sachs GS | 1,072,762 | +57% | −67% | −11%/yr |
| Bank of America BAC | 64,901 | +53% | −86% | −18%/yr |
| Mastercard MA | 727,435 | +50% | −81% | −19%/yr |
| JPMorgan Chase JPM | 398,634 | +49% | −78% | −15%/yr |
| Berkshire Hathaway BRK.B | 626,150 | +47% | −81% | – |
| Charles Schwab SCHW | 115,394 | +42% | −84% | −18%/yr |
| Wells Fargo WFC | 97,112 | +42% | −88% | −17%/yr |
| American Express AXP | 372,666 | +33% | −79% | −18%/yr |
| Capital One COF | 238,233 | +32% | −83% | −19%/yr |
| BlackRock BLK | 1,282,297 | +28% | −82% | – |
Questions
- How many sats is one Mastercard share?
- 727,435 sats ($604.80) at the close on October 13, 2026, or 0.00727 bitcoin.
- Has Mastercard beaten bitcoin?
- Measured by share price, no: a share costs 81% fewer sats than its 2019 average (in dollars: +136%). Measured by the business (cash generated per share and its growth), −19% a year in bitcoin terms, behind bitcoin's supply growth.
- Did Mastercard's buybacks beat bitcoin?
- No. It spent $66.3 billion buying back its own stock since 2019. Each $1 is now worth $1.53 in shares; the same $1 in bitcoin, bought at the same times, would be worth $3.28. (Per dollar: at that size the buying itself would have moved bitcoin's price.)