AT&T (T), measured in bitcoin
One AT&T share costs 27,483 sats today ($22.85). That's 24% more sats than a year ago, even though the dollar price fell 11%: bitcoin fell further. Since 2019, its shareholder return has been +3.8% a year in dollars, slower than the money supply grew (+6.6%), and −26% a year measured in bitcoin.
Next earnings: Wednesday, October 21 before the open.
What one share costs in bitcoin today ($22.85). 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. Trailed 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.
$31.6 billion of revenue in the quarter to Jun 30, 2026, at that quarter's average price: ₿440,559 of the 21 million that will ever exist.
Since mid-2022 it kept $34.4 billion of free cash flow after dividends and buybacks.
How it compares: communication
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, ₿ |
|---|---|---|---|---|
| Alphabet GOOGL | 425,516 | +101% | −55% | −25%/yr |
| Verizon VZ | 52,357 | +52% | −94% | – |
| Meta META | 917,112 | +48% | −67% | −22%/yr |
| Walt Disney DIS | 130,597 | +37% | −93% | – |
| AT&T T | 27,483 | +24% | −93% | −26%/yr |
| Comcast CMCSA | 25,114 | +4.9% | −96% | +0.4%/yr |
| T-Mobile US TMUS | 184,902 | −5.2% | −84% | – |
| Netflix NFLX | 84,747 | −20% | −84% | – |
Questions
- How many sats is one AT&T share?
- 27,483 sats ($22.85) at the close on October 13, 2026, or 0.00027 bitcoin.
- Has AT&T beaten bitcoin?
- Measured by share price, no: a share costs 93% fewer sats than its 2019 average (in dollars: −14%). Measured by the business (cash generated per share and its growth), −26% a year in bitcoin terms, behind bitcoin's supply growth.
- Did AT&T's buybacks beat bitcoin?
- No. It spent $18.6 billion buying back its own stock since 2019. Each $1 is now worth $0.87 in shares; the same $1 in bitcoin, bought at the same times, would be worth $5.00. (Per dollar: at that size the buying itself would have moved bitcoin's price.)