MicroStrategy (MSTR) has grown its Bitcoin (BTC) value per share by approximately 55x since 2020, primarily through accretive share issuance rather than asset appreciation alone. While the company's average BTC purchase price is roughly $75,500, the net BTC value per share has risen from ~$2.34 to $129.53. The analysis suggests this model of harvesting premiums through equity issuance could potentially be applied to future robotics investments.