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Strategy ( (MSTR) ) has shared an announcement.
On February 2, 2026, Strategy Inc announced that, for U.S. federal income tax purposes, all distributions paid during calendar year 2025 on its preferred equity “Digital Credit” instruments were treated as a nontaxable return of capital to shareholders, reducing their tax basis in those securities with any excess treated as capital gains. The company reported that in 2025 it completed five initial public offerings of perpetual preferred Digital Credit securities, raising $5.5 billion in gross proceeds, and subsequently raised an additional $1.9 billion via at-the-market programs, while paying $413 million in cumulative distributions at a blended annual dividend rate of 9.6%; Strategy also stated it believes it had no accumulated earnings and profits for U.S. tax purposes in 2025, a position that underpinned the return-of-capital treatment and has implications for investor tax planning and the perceived attractiveness of its high-yield preferred instruments.
The most recent analyst rating on (MSTR) stock is a Hold with a $148.00 price target. To see the full list of analyst forecasts on Strategy stock, see the MSTR Stock Forecast page.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
The score is held back primarily by weak underlying financial statement quality (negative profitability signals and negative operating/free cash flow) and only neutral-to-soft technicals (negative MACD and trading below key longer-term moving averages). Offsetting factors include a relatively attractive P/E and a strong earnings-call narrative highlighting sharp reported earnings improvement and continued Bitcoin-focused strategic execution, albeit with regulatory and dilution-related risks.
To see Spark’s full report on MSTR stock, click here.
More about Strategy
Strategy Inc is a publicly traded Bitcoin treasury company that has adopted Bitcoin as its primary treasury reserve asset, using proceeds from equity and debt financings and operating cash flows to accumulate the cryptocurrency and offer investors varying degrees of economic exposure to Bitcoin through a range of equity and fixed-income securities. The company also develops AI-powered enterprise analytics software, positioning itself at the intersection of digital assets and enterprise analytics, and seeks long-term value creation through its combination of a strategic Bitcoin reserve, financial instruments tied to digital capital, and data analytics innovation.
Average Trading Volume: 20,010,288
Technical Sentiment Signal: Sell
Current Market Cap: $43.02B
For an in-depth examination of MSTR stock, go to TipRanks’ Overview page.