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Strategy
(NASDAQ:MSTR)
Strategy (MSTR) vs. S&P 500 (SPY)
Strategy Business Overview & Revenue Model
Strategy Key Performance Indicators (KPIs)
Shows the amount of Bitcoin the company holds, reflecting its investment strategy and exposure to cryptocurrency market fluctuations.
Main Street DataStrategy Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 463.46M | 496.26M | 499.26M | 510.76M | 480.74M | Gross Profit |
| 333.99M | 386.32M | 396.27M | 418.85M | 389.68M | EBIT |
| -1.85B | -115.05M | 6.08M | 876.72M | 127.77M | EBITDA |
| -1.85B | -44.30M | -1.26B | -770.88M | 6.50M | Net Income Common Stockholders |
| -1.17B | 429.12M | -1.47B | -535.48M | -7.52M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 38.12M | 46.82M | 43.84M | 63.36M | 59.67M | Total Assets |
| 25.84B | 4.76B | 2.41B | 3.56B | 1.47B | Total Debt |
| 7.25B | 2.25B | 2.45B | 2.23B | 570.69M | Net Debt |
| 7.21B | 2.21B | 2.40B | 2.17B | 511.02M | Total Liabilities |
| 7.61B | 2.60B | 2.79B | 2.58B | 912.57M | Stockholders Equity |
| 18.23B | 2.16B | -383.12M | 978.96M | 553.04M |
| Cash Flow | Free Cash Flow | |||
| -53.03M | -1.89B | -287.20M | -2.54B | -1.08B | Operating Cash Flow |
| -53.03M | 12.71M | 3.21M | 93.83M | 53.62M | Investing Cash Flow |
| -22.09B | -1.91B | -278.59M | -2.63B | -1.02B | Financing Cash Flow |
| 22.13B | 1.89B | 265.19M | 2.54B | 563.23M |
Strategy Technical Analysis
Strategy Risk Analysis
Strategy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $66.56B | 127.01 | 6.15% | ― | 16.94% | -62.24% | |
73 Outperform | $59.64B | 54.65 | 49.69% | ― | 12.35% | 22.28% | |
73 Outperform | $50.16B | 88.77 | -47.82% | ― | 14.72% | 21.81% | |
72 Outperform | $56.28B | ― | -31.43% | ― | 29.21% | -51.47% | |
70 Outperform | $54.73B | ― | -34.33% | ― | 19.12% | -161.42% | |
60 Neutral | $10.94B | 10.37 | -6.73% | 2.98% | 7.75% | -12.61% | |
55 Neutral | $105.42B | ― | -29.68% | ― | -6.19% | -3736.55% |
Strategy Earnings Call Summary
Strategy Corporate Events
On May 5, 2025, MicroStrategy Incorporated, operating as Strategy, announced updates regarding its at-the-market offering programs and bitcoin holdings. The company reported that during the period from April 28 to May 4, 2025, it sold 353,825 MSTR shares for $128.5 million and 575,392 STRK shares for $51.8 million. Additionally, Strategy acquired 1,895 bitcoins at an aggregate purchase price of $180.3 million, increasing its total holdings to 555,450 bitcoins valued at $38.08 billion. These transactions were funded through proceeds from its ATM programs, highlighting Strategy’s ongoing strategic focus on leveraging its financial instruments to bolster its bitcoin investments.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
MSTR’s overall score reflects significant financial challenges, including high leverage and negative cash flow, which weigh heavily on its assessment. The company’s strategic focus on Bitcoin and recent capital raising provide potential upside, yet valuation uncertainties and market volatility pose risks. Technical indicators suggest bullish momentum, but caution is warranted.
To see Spark’s full report on MSTR stock, click here.
On April 28, 2025, MicroStrategy Incorporated, operating under the name Strategy, announced updates regarding its at-the-market (ATM) offering programs and bitcoin holdings. The company reported that between April 21 and April 27, 2025, it sold 4,020,000 MSTR shares, generating net proceeds of $1.40 billion, and 435,069 STRK shares, resulting in $37.5 million. Additionally, Strategy acquired 15,355 bitcoins for $1.42 billion, raising its total bitcoin holdings to 553,555 with an aggregate purchase price of $37.90 billion. These updates reflect Strategy’s continued focus on leveraging its ATM programs and bitcoin investments to bolster its financial position.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
Strategy’s stock presents a high-risk, high-reward scenario. The company faces significant financial challenges with high leverage and cash flow issues, impacting financial performance. However, strong growth in cloud services and strategic capital maneuvers in Bitcoin provide potential upside. Valuation remains uncertain due to negative earnings, while recent corporate events suggest strategic progress.
To see Spark’s full report on MSTR stock, click here.
On April 21, 2025, Strategy announced updates regarding its at-the-market offering programs and Bitcoin holdings. Between April 14 and April 20, 2025, the company sold 1,755,000 MSTR shares, generating $547.7 million, and 91,213 STRK shares, raising $7.8 million. The proceeds from these sales were used to acquire 6,556 Bitcoins, bringing the company’s total Bitcoin holdings to 538,200, with an aggregate purchase price of $36.47 billion. These actions underscore Strategy’s ongoing commitment to leveraging its capital market activities to bolster its cryptocurrency portfolio, potentially enhancing its market position and offering significant implications for stakeholders.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
Strategy, formerly MicroStrategy, faces significant financial challenges with high leverage and cash flow issues, impacting its financial performance score. While innovative strategies in Bitcoin and cloud services show promise, the negative P/E ratio and lack of dividend yield present valuation concerns. The earnings call and corporate events suggest strategic progress, but financial instability and regulatory risks remain prominent. Overall, Strategy’s stock presents a high-risk, high-reward scenario.
To see Spark’s full report on MSTR stock, click here.
On April 14, 2025, Strategy announced updates to its at-the-market offering programs and bitcoin holdings. Between April 7 and April 13, 2025, the company sold 959,712 shares of its Class A Common Stock, raising $285.7 million, and acquired 3,459 bitcoins for $285.8 million. These transactions reflect Strategy’s ongoing efforts to manage its securities and cryptocurrency assets effectively, potentially impacting its financial strategy and market positioning.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
Strategy, formerly MicroStrategy, faces significant financial challenges with high leverage and cash flow issues, impacting its financial performance score. While innovative strategies in Bitcoin and cloud services show promise, the negative P/E ratio and lack of dividend yield present valuation concerns. The earnings call and corporate events suggest strategic progress, but financial instability and regulatory risks remain prominent. Overall, Strategy’s stock presents a high-risk, high-reward scenario.
To see Spark’s full report on MSTR stock, click here.
MicroStrategy Incorporated has highlighted potential challenges related to its Perpetual Strike Preferred Stock and its substantial indebtedness. The company anticipates that regulatory actions could impact investors’ ability to engage in convertible arbitrage strategies, potentially affecting the trading price and liquidity of its preferred stock. Additionally, MicroStrategy’s significant debt load, which includes various convertible notes, may limit its financial flexibility and ability to pursue its bitcoin strategy and other business opportunities. The company faces risks related to its ability to service its debt, which could lead to financial instability or necessitate asset sales or restructuring.
Spark’s Take on MSTR Stock
According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.
Strategy faces significant financial challenges, primarily due to its high leverage and operational inefficiencies. However, strong growth in subscription services and strategic capital maneuvers, particularly in Bitcoin, provide potential upside. The valuation remains uncertain due to negative earnings and high volatility, while technical indicators show mixed signals. Overall, the stock presents a high-risk, high-reward scenario.
To see Spark’s full report on MSTR stock, click here.
Strategy, operating as MicroStrategy Incorporated, announced updates to its at-the-market offering programs and bitcoin holdings as of March 31, 2025. The company sold 3,645,528 shares of its Class A Common Stock, generating $1.20 billion in net proceeds, and 213,807 shares of its 8.00% series A perpetual strike preferred stock, raising $18.52 million. Additionally, Strategy completed a public offering of 8,500,000 shares of its 10.00% Series A Perpetual Strife Preferred Stock, expecting net proceeds of approximately $711.2 million. In the same period, the company acquired 22,048 bitcoins, bringing its total holdings to 528,185 bitcoins, with a total purchase price of $35.63 billion.
Between March 17 and March 23, 2025, Strategy sold 1,975,000 shares of its class A common stock, generating approximately $592.6 million, and 13,100 shares of its preferred stock, raising about $1.1 million. The proceeds were used to purchase 6,911 bitcoins for $584.1 million, increasing the company’s total bitcoin holdings to approximately 506,137 bitcoins, acquired at an average price of $66,608 per bitcoin. This move underscores Strategy’s aggressive investment in bitcoin, potentially impacting its market positioning and stakeholder interests.
MicroStrategy Incorporated, operating as Strategy, announced that between March 10 and March 16, 2025, it did not sell any shares of its class A common stock under its at-the-market offering program. However, during the same period, the company sold 123,000 shares of its 8.00% series A perpetual strike preferred stock, generating approximately $10.7 million in net proceeds. Additionally, the company used these proceeds to acquire approximately 130 bitcoins at an average price of $82,981 per bitcoin, increasing its total bitcoin holdings to approximately 499,226 bitcoins.
On March 10, 2025, Strategy announced a sales agreement with multiple agents to issue and sell up to $21 billion of its 8.00% series A perpetual strike preferred stock, convertible into class A common stock. The proceeds from this offering are intended for general corporate purposes, including Bitcoin acquisition and working capital. The sales will be conducted at the market through various methods, with no obligation for Strategy or agents to buy or sell any shares. The announcement reflects Strategy’s ongoing commitment to leveraging its financial strategies to enhance its market positioning and operational capabilities.
MicroStrategy Incorporated, operating as Strategy, announced on March 3, 2025, that it did not sell any shares of class A common stock or purchase any bitcoin between February 24, 2025, and March 2, 2025. As of March 2, 2025, the company held approximately 499,096 bitcoins, acquired at a total cost of about $33.1 billion. Additionally, the board declared a quarterly cash dividend of approximately $1.24 per share on its 8.00% series A perpetual strike preferred stock, payable on March 31, 2025, to stockholders of record as of March 15, 2025.
Between January 1, 2025, and February 23, 2025, Strategy company reported a BTC Yield of 6.9%, a BTC Gain of 30,702, and a BTC $ Gain of $2.941 billion. The company completed a private offering of 0% convertible senior notes due 2030, raising approximately $1.99 billion, which was used to acquire 20,356 bitcoins. As of February 23, 2025, the company held 499,096 bitcoins. These metrics indicate the company’s strategy of acquiring bitcoin to enhance shareholder value, although they do not account for liabilities or predict stock trading prices.
MicroStrategy, a company known for its significant holdings in bitcoin, announced that it did not engage in any bitcoin purchases or sales of class A common stock between February 10 and February 17, 2025. As of February 17, 2025, MicroStrategy and its subsidiaries held approximately 478,740 bitcoins at an average purchase price of $65,033 per bitcoin. Additionally, the company plans to redeem its 0.0% Convertible Senior Notes due 2027 on February 24, 2025, with conversion requests already received for a significant portion of the notes, leading to the issuance of over 6 million shares.
MicroStrategy Incorporated, operating as Strategy, announced significant activities between January 1, 2025, and February 9, 2025, including a 4.1% increase in BTC Yield, a BTC Gain of 18,527, and a BTC $ Gain of $1.785 billion. As of February 9, 2025, the company held 478,740 bitcoins acquired at an aggregate cost of $31.1 billion. During the same period, the company sold 516,413 shares under a sales agreement, generating $179 million, and completed a public offering of preferred stock netting approximately $563.4 million. These financial maneuvers were used to acquire 7,633 bitcoins for roughly $742.4 million, enhancing their strategic bitcoin holdings. Additionally, the company announced the redemption of its 2027 Convertible Notes, with significant conversion requests received, impacting the company’s share structure.