Strategy/$MSTR
Strategy shares surge alongside Bitcoin after analysts raised price targets, citing stronger digital-asset momentum and improved liquidity from the company’s USD cash reserve.
11 hours agoLightyear AI
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Capital at risk
About Strategy
Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company's enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education). Geographically, the company operates in EMEA, U.S. and Other Regions, of which maximum revenue is derived from U.S..
- Ticker
- $MSTR
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 1,539
- Headquarters
- Tysons Corner, United States
- Website
- www.strategy.com
Strategy Metrics
BasicAdvanced
$51B
-
-$99.30
3.55
-
Price and volume
Market cap
$51B
Beta
3.55
52-week high
$365.21
52-week low
$81.81
Average daily volume
25M
Financial strength
Current ratio
5.39
Quick ratio
5.221
Long term debt to equity
0.148
Total debt to equity
0.149
Interest coverage (TTM)
-608.87%
Profitability
EBITDA (TTM)
-36,354.968
Gross margin (TTM)
67.60%
Net profit margin (TTM)
-6,102.96%
Operating margin (TTM)
-7,295.38%
Effective tax rate (TTM)
16.15%
Revenue per employee (TTM)
$320,000
Management effectiveness
Return on assets (TTM)
-38.73%
Return on equity (TTM)
-63.56%
Valuation
Price to revenue (TTM)
83.95
Price to book
1.59
Price to tangible book (TTM)
1.59
Price to free cash flow (TTM)
-42.106
Free cash flow yield (TTM)
-2.37%
Free cash flow per share (TTM)
-3.141
Growth
Revenue change (TTM)
7.79%
Earnings per share change (TTM)
-627.54%
3-year revenue growth (CAGR)
-0.13%
10-year revenue growth (CAGR)
-0.33%
3-year earnings per share growth (CAGR)
293.43%
10-year earnings per share growth (CAGR)
61.31%
What the Analysts think about Strategy
Analyst ratings (Buy, Hold, Sell) for Strategy stock.
Analyst projections of the future price of Strategy stock.
Bulls say / Bears say
Strategy holds 845,050 bitcoin, roughly 4% of the fixed 21 million supply, and resumed buying with a $370 million purchase in late August. That gives MSTR unusually direct exposure to any sustained Bitcoin recovery. (The Motley Fool, Strategy)
Management has strengthened the balance sheet while expanding the treasury: second-quarter convertible debt fell 18% to $6.7 billion, Bitcoin per share rose 5%, and the USD Reserve was reported as sufficient to cover more than two years of preferred dividends and interest. Buying back discounted STRC preferred shares can also reduce future dividend obligations. (Last10K, Crypto Briefing)
The underlying software business is still growing rather than disappearing: second-quarter revenue rose 6.9% year on year to $122.4 million. Its AI and cloud analytics products provide a recurring operating business alongside the Bitcoin treasury. (Last10K, StockTitan)
The capital stack puts common shareholders behind about $6.7 billion of convertible debt and more than $15 billion of preferred stock, while STRC carries a 12% annualised dividend. Strategy sold 3,620 bitcoin in the first half of 2026 to help fund dividends, showing how prolonged weakness could force further asset sales or dilution. (The Motley Fool, KuCoin)
The valuation flywheel is weaker when MSTR trades around or below the value of its Bitcoin: issuing common stock then becomes far less accretive, or potentially dilutive, to Bitcoin per share. Recent reports put mNAV close to 1.0x after a much higher historical premium, limiting Strategy’s ability to fund accumulation on attractive terms. (Gate, KuCoin)
Bitcoin volatility can overwhelm the operating business: Strategy reported an $8.22 billion second-quarter net loss, driven largely by unrealised digital-asset losses, even though revenue increased. A further Bitcoin fall would reduce the treasury’s value and could pressure reserves, preferred securities and the share price at the same time. (Last10K, StockSentinel)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.
Strategy Financial Performance
Revenues and expenses
Strategy Earnings Performance
Company profitability
Upcoming events
No upcoming events
Strategy News
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Funds containing Strategy
AllEURGBPUSD
Fund name | Fund size | $MSTR weighting |
|---|---|---|
VanEck Crypto And Blockchain Innovators€DAVV | €548M | 5.27% |
VanEck Crypto And Blockchain Innovators£DAGB | £635M | 5.27% |
iShares Automation & Robotics$RBOT | $5.2B | 2.30% |
iShares Automation & Robotics€2B76 | €4.5B | 2.30% |
iShares Automation & Robotics£RBTX | £3.8B | 2.30% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.