Strategy/$MSTR
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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
$49B
-
-$99.30
3.55
-
Price and volume
Market cap
$49B
Beta
3.55
52-week high
$365.21
52-week low
$81.81
Average daily volume
24M
Financial strength
Current ratio
5.39
Quick ratio
5.194
Long term debt to equity
14.85
Total debt to equity
14.938
Interest coverage (TTM)
-559.60%
Profitability
EBITDA (TTM)
-36,353.538
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)
81.608
Price to book
1.55
Price to tangible book (TTM)
1.55
Price to free cash flow (TTM)
-40.931
Free cash flow yield (TTM)
-2.44%
Free cash flow per share (TTM)
-3.141
Growth
Revenue change (TTM)
7.79%
Earnings per share change (TTM)
-612.63%
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
Aggressive Bitcoin accumulation: Strategy acquired 3,015 BTC between Feb. 23 and Mar. 1, 2026 using common shares to finance purchases, boosting its Bitcoin-per-share metric and demonstrating management’s conviction in its treasury strategy. (Bloomberg)
Strong asset backing: As of June 30, 2026, Strategy held 843,775 BTC, a 25% year-to-date increase, making it the largest institutional Bitcoin holder globally and providing a solid tangible asset base for the equity. (FT)
Disciplined capital framework: On June 29, 2026, Strategy adopted a Digital Credit Capital Framework establishing dedicated liquidity policies and separate $1 billion repurchase programs for both common and preferred securities, preserving long-term Bitcoin exposure and supporting shareholder value. (FT)
Volatile earnings: Strategy reported a net loss of $8.22 billion, or $24.45 per share, in Q2 2026 driven by an $8.32 billion unrealized loss on its Bitcoin holdings, highlighting the high earnings volatility tied to cryptocurrency price swings. (Reuters)
NAV discount risk: On June 29, 2026, Strategy’s market valuation fell below the value of its Bitcoin holdings (mNAV 0.99) for the first time, signaling deep investor skepticism in its Bitcoin treasury model and raising discount-to-NAV concerns. (Reuters)
Equity dilution: Strategy’s reliance on at-the-market equity offerings diluted shareholder value, with the company raising approximately $8.41 billion in gross proceeds during Q2 2026 and an additional $1.28 billion by July 26 under its ATM program, posing ongoing dilution risk. (SEC 10-Q)
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2026.
Strategy Financial Performance
Revenues and expenses
Strategy Earnings Performance
Company profitability
Upcoming events
No upcoming events
Strategy News
AllArticlesVideos
Funds containing Strategy
AllEURGBPUSD
Fund name | Fund size | $MSTR weighting |
|---|---|---|
VanEck Crypto And Blockchain Innovators€DAVV | €548M | 5.08% |
VanEck Crypto And Blockchain Innovators£DAGB | £635M | 5.08% |
Invesco CoinShares Global Blockchain£BCHS | £879M | 1.87% |
iShares Automation & Robotics$RBOT | $5.2B | 1.85% |
iShares Automation & Robotics€2B76 | €4.5B | 1.85% |
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.