Strategy Inc (MSTR) Stock Price Quote, News & Filings

Summary

Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.

Website

www.strategy.com

Location

Tysons Corner, VA, US

Phone703 848 8600

Employees1,539

CEOPhong Q. Le

IPO DateJun 11, 1998

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… , we signed the Crypto Climate Accord, a private sector-led initiative that aims to decarbonize the crypto and blockchain sectors. On December 7, 2021, we became a member of the Bitcoin Mining Council (“BMC”), joining MicroStrategy and other founding members to promote transparency, share best practices, and educate the public on the benefits of bitcoin and bitcoin mining. *Miner Deployments* During the three months ended September 30, 2026, we …
Bit Digital, IncStrategy Inc·10-Q - QUARTERLY REPORT Q3·Q3 26·12 Nov
… are held by long-term, low-activity entities (so-called “conviction buyers”), with this figure having grown approximately threefold since late 2025. The largest publicly disclosed corporate holder, Strategy (formerly MicroStrategy), holds 843,775 BTC as of July 26, 2026. The largest custodial concentrations are held by ETF custodians (notably Coinbase Custody, which holds BTC on behalf of several U.S. spot ETF issuers) and major exchanges (Bina …
Cryptex Digital Market Cap ETFStrategy Inc·S-1/A - PRE-EFFECTIVE AMENDMENT NO. 7 TO FORM S-1·Q4 26·10 Nov
… e enabling advanced AI and high-performance computing (“HPC”) workloads. Through Sentinum, Inc., we have mined Bitcoin for years, providing a foundation of operational expertise in digital assets. Building on this experience, we now plan to hold Bitcoin as a primary treasury reserve asset, similar to the approach pioneered by MicroStrategy, while continuing to invest in Michigan as its long-term infrastructure hub. *Sentinum Breakeven Analysis*
Hyperscale Data, Inc.Strategy Inc·424B5 - Prospectus filing (Rule 424(b)(5))·Q4 26·6 Nov
… ding the acceptance and value of Bitcoin as an open and secure protocol for digital assets and to be a lightning network. As of September 30, 2026, bitcoin represented approximately 95% of Strategy Inc.’ total assets. MicroStrategy develops “layer-2” solutions which refers to any off-chain network, system, or technology built on top of a blockchain refers to any off-chain network, system, or technology built on top of a blockchain. While layer-2 …
GraniteShares ETF TrustStrategy Inc·497K - Form 497K - Summary prospectus·28 Oct·28 Oct
’s investment exposure to the Underlying Asset, the Fund’s investment exposure is concentrated in the software and information technology industry and carries risks associated to bitcoin. Strategy Inc (formerly MicroStrategy Incorporated) describes itself as a bitcoin treasury company. Strategy Inc. acquires and holds bitcoin, using proceeds from equity and debt financings and cash flows from operations, and also provides enterprise analytics so …
GraniteShares ETF TrustStrategy Inc·497K - Form 497K - Summary prospectus·28 Oct·28 Oct
… ding the acceptance and value of Bitcoin as an open and secure protocol for digital assets and to be a lightning network. As of September 30, 2026, bitcoin represented approximately 95% of Strategy Inc.’ total assets. MicroStrategy develops “layer-2” solutions which refers to any off-chain network, system, or technology built on top of a blockchain refers to any off-chain network, system, or technology built on top of a blockchain. While layer-2 …
GraniteShares ETF TrustStrategy Inc·497 - Form 497 - Definitive materials (investment companies)·28 Oct·28 Oct

Key Stats

Trading

Px/Chg 1D$160.01 / -0.31%

Avg Volume19.86M

Beta2.02

Mkt Cap52.93B

FD Mkt Cap42.77B

Float

Shrs Out/Float330.81M / 330.04M

Short Float0.13%

Days to Cover1.32

Stock Repurchased$0.00

Current Valuation

EV67.97B

EV/EBITDA-4.86

EV/Sales138.58

P/B1.16

P/S107.92

FCF Yield0.02%

ROE-27.48%

ROA-23.11%

Current Ratio6.05

Estimates

P/E-4.28

Est P/E0.00

Est EPS-0.86

Est PEG0.00

Valuation

Metric	5Yr Avg	Apr '23	Apr '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	-8.45	-2.53	33.93	-65.09	-4.35	-4.22
Price / Sales	214.65	7.45	29.34	163.85	446.77	425.85
Price / Book Value	0.68	-9.70	6.73	4.17	1.08	1.16
Price / Free Cash Flow	803.70	-12.95	-7.69	-3.43	-17.63	4,060.18
ENTERPRISE VALUE METRICS
Enterprise Value	48,371.9	6,120.3	16,766.9	83,155.9	67,848.7	67,967.7
Enterprise Value / Sales	264.79	12.26	33.79	179.43	551.66	546.80
Enterprise Value / EBITDA	-66.60	-4.86	-274.70	-44.84	-3.89	-4.70
Enterprise Value / EBIT	-55.94	-4.82	-221.89	-44.41	-3.89	-4.70

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	-1.7%	510.8	499.3	496.3	463.5	477.2
Gross Income	-5.9%	418.9	396.3	386.3	334.0	327.8
EBITDA	63%	-770.9	-1,258.5	-61.0	-1,854.6	-5,435.5
EBIT	62.5%	-782.2	-1,269.3	-75.6	-1,872.4	-5,461.0
Net Income	65.6%	-535.5	-1,469.8	429.1	-1,166.7	-4,031.5
EPS (Diluted)	30%	-5.34	-12.98	2.64	-6.06	-15.23
BALANCE SHEET
Cash & ST Inv	145.6%	63.4	43.8	46.8	38.1	2,303.3
Total Assets	104%	3,557.1	2,410.3	4,762.5	25,843.7	61,641.1
Total Liabilities	42.4%	2,578.2	2,793.4	2,597.6	7,613.7	10,598.1
Total Shareholder Equity	168.7%	979.0	-383.1	2,165.0	18,230.0	51,043.0
CASH FLOW
Net Operating Cash Flow	—	93.8	3.2	12.7	-53.0	-67.2
Cap Ex	71.1%	-2,629.2	-290.4	-1,905.2	-22,086.2	-22,512.3
Free Cash Flow	72.7%	-2,535.4	-287.2	-1,892.5	-22,139.3	-22,579.5

Enterprise Value Bridge

Millions USD		13 Nov '26
Price (As of 13 Nov '26)		111.59
Basic Shares		330.81
Market Cap		36,914.9
Diluted Shares		428.05
Fully Diluted Shares Outstanding		428.05
Fully Diluted Market Cap		47,766.0
+Consolidated Debt		6,776.2
−In-the-Money Convertible Debt		—
+Capital Leases		60.8
+Operating Leases		—
−Cash & Equivalents		-2,501.5
−Short-term Investments		-3,404.5
+Total Preferred		13,056.3
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		-
+Pension Liabilities		—
Enterprise Value		54,245.9

Segment data

Revenue

by Products and services

Product Support43%
Subscription Services37%
Other Services12%
Product Licenses8%