Strategy Inc (formerly MicroStrategy) operates as a Bitcoin Treasury Company. Its primary business is acquiring and holding bitcoin, with approximately 848,517 BTC held as of October 25, 2026. It funds those holdings through capital markets activity, including at-the-market sales of MSTR class A common stock, convertible notes, and a family of perpetual preferred 'Digital Credit' securities: STRF, STRC (variable-rate Stretch Preferred), STRK, STRD, and the euro-denominated STRE listed on LuxSE. These instruments give investors varying degrees of economic exposure to bitcoin. Following shareholder approval in October 2026, they are moving to daily dividend accrual. The company carries bitcoin at fair value under ASU 2023-08, so quarterly earnings swing with bitcoin's price. It maintains a USD Reserve and USD Cash to cover preferred dividends and interest, and it has board authorization to sell bitcoin to fund dividends, interest and repurchases. It runs repurchase programs for both its Digital Credit securities and MSTR common stock. Strategy also operates an AI-powered enterprise analytics software business under the MicroStrategy brand. That business generates revenue from cloud subscription services, product licenses, product support and consulting/education services, and is in an ongoing transition from perpetual licenses to cloud subscriptions. Updated
Strategy bought bitcoin at an average $80,846, taking the stack to 849,327 BTC, while selling 1.18 million common shares to fund a $208 million preferred buyback. Equity holders are absorbing dilution to shrink the preferred stack.
STRATEGY ($MSTR ) BUYS 811 BITCOIN, REPURCHASES $208 MILLION IN PREFERRED SHARES
Strategy acquired 811 BTC for $65.5 million at an average price of $80,846 per Bitcoin, bringing total holdings to 849,327 BTC.
The company also sold 1.18 million MSTR shares, raising $164 million,
Intel opened down 29%, a one-day drop of a size this name almost never posts, while the top of the board belongs entirely to pharma, led by Regeneron. Four of the five biggest decliners fell by double digits.
The entire earnings beat came from a $20.91 billion gain on bitcoin holdings, while software revenue slipped year over year and missed expectations. The real change for income investors: all four preferred series move to daily dividend accrual, starting November 1.
Nearly 16 points separated the best and worst close across a 390-name watchlist, with Super Micro Computer up 9.56% to $35.58 and AT&T down 6.08% to $22. AI infrastructure and crypto-linked names took the top spots; communications and consumer took the hits.
Cantor's $208 target on Strategy rests entirely on a 12-month Bitcoin assumption of $112,000, so anyone holding the leveraged crypto proxy is really underwriting that call.
CANTOR FITZGERALD RAISES STRATEGY ($MSTR ) PRICE TARGET TO $208
Cantor Fitzgerald raised its price target on Strategy to $208 from $186, maintaining an Overweight rating.
Analyst Ramsey El-Assal increased his 12-month Bitcoin (bitcoin:native ) price assumption to $112,000 from
Spotify closed the session's best performer at 5.24%, taking the stock to $513.73. GoPro, MicroStrategy, Iren, Applied Optoelectronics and Lucid all shed more than 6%.
Retail traders are split on the broad market even as it draws 278 comments, the most of any name today, while Tesla, McDonald's, MicroStrategy and SPCX all pull bullish chatter. Sentiment on Google is souring fast.
A trader says his $1 million margin YOLO doubled in two months, and he's answering by piling another $1 million of margin gains into a single de-SPAC name plus Tesla and McDonald's. Max margin turns any drawdown into a forced seller, which is the part these updates never show until it happens.
Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.
Cramer still buys Palantir at $190 after the stock gained 60% in Q3 and stalled short of his $250 target
Salesforce, up 46.5%, called the better SaaS-apocalypse rebound than Veeva at 30 times earnings
Caterpillar's 24% Q3 profit taking framed as a buying chance on data center engine demand
IBM, down 22% on its miss, gets the wait-a-quarter rule; Home Depot stays hostage to rates
Cramer wants to add software as the bounce-back trade and the beaten-down industrial names tied to data center power. He also warns that rising rates are the real threat heading into earnings season in a couple of weeks.
After two straight losing Octobers and a historic breach at the world's largest crypto exchange, Bitcoin heads into November facing a gauntlet of make-or-break dates that could send it soaring past $86,000…
Michael Saylor, the executive chairman of Strategy Inc. (NASDAQ: MSTR | MSTR Price Prediction), shared his purchase chart on X on November 1, 2026. This move often signals that another Bitcoin (CRYPTO:…
A Nasdaq company just approved the sale of thousands of Bitcoin, blaming quantum computing risk and a massive exchange hack. But are those genuine threats driving the decision, or does something else…
Strategy Inc. just reported record profits while quietly offloading hundreds of millions in Bitcoin to cover mounting preferred stock costs. Whether the world's largest corporate Bitcoin holder is starting to shift from…
A record theft at Binance and a weak trading quarter are pulling crypto stocks lower. Coinbase Global (NASDAQ:COIN | COIN Price Prediction) stock is at $142.50 in morning trading, down 11%. The…
Bitcoin sits more than a third below its record high, and ChatGPT has a surprisingly specific month when it could get back there, along with the exact conditions that could push that…
Hyperliquid's biggest Bitcoin traders just flipped short for the first time in months, but whether they're calling a crash or quietly protecting their bags changes everything about what happens next.
Strive (NASDAQ: ASST) announced it purchased 6,182 Bitcoin (CRYPTO: BTC) from October 17 to October 23, bringing its total holdings to 43,000 BTC. In contrast, Strategy Inc. (NASDAQ: MSTR | MSTR Price…
Bitcoin sits roughly 37% below its all-time high, and the next halving clock is ticking toward 2028. Whether bulls can close that gap hinges on a fragile mix of Fed moves, ETF…
Strategy Inc. (NASDAQ: MSTR | MSTR Price Prediction) reported cash reserves of $5.1 billion, enough to cover dividends and interest payments for the next 3.4 years without selling any Bitcoin. Executive Chairman Michael…
Bitcoin (CRYPTO:BTC) is hovering around $80,000, the average price many of Wall Street’s recent Bitcoin investors paid, so many are weighing whether to buy at $80,000. BTC is trading at about $79,560,…
Crypto-linked equities are absorbing a heavier blow than the digital asset they track, which places the pressure directly on the stocks. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock has dropped 4%…
Strategy Inc. (NASDAQ: MSTR | MSTR Price Prediction) experienced an $8.3 billion paper loss on its Bitcoin (CRYPTO: BTC) holdings in the second quarter, largely due to a drop in the cryptocurrency’s…
Strategy (NASDAQ:MSTR | MSTR Price Prediction) reports third-quarter results on Oct. 29 after the bell. After three straight quarters of multibillion-dollar markdowns on its Bitcoin (CRYPTO:BTC) treasury, fair value accounting could finally swing…
JPMorgan just gave Bitcoin a place in serious long-term forecasts, but the projected return tells only half the story. The other half, rooted in volatility that can carve 50% from your holdings,…
Strategy Inc (formerly MicroStrategy) operates as a Bitcoin Treasury Company. Its primary business is acquiring and holding bitcoin, with approximately 848,517 BTC held as of October 25, 2026.
