Headquartered in Tysons Corner, VA·Fiscal year ends December·NASDAQ: MSTR·strategy.com
About Strategy
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.
Russia’s central bank opened the crypto market to retail investors. Under a new Bank of Russia regulation, investors who aren’t classified as professional buyers can start buying Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and…
Strategy's Bitcoin hoard sits barely above water, and a billion-dollar dividend bill, a razor-thin premium, and an MSCI verdict all loom. One bad daily close could set off all three at once…
Strive kept loading up on Bitcoin while the biggest corporate holder pulled back, and the market has not rewarded the move. With the stock trading below the value of its coins, one…
Bitcoin (CRYPTO: BTC) is trading at $75,773, remaining below the critical $76,000 mark it lost on November 5, 2026. This decline follows a significant net outflow of $430.2 million from US spot…
A sharp reversal in Bitcoin (CRYPTO:BTC) is pulling crypto-linked stocks lower together, and fresh good news at a leading stablecoin issuer isn’t offering any shelter. Circle Internet Group (NYSE:CRCL | CRCL Price…
Strategy Inc. (NASDAQ:MSTR | MSTR Price Prediction) disclosed another round of Bitcoin (CRYPTO:BTC) buying this week while investors in U.S. spot bitcoin ETFs kept pulling money out. The filing also shows that…
Tether CEO Paolo Ardoino announced that the stablecoin issuer possesses 150,000 Bitcoin (CRYPTO: BTC), valued at around $11.5 billion. This figure represents an increase of 50,000 coins from Tether’s latest reserve report…
Strategy Inc. just posted one of the most jaw-dropping earnings beats in recent memory, yet the stock is falling and bitcoin keeps sliding further from its peak. Whether the company's capital-raising machine…
XRP needs a 300% gain while Bitcoin needs less than half that, yet ChatGPT gives Bitcoin the edge on timing. The math behind which milestone gets hit first reveals a surprising tension…
Crypto-linked stocks sold off together in October. The largest corporate holder of Bitcoin (CRYPTO:BTC) held up better than its two closest peers. Strategy (NASDAQ:MSTR | MSTR Price Prediction) stock is at $133.07…
Galaxy Digital's head of research has drawn a line in the sand at a specific Bitcoin price level, warning that a break below it would kill his bullish case entirely. With Bitcoin…
Bitcoin (CRYPTO: BTC) holders continue to sell at a loss, marking their longest stretch of daily losses in about three months. According to on-chain analytics firm Glassnode, sellers are offloading coins below…
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 (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.
What is the MSTR stock price target?
The Wall Street consensus 12-month price target for MSTR is $233.27. MSTR price prediction →
