Headquartered in Tysons Corner, VA Fiscal year ends December NASDAQ: STRD strategy.com
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
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.
Strategy skipped Bitcoin again and quietly funneled hundreds of millions into its own preferred stock instead, raising a question that should unsettle shareholders: is this still a Bitcoin company, or has something…
Michael Saylor just broke a ten-week silence with a massive Bitcoin buy, but the timing raises an uncomfortable question about whether Strategy's comeback signals conviction or a costly mistake.
Strategy surged 18% to lead the Nasdaq on Thursday, yet its shareholders are sitting on a loss that dwarfs bitcoin's own slide over the past year. The same leverage that fueled one…
Peter Schiff has spent years arguing Bitcoin is a mirage, so when he calls a move by Michael Saylor a warning sign, it carries weight. On a recent episode of The Peter…
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.
