Live on Kick talking this market dip, jobs report, rate cuts, COIN and MSTR + a lot morehttps://t.co/mR4ZZM6Jb2 ...

Company Overview - Strategy Inc. (MSTR), formerly known as MicroStrategy, reported Q2 earnings that exceeded expectations by 32 times, with earnings of 7 cents per share [1] Analyst Background - The analysis is conducted by Uttam, a growth-oriented investment analyst focusing on the technology sector, including semiconductors, artificial intelligence, and cloud software [1] - Uttam has experience leading teams at major technology firms such as Apple and Google, and co-authors The Pragmatic Optimist Newsletter, which is cited by prominent publications [1]

$MSTR is Amplified Bitcoin.$STRK is Structured Bitcoin.$STRC is Treasury Bitcoin. https://t.co/iv5O6NkIol ...

💥BREAKING:MICHAEL SAYLOR’S ‘STRATEGY’ FILES $4.2 BILLION OFFERING TO BUY MORE BITCOIN. https://t.co/iStQ36GDE4 ...

.@MicroStrategy, formerly known as MicroStrategy, reported a record profit of $10 billion on Thursday after its Bitcoin holdings rebounded in value during the second quarter. https://t.co/R9R7kQy6F1 ...

Financial Data and Key Metrics Changes - The company reported a record GAAP operating income of $14 billion and net income of $10 billion for Q2 2025, resulting in a fully diluted EPS of $32.6, the highest in its history [8] - Year-to-date, the company achieved $8.1 billion in GAAP operating income and $5.7 billion in net income, with an EPS of $19.43, also a record high [8] - The market capitalization has surpassed $112 billion, making the company the 96th largest public company in the US [6] Business Line Data and Key Metrics Changes - The company holds 620,879,791 Bitcoin, accounting for 3% of all Bitcoin in existence, positioning it as a dominant player in the Bitcoin treasury space [6] - Year-to-date, the company has generated a BTC yield of 25% and a BTC dollar gain of $13.2 billion, nearing its full-year target of $15 billion [10][11] Market Data and Key Metrics Changes - The company has launched four listed preferred equity offerings in 2025, with STRC being the largest IPO in the US this year [7] - The company has raised $18.3 billion in capital year-to-date, which is 81% of the total capital raised in the previous year [7] Company Strategy and Development Direction - The company is focused on expanding its capital markets plan and enhancing its Bitcoin-backed credit instruments [7] - The management emphasizes the importance of Bitcoin as a treasury reserve asset, highlighting a trend of increasing corporate adoption of Bitcoin [22][24] Management's Comments on Operating Environment and Future Outlook - The management noted a supportive political environment for Bitcoin, with significant changes in the administration's stance towards cryptocurrency [18][19] - The company anticipates continued growth in Bitcoin adoption among public companies, with a notable increase in the number of companies acquiring Bitcoin [22][24] Other Important Information - The company has maintained a low cost basis for its Bitcoin holdings, having purchased over $74 billion worth of Bitcoin at an average cost of just over $73,000 per Bitcoin [11][12] - The adoption of FASB's fair value accounting has significantly increased the company's stockholders' equity by $12.7 billion [12] Q&A Session Summary Question: What is the outlook for Bitcoin prices? - Analysts covering the company forecast an average Bitcoin price of $168,000 by the end of the year, indicating strong market confidence [25] Question: How does the company plan to manage its debt? - The company has a robust balance sheet with $74 billion in Bitcoin holdings, providing significant over-collateralization against its debt obligations [14][15]

Financial Data and Key Metrics Changes - The company reported a record GAAP operating income of $14 billion and net income of $10 billion for Q2 2025, resulting in a fully diluted EPS of $32.6, the highest in the company's history [7][10] - Year-to-date, the company achieved $8.1 billion in GAAP operating income and $5.7 billion in net income, with an EPS of $19.43, also a record high [7][10] - The market capitalization surpassed $112 billion, making the company the 96th largest public company in the US [5] Business Line Data and Key Metrics Changes - The company holds 620,879,791 Bitcoin, accounting for 3% of all Bitcoin in existence, positioning it as a dominant player in the Bitcoin treasury space [5] - Year-to-date, the company achieved a BTC yield of 25% and a BTC gain of 111,194 Bitcoin [9][10] - The company raised $18.3 billion in capital year-to-date, representing 81% of the total capital raised in the previous year [6] Market Data and Key Metrics Changes - The company noted a significant increase in Bitcoin per share (BPS), achieving 39,716 Satoshis year-to-date, which is approximately 6060% of the previous year's performance [9] - The fair value of the company's Bitcoin holdings increased significantly due to the adoption of FASB's fair value accounting standard, with a one-time adjustment of $17.9 billion recorded [11] Company Strategy and Development Direction - The company is focused on expanding its capital markets plan and has launched four listed preferred equity offerings, with STRC being the largest IPO in the US this year [6] - The management emphasized the importance of Bitcoin as a treasury reserve asset, highlighting the growing trend of companies acquiring Bitcoin [21][24] - The company aims to refine Bitcoin into various financial products, targeting different investor profiles, including low volatility and high yield options [34][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the supportive political landscape for Bitcoin, noting the increased enthusiasm from the current administration [17][19] - The company anticipates continued growth in the Bitcoin ecosystem, with a consensus price forecast of $168,000 for Bitcoin by the end of the year from analysts [26] - Management highlighted the potential for institutional adoption of Bitcoin as collateral in the banking industry, driven by recent regulatory developments [29] Other Important Information - The company has maintained a strong balance sheet, with $74 billion in Bitcoin holdings purchased at a cost of $46 billion, reflecting a low cost basis [10][11] - The company has consistently added Bitcoin to its balance sheet every quarter since August 2020, with all Bitcoin holdings remaining unencumbered [10] Q&A Session Summary Question: What is the company's outlook on Bitcoin's future price? - Management noted that analysts project a consensus price of $168,000 for Bitcoin by year-end, reflecting positive sentiment in the market [26] Question: How does the company plan to manage its capital structure? - The company plans to strategically manage its convertible debt and preferred equity, ensuring that its Bitcoin holdings provide a robust backing for its obligations [12][13] Question: What are the implications of the recent regulatory changes for the company? - Management highlighted that recent regulatory developments, including the SEC's support for Bitcoin ETFs, are expected to accelerate the growth of the Bitcoin industry and benefit the company [28][29]

For those who would prefer to view the $MSTR Q2 Earnings Call on YouTube: https://t.co/DN888aHzHg ...

Q2 2025 Financial Results July 31, 2025 Copyright © 2025 Strategy. All Rights Reserved. Strategy Q2 2025 Earnings Call Safe Harbor Statement FORWARD-LOOKING STATEMENTS Some of the information we provide in this presentation regarding our future expectations, plans, guidance, and prospects may constitute forward-looking statements, including, without limitation, our guidance with respect to 2025 operating income, net income, earnings per share, BTC Yield and BTC $ Gain, and the hypothetical valuation models ...

Financial Performance - The company will review Q2 financial results [1] - The company will introduce new metrics [1] Company Updates - The company will provide an update on its capital plan [1] - The company will discuss $MSTR, $STRK, $STRF, $STRD, and $STRC [1] Investor Relations - The company will host a live Q&A session [1]