Group 1 - The core point of the news is that MSTR (MicroStrategy) shares fell by 3.6% to $172.48 in pre-market trading following the announcement that Sandisk Corp. will officially join the S&P 500 index on November 28, which is a competitive setback for MSTR that recently qualified for inclusion in the index [1] Group 2 - MSTR's closing price on November 24 was $179.04, reflecting an increase of 5.01% [2] - The pre-market price for MSTR on November 25 was $172.48, down by $6.56 or 3.66% [2] - MSTR's trading volume was 23.2826 million shares, with a total market capitalization of $51.448 billion [2] - The stock's 52-week high was $457.22, while the 52-week low was $166.01 [2]

RT Gareth Jenkinson (@gazza_jenks)"Every company needs to become a Bitcoin treasury company because Bitcoin is better money."I sat down with @saifedean for an in-depth chat on the state of Bitcoin and Treasury companies remain a big focal point.Are there too many Bitcoin Treasuries? Here's the TL;DR 👇🥇 @Strategy still has first-mover advantage🏦 Bitcoin's hard money properties are superior to fiat🧠 @saylor pioneered Bitcoin financial arbitrage"You want to make your treasury run on Bitcoin rather than other i ...

We recently published Jim Cramer Discussed These 11 Stocks & Commented On A Market Reversal. Strategy Inc (NASDAQ:MSTR) is one of the stocks Jim Cramer discussed. With Bitcoin's price dipping below the $90,000 mark, it's unsurprising that Strategy Inc (NASDAQ:MSTR) has also crossed Jim Cramer's radar. Over several recent appearances, the CNBC TV host has called the firm's CEO, Michael Saylor, a "Houdini" and added that Saylor is one of the top players in the Bitcoin space. In this appearance, he discussed ...

Group 1 - Strategy Inc. (MSTR) has once again failed to be included in the S&P 500 index [1] - Sandisk (SNDK), a computer storage device manufacturer, will be added to the S&P 500 index this Friday, replacing Interpublic Group (IPG) [1] - Over the past three months, Sandisk's stock price has surged nearly 400% driven by the AI concept [1]

Regulatory Actions & Restrictions - JPMorgan raised MicroStrategy (MSTR) margin requirements to 95% [1] - JPMorgan won't deliver MSTR shares to clients trying to transfer out [1] - Clients are unable to borrow against or move their MSTR shares held at JPMorgan [1] Market Manipulation Allegations - JPMorgan allegedly dumped $134 million of its own MSTR position before announcing the margin requirement increase [1] - The actions against MicroStrategy, a $59 billion company, suggest JPMorgan is concerned about something larger than just the stock price [1]

.@MicroStrategy typically starts the week by highlighting the amount of Bitcoin that recently was added to its stockpile, yet the company was unusually silent on Monday. https://t.co/R2rZ6MyuJc ...

Strategy typically starts the week by highlighting the amount of Bitcoin that recently was added to its stockpile, yet the company was unusually silent on Monday. The Bitcoin-buying firm stopped purchasing the asset for the first time in several weeks, as its stock price hovered near a 14-month low, according to TD Cowen Analyst Lance Vitanza. “We found out this morning that Strategy did not issue any securities under any of its ATMs, nor did it purchase any incremental Bitcoin,” Vitanza shared in an email, ...

Core Insights - Strategy (MSTR) shares have declined 41.1% year to date (YTD), significantly underperforming the broader Zacks Finance sector's growth of 11.3% and the Zacks Financial-Miscellaneous Services industry's decline of 10.1% [1][6] - The stock's performance is adversely affected by high valuation concerns and Bitcoin's volatility, making it sensitive to the broader crypto-market downturn [2][6] Valuation Concerns - Strategy's forward 12-month price-to-sales ratio stands at 99.25X, which is substantially higher than the industry average of 2.92X, indicating significant overvaluation [4] - Key peers like Riot Platforms, CleanSpark, and Coinbase trade at much lower multiples, further highlighting Strategy's stretched valuation [4] Bitcoin Accumulation Strategy - As of October 26, 2025, Strategy holds approximately 640,808 BTC valued at nearly $71 billion, representing one of the largest corporate Bitcoin positions globally [8] - The company has generated a 26% BTC yield and nearly $12.9 billion in Bitcoin-related gains YTD, with a full-year BTC yield target of 30% for 2025 [8] Capital Raising Capacity - In Q3, Strategy raised approximately $5.1 billion in net proceeds through various equity-based financing programs, enhancing its liquidity for Bitcoin acquisitions [9] - From October 1 to October 26, the company generated an additional $89.5 million in net proceeds, demonstrating consistent capital inflows [10] Software Business Growth - Strategy's software revenues rose 10.9% in Q3, driven by increased demand for analytics solutions and customer adoption [11] - Subscription services surged 65.4% year over year, indicating a shift towards recurring, high-margin revenues, which enhances revenue stability [12] Earnings Guidance - Strategy reaffirmed its full-year outlook, projecting $80 per share for 2025, with the Zacks Consensus Estimate for 2025 earnings at $78.04 per share, a significant improvement from a loss of $15.73 per share over the past 30 days [16]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renowned economist Peter Schiff dismissed Strategy Inc. (NASDAQ:MSTR) as nothing more than a “highly leveraged” Bitcoin (CRYPTO: BTC) bet on Sunday, arguing against its inclusion in global equity benchmarks. Strategy Not A ‘Real Operating Business,’ Says Schiff In an X post, Schiff highlighted last week’s report by JPMorgan analysts that the company risks delisting from major equity indices, such as the M ...

Group 1 - The world's largest corporate holder of Bitcoin, Strategy (formerly MicroStrategy), is facing significant challenges due to the ongoing crypto market crash, impacting both institutional and retail investors [1] - Short-seller Jim Chanos has closed his short positions on MSTR, citing a decline in the multiple-to-net-asset-value (mNAV) from 2.5x in December 2024 to 1.16x currently, with expectations that it may eventually reach 1.0x [2][3] - JPMorgan has warned that leading equity indices, including the MSCI USA Index, may delist Strategy due to its digital asset treasury model, which could affect its eligibility for traditional stock indexes [4] Group 2 - Michael Saylor, co-founder and executive chairman of MicroStrategy, maintains that index classification does not affect the company's operations or self-perception, despite Wall Street's negative view [5] - Institutional trust in Strategy as a Bitcoin proxy has been declining, with major asset managers trimming their holdings by $5.38 billion in Q3 2025 [6][7] - Institutional holdings in MSTR decreased from $36.32 billion at the end of Q2 to $30.94 billion at the close of Q3, representing a drop of approximately 15% [7]