Company Overview - Strategy (MSTR) closed at $300.67, down 4.69% from the previous trading session, underperforming the S&P 500 which lost 0.16% [1] - The stock has decreased by 3.76% over the past month, compared to the Finance sector's loss of 1.81% and the S&P 500's gain of 1.14% [1] Earnings Expectations - The upcoming earnings report is scheduled for October 30, 2025, with projected earnings per share (EPS) of -$0.11, reflecting a 92.95% increase from the same quarter last year [2] - Quarterly revenue is expected to be $118.2 million, up 1.84% from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast an EPS of -$15.73 and revenue of $466.75 million, indicating changes of -134.08% and +0.71% respectively compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for Strategy are important as they reflect shifting business dynamics, with positive revisions indicating analysts' confidence in performance and profit potential [4] Share Price Momentum - Research shows that estimate revisions correlate with near-term share price momentum, and investors can utilize the Zacks Rank for actionable insights [5] Zacks Rank System - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with a historical average annual return of +25% for 1 rated stocks since 1988 [6] - Currently, Strategy holds a Zacks Rank of 3 (Hold) [6] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

RT Eric Weiss ⚡️ (@Eric_BIGfund)My thoughts on Bitcoin Treasury Companies@ORANJEBTC @Strategyhttps://t.co/NSt8vAPl83 ...

M&A Activity - The strategy highlights 82 acquisitions [1] - Bitcoin (BTC) is identified as the universal M&A target [1]

Core Viewpoint - Bitcoin-related stocks experienced a widespread decline, reflecting a negative sentiment in the cryptocurrency market as Bitcoin and Ethereum prices fell significantly [1] Group 1: Stock Performance - Strategy (MSTR.US) dropped over 2.6% [1] - Bitmine Immersion Technologies (BMNR.US) fell more than 7% [1] - SharpLink Gaming (SBET.US) decreased by over 5% [1] - Circle (CRCL.US) declined more than 3.5% [1] - Coinbase (COIN.US) saw a drop of over 2.3% [1] Group 2: Cryptocurrency Prices - Bitcoin price fell over 3%, currently at $111,670 [1] - Ethereum price decreased by more than 6.7%, currently at $3,987 [1]

Core Insights - The fund's assets appreciated by 11.0% in Q3 2025, with a three-year return of 66.7%, compared to the S&P 500's 92.0% return [4][20] - Japanese equities have shown strong performance, with a year-to-date increase of 21.6%, marking a shift in the long-term underperformance trend [4][23] - The MSCI EAFE Index is outperforming US markets in 2025, indicating a significant shift in global equity leadership [5] Japanese Market Performance - The Japanese market's recent outperformance is attributed to corporate reforms, record stock buybacks, and supportive capital-market policies [4][23] - The last notable outperformance of Japan over the US was in 2013, driven by "Abenomics" reforms [4] US Market Dynamics - The current US outperformance cycle has lasted 14.3 years, significantly longer than the historical average of eight years [6] - S&P 500 earnings growth has been four times faster than that of MSCI EAFE, leading to substantial P/E multiple expansion [6][10] - A recent study indicates that most of the US outperformance is due to valuation expansion rather than superior earnings growth [10] Bitcoin Treasury Holdings - Public companies are increasingly allocating capital to Bitcoin as a core reserve asset, with nearly 1 million BTC controlled by public companies and institutions, valued at over $115 billion [11][12] - Strategy Inc. holds over 640,000 BTC, and the number of companies using Bitcoin as a strategic reserve is growing rapidly [12] - The phenomenon is compared to the 1970s gold rush, driven by the desire to escape fiat devaluation [12] Investment Strategy - The investment strategy emphasizes value investing, focusing on companies with improving operations and strong cash positions [16][17] - Toho Lamac Co. Ltd. was identified as a value opportunity, with plans to invest in Bitcoin and Ethereum, leading to significant gains for the fund [17]

microstrategy mnav at 1.21x down from 3.4x peak. trading at 21% premium to bitcoin holdings versus 240% last november. below 1.0x the model breaks. can't issue shares profitably forces bitcoin sales into thin liquidity. $7b in convertible debt needs refinancing by 2027. saylor buying at $123k with borrowed money at the lowest premium in 19 months ...

Strategy股价近日受益于美国新出台的税务法规。该法允许企业在计算公司税负时排除未实现的数字资 产收益，从而减轻账面波动带来的税务压力。 公司在截至9月30日的季度报告中披露，其数字资产持仓产生的未实现收益高达38.9亿美元。TD Cowen 分析师Lance Vitanza表示，这项税改"消除了Strategy面临的一大潜在风险"，并标志着比特币进一步融入 全球金融体系的重要一步。 智通财经APP获悉，比特币财库公司Strategy(MSTR.US)周一宣布再度增持比特币，这是该公司自本月 初比特币创下历史新高以来的首次买入。此次交易总额达2700万美元，使其比特币持仓总值突破730亿 美元，重申其作为全球最大企业级比特币持有者的地位。 Strategy长期被视为加密市场情绪的风向标，其股价走势往往与比特币高度相关。然而，随着市场对"加 密财库模式"的质疑上升，Strategy股价近期明显落后于比特币走势。 根据公司公告，Strategy以平均每枚12.3561万美元的价格购买了220枚比特币，创下公司历史上单次最 高买入成本。 Benchmark分析师Mark Palmer指出，尽管同行机构放缓购币步 ...

Strategy Spent Another $27 Million on Bitcoin Before It Crashed► https://t.co/SgmfZIOl3g https://t.co/SgmfZIOl3g ...

$BTC BUYS: Strategy purchases an additional 220 Bitcoin.They now hold a total of 640,250 BTC, valued at ~$73B. https://t.co/NzA5BVaphT ...

Core Insights - Strategy Inc (MSTR) has raised $27.3 million through its at-the-market equity programs to acquire 220 BTC, increasing total holdings to 640,250 BTC [1][2] - The average purchase price for the recent bitcoin acquisition was $123,561 per coin, funded by net proceeds from the sale of preferred shares [2] - The company's bitcoin treasury is now valued at approximately $47.4 billion, with a weighted-average purchase price of $74,000 per BTC [3] Financing and Investment Strategy - Strategy's financing toolkit includes variable-rate and fixed-rate perpetual preferred equity, with over $46 billion of capacity available for future issuances [4] - The company aims to leverage its equity and debt offerings to solidify its position as the world's first and largest Bitcoin Treasury Company [3][4] - Recently, Robinhood has listed Strategy's preferred stocks, starting with the Variable Rate Perpetual Stretch (STRC) [4]