MicroStrategy Inc Series A Pfd(STRD)
Search documents
MicroStrategy Inc Series A Pfd(STRD) - 2025 Q4 - Annual Results
2026-02-05 21:14
Exhibit 99.1 Contact: Strategy Shirish Jajodia Corporate Treasurer ir@strategy.com Strategy Announces Fourth Quarter 2025 Financial Results; Holds 713,502 BTC Bitcoin Highlights (as of February 1, 2026) 713,502 bitcoin holdings at a total cost of $54.26 billion, or $76,052 per bitcoin 22.8% BTC Yield achieved in FY2025 Capital Markets Highlights Largest US equity issuer in FY2025, representing ~8% of total US equity issuance Return of Capital ("ROC") distributions expected to continue for the foreseeable fu ...
Strategy Adds Nearly a Billion Dollars in Bitcoin for Second Straight Week
Yahoo Finance· 2025-12-15 14:30
Core Insights - The company, formerly known as MicroStrategy, has resumed significant Bitcoin purchases, acquiring nearly $1 billion worth of BTC for the second consecutive week [1] - The total Bitcoin holdings now amount to 671,268 BTC, valued at approximately $60 billion based on current prices [2] - The firm has faced a decline in stock value, with a 21% drop over the past month and a 53% decrease over the last six months [3] Bitcoin Purchases - The company purchased 10,645 Bitcoin last week for $980.3 million at an average price of $92,098 per coin, following a previous purchase of 10,624 BTC for $963 million [1] - The recent purchases mark the largest weekly acquisition since late July, indicating a renewed interest in Bitcoin [3] Financial Position - The company sold $989 million worth of stock last week to finance its Bitcoin purchases, including $882 million in Class A common stock and $82 million in Series A Perpetual Stride Preferred Stock [2] - A cash reserve of $1.4 billion was established to support dividends and avoid selling Bitcoin during downturns [4] Market Sentiment - Analysts have expressed concerns regarding the company's potential exclusion from MSCI indices, which could negatively impact its stock price [5] - Cantor Fitzgerald analysts have dismissed fears about the company's Bitcoin buying strategy during price dips as unfounded [4]
MicroStrategy Inc Series A Pfd(STRD) - 2025 Q3 - Quarterly Report
2025-11-03 21:12
Bitcoin Holdings and Strategy - The company held approximately 641,167 bitcoins as of October 30, 2025, with an aggregate market value of $68.28 billion based on a market price of $106,490 per bitcoin [186]. - The total bitcoin holdings increased from 447,470 bitcoins at December 31, 2024, to 640,031 bitcoins by September 30, 2025, reflecting a growth of 43% [179]. - The company purchased bitcoin using $4.37 billion from common stock sales, $1.99 billion from convertible notes, and $710 million from initial public offerings in the first quarter of 2025 [179]. - The company’s treasury strategy involves accumulating bitcoin as a primary reserve asset, with no specific target for the amount to hold [171]. - The company plans to fund further bitcoin acquisitions primarily through issuances of common stock and various fixed-income instruments [171]. - The company aims to increase its Bitcoin holdings through disciplined use of equity and credit markets, focusing on accretion to common shareholders [191]. - The company acquired 42,705 bitcoin during the three months ended September 30, 2025, increasing total holdings to 640,031 bitcoin, compared to 25,889 bitcoin in the same period of 2024 [204]. - For the nine months ended September 30, 2025, the company acquired 192,561 bitcoin, increasing total holdings to 640,031 bitcoin, compared to 63,070 bitcoin in the same period of 2024 [207]. - The company plans to continue pursuing its bitcoin strategy, incurring additional costs related to bitcoin advocacy and custodial fees [255]. Financial Performance and Revenue - Total revenues for the three months ended September 30, 2025, increased by 10.9% to $128,691,000 compared to $115,000,000 in the same period of 2024 [213]. - Subscription services revenues rose by 65.4% to $45,972,000 for the three months ended September 30, 2025, compared to $27,800,000 in 2024 [213]. - Product support revenues decreased by 16.2% to $51,118,000 for the three months ended September 30, 2025, compared to $61,015,000 in 2024 [213]. - Gross profit for the three months ended September 30, 2025, was $90,678,000, an increase of 11.0% from $81,722,000 in the same period of 2024 [213]. - The company recorded an unrealized loss on digital assets of $(3,890,847,000) for the three months ended September 30, 2025, compared to no unrealized gains in 2024 [214]. - The provision for income taxes for the nine months ended September 30, 2025, was $3.35 billion on a pretax income of $11.93 billion, resulting in an effective tax rate of 28.0% [222]. - The company reported a $9.1 billion increase in net income for the nine months ended September 30, 2025, despite a $13.4 million increase in changes in operating assets and liabilities [255]. Cash Flow and Capital Management - Net cash used in operating activities for the nine months ended September 30, 2025, was $(45,612) thousand, an increase of 27.7% compared to $(35,708) thousand in the same period of 2024 [254]. - Net cash used in investing activities surged to $(19,417,576) thousand, a 384.1% increase from $(4,010,904) thousand in the prior year, primarily due to a $15.4 billion increase in bitcoin purchases [254][257]. - Net cash provided by financing activities rose to $19,476,842 thousand, a 381.4% increase from $4,046,067 thousand in the previous year, driven by significant proceeds from stock sales [254][258]. - The company raised approximately $19.7 billion from capital markets activity during the nine months ended September 30, 2025, resulting in an increase of approximately 38.3 million shares in Assumed Diluted Shares Outstanding [207]. - The company completed four initial public offerings of preferred stock during the nine months ended September 30, 2025, raising a total of approximately $4.8 billion in net proceeds [243]. Market and Stock Performance - The market price of bitcoin increased from $63,463 as of September 30, 2024, to $114,378 as of September 30, 2025, contributing to the increase in BTC $ Gain [207]. - The Bitcoin Per Share (BPS) increased to 199,984 Satoshis, up from 190,100 Satoshis in the previous quarter, reflecting a growth in Bitcoin holdings faster than Assumed Diluted Shares Outstanding [202]. - Basic Shares Outstanding rose from 190,670 thousand shares as of June 30, 2024, to 287,109 thousand shares by September 30, 2025, an increase of 50.5% [265]. - Assumed Diluted Shares Outstanding increased from 221,670 thousand shares as of June 30, 2024, to 320,040 thousand shares by September 30, 2025, a rise of 44.4% [265]. - The company announced a capital plan to raise $84 billion in the medium-to-long term, including $42 billion of equity capital and $42 billion of fixed-income instruments [242]. Risks and Future Outlook - The company is exposed to market risks including fluctuations in bitcoin prices, foreign currency, and interest rates [281]. - The company does not anticipate needing to sell bitcoins to meet liquidity needs in the next twelve months, although it may engage in transactions as part of treasury management [241]. - S&P Global Ratings assigned a corporate credit rating of B- on October 27, 2025, which may affect the company's ability to obtain favorable financing terms [239]. - The company has adopted ASU 2023-08, requiring measurement of bitcoin at fair value, which may lead to unrealized gains or losses not reflected in traditional KPIs [273]. Employee and Operational Metrics - The total employee headcount as of September 30, 2025, was 1,546, an increase from 1,534 as of December 31, 2024 [229]. - The company has $8.24 billion in principal due upon maturity of long-term debt instruments [251]. - Total deferred revenue and advance payments decreased by $38.9 million as of September 30, 2025, compared to December 31, 2024, primarily due to a decrease in deferred product support revenue [225].
MicroStrategy Inc Series A Pfd(STRD) - 2025 Q3 - Quarterly Results
2025-10-30 20:34
Exhibit 99.1 Contact: Strategy Shirish Jajodia Corporate Treasurer ir@strategy.com Strategy Announces Third Quarter 2025 Financial Results; Net Income of $2.8 Billion and Diluted EPS of $8.42 Earnings Highlights Bitcoin Highlights (as of October 26, 2025) FY2025 Earnings Guidance TYSONS CORNER, Va., October 30, 2025 – Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR) ("Strategy" or the "Company"), the largest corporate holder of bitcoin and the world's first Bitcoin Treasury Company, today announces financial ...
MicroStrategy Inc Series A Pfd(STRD) - 2025 Q2 - Quarterly Report
2025-08-04 21:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42509 MICROSTRATEGY INCORPORATED (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...
MicroStrategy Inc Series A Pfd(STRD) - 2025 Q2 - Quarterly Results
2025-07-31 20:15
Contact: Strategy Shirish Jajodia Corporate Treasurer ir@strategy.com Strategy Announces Second Quarter 2025 Financial Results; Record Net Income of $10.0 Billion and EPS of $32.60 Earnings Highlights Bitcoin Highlights FY2025 Earnings Guidance TYSONS CORNER, Va., July 31, 2025 - MicroStrategy ®Incorporated d/b/a Strategy™ (Nasdaq: MSTR/STRK/STRF/STRD/STRC) ("Strategy" or the "Company"), the largest corporate holder of bitcoin and the world's first Bitcoin Treasury Company, today announces financial results ...
MicroStrategy Inc Series A Pfd(STRD) - 2025 Q1 - Quarterly Report
2025-05-05 20:07
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42509 FORM 10-Q (Mark One) (Registrant's telephone number, including area code) MICROSTRATEGY INCORPORATED (Exact name of registrant as specified in ...
MicroStrategy Inc Series A Pfd(STRD) - 2024 Q4 - Annual Report
2025-02-18 13:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42509 MICROSTRATEGY INCORPORATED (Exact Name of Registrant as Specified in Its Charter) | Delaware | 1850 Towers Crescent Plaza, Tysons Corner, ...
MicroStrategy Inc Series A Pfd(STRD) - 2024 Q3 - Quarterly Report
2024-10-31 12:52
OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-24435 MICROSTRATEGY INCORPORATED (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarte ...
MicroStrategy Inc Series A Pfd(STRD) - 2024 Q2 - Quarterly Report
2024-08-06 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-24435 MICROSTRATEGY INCORPORATED (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...