Can Subscription Services Power MSTR's Long-Term Software Growth?

Key Takeaways Strategy's Q3 subscription revenues jumped 65.4% to $46M, becoming 36% of total revenues.Strategy's subscription gains were partly offset by declines in product support and services.Strategy's software margins remain healthy, making subscriptions a stabilizing force amid volatility.Strategy Inc. (MSTR) is widely known today for its aggressive Bitcoin strategy, but the company's long-term fundamentals are centered on its software and enterprise analytics businesses. Within this segment, subscri ...