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]

This aged well. #Bitcoin https://t.co/WLTviYr9GC ...

The biggest 'fuck you' this market can give is to just go up on a tear and leave everyone behind, not believing in higher valuations for #Bitcoin and #Altcoins. ...

5 Reasons Why Bitcoin Crashed—And Why It Could Fall Further: Deutsche Bank► https://t.co/6mNfGUqmb5 https://t.co/6mNfGUqmb5 ...

From the Desk of Anthony Pompliano0:00 The Federal Reserve Is In Crisis9:09 The Poverty Line Should Be At $130,000?14:18 Will Bitcoin’s Drawdown Get Worse?Enjoy! https://t.co/bODc1RW9Ew ...

Why Analysts Are Split on Bitcoin Miner MARA's Prospects► https://t.co/mC0mU3Ejwk https://t.co/mC0mU3Ejwk ...

RT ₿itcoin ₿ombadil (@BitcoinBombadil)Dear Bitcoin Community,Go read Citrea’s website & BitVM White Paper.They read like Shitcoin Marketing Material… Full of technobabble bullshit… Zero mention of how it makes Bitcoin better Money.“Compute anything on Bitcoin” is not The Way.Rug the SpamScammers.✊🏼🫡 ...

🚨 🚨 🚨 🚨 🚨 🚨 1,434 #BTC (126,911,593 USD) transferred from unknown wallet to unknown wallethttps://t.co/5N0DrwkxWb ...

One very large entity is specifically and aggressively selling Bitcoin and mass and they're only selling Bitcoin. >> If somebody blew up, there's contagion. There's some piece of information we don't have that in hindsight will be able to explain what's going on right now, but but we don't know at the moment >> what comes next for Bitcoin.And it's important we actually look at the data. Only the sixth time in Bitcoin history that the Bitcoin price has been this oversold. Historic major bounces have occurred ...

@SALTLending Has Bitcoin Lost its Punk Rock Edge? w/ @PeterMcCormack & @SALTLending CRO @HunterAlbright ⚡️🔴 YouTube: https://t.co/hlLWozKm3L🟢 Rumble: https://t.co/KJh4NBpv6l https://t.co/C2OCFjFlN8 ...