Peter Schiff has once again criticized Strategy’s Bitcoin-heavy corporate approach, raising fresh questions about whether the company’s performance would even qualify it for inclusion in the S&P 500. In a post on X, the economist argued that if Strategy were part of the benchmark index, its 47.5% decline in 2025 would place it among the worst performers of the year. Schiff said the company’s aggressive Bitcoin accumulation has come at the expense of shareholders, adding that Strategy’s stock collapse un ...

Core Insights - Strategy Inc. (MSTR) is recognized for its aggressive Bitcoin strategy, but its long-term fundamentals are rooted in its software and enterprise analytics businesses, with subscription services emerging as a key driver for stability and growth [1] Software Business Performance - Growth in the software business is uneven, with declines in product support and other services offsetting subscription gains, indicating pressure on parts of the legacy software portfolio [2] - Despite challenges, the software business maintains strong profitability, supported by healthy margins, making subscription services a stabilizing force amid Bitcoin-driven earnings volatility [3] Subscription Services Growth - In Q3 2025, subscription service revenues increased by 65.4% year-over-year to $46.0 million, representing approximately 36% of total revenues, reflecting the growing adoption of cloud-based analytics offerings [4][11] - The shift towards subscription services is strategically important as recurring revenues provide greater visibility and stability compared to one-time license sales [4] Future Projections - The Zacks Consensus Estimate projects modest revenue growth of about 2.1% in 2025 and 4.9% in 2026, suggesting that steady growth in subscription services could enhance the software segment's contribution to long-term growth [5] Competitive Landscape - Competitors like Microsoft (MSFT) and Salesforce (CRM) leverage strong subscription-based platforms for steady recurring revenue through cloud and analytics services [6] - Microsoft’s Power BI poses a significant competitive threat to MSTR, offering an intuitive interface and integration across its ecosystem, making it attractive for small and medium-sized businesses [7] - Salesforce competes by unifying analytics and CRM through its Tableau-powered ecosystem, enhancing customer relationships and sales processes [8] Stock Performance and Valuation - MSTR shares have declined by 49.7% over the past year, underperforming the Zacks Finance sector's 11.7% gain, and lagging behind competitors like Microsoft, which rose by 10.1% [9] - MSTR currently has a Value Score of F, trading at a Price/Book ratio of 1.01X compared to the sector's 4.24X [13] - The Zacks Consensus Estimate for MSTR's 2025 earnings is $78.04 per share, indicating a recovery from a previous loss of $6.72 per share [16]

Core Insights - Red Light Holland Corp. reported its financial and operational results for the three and six months ended September 30, 2025, highlighting a focus on functional mushrooms and psilocybin truffles in compliance with legal regulations in the Netherlands [1] Research and Development (Psilocybin) - The partnership with Irvine Labs has progressed, confirming the compatibility of psilocybin truffles with medical-grade applications and supporting expanded R&D activities [4] - Collaboration with Arizona State University aims to understand genetic factors influencing psilocybin response [4] - Dr. Robin Carhart-Harris has been appointed as a Scientific Advisor to guide R&D and regulatory pathways [4] - The company plans to allocate more resources to psilocybin distribution and drug development [4] Wholesale and CPG - SR Wholesale, the Netherlands subsidiary, continues to perform well, generating sales from over 125 retail stores despite tourism slowdowns [4] - An expanded partnership with Albertsons has been established, entering the U.S. retail market with Happy Caps Mushroom Home Grow Kits [4] - Health Canada-approved Functional Mushroom Gummies have been launched and are available on Amazon [4] M&A Activity - Management is exploring potential M&A opportunities with a focus on research-driven businesses to enhance R&D initiatives [5] Bitcoin Strategy - The company announced a Bitcoin strategy, allocating up to $2 million in Bitcoin-related assets to enhance operational flexibility [6] Operational Streamlining and Strategic Priorities - Management is implementing measures to streamline operations and enhance cost discipline, including divesting non-core assets and suspending underperforming activities [8] Financial Highlights - Total cash balance as of September 30, 2025, was $10.226 million, down from $11.454 million as of June 30, 2025 [16] - Revenue for the three months ended September 30, 2025, was $0.754 million, a decrease of 44.9% from $1.368 million in Q2 2025 [16] - Gross profit for the same period was $0.327 million, down 68.68% from $0.552 million in Q2 2025 [16] - Adjusted EBITDA loss for the three months ended September 30, 2025, was $0.785 million, an increase of 61.9% from $0.485 million in Q2 2025 [16] Looking Ahead - The company remains optimistic about future opportunities in psilocybin research and regulatory advancements, prioritizing R&D initiatives for long-term value creation [9][12]

RT Bitcoin For Corporations (@BitcoinForCorps)1/ @Strategy has launched a full 'Offerings' page—showcasing every instrument they use to power their #Bitcoin strategy: MSTR, STRD, STRK, STRC, STRF.Let's look at the full capital stack: 🧵👇 https://t.co/kCYMCvE5fH ...

Market Discussion - The crypto community is discussing the potential outcomes of Michael Saylor's Bitcoin investment strategy [1] - The discussion revolves around whether Saylor's strategy will lead to significant losses ("rekt") or prove to be a sound treasury management approach for companies [1] Event Announcement - Crypto Quorum event is scheduled for Thursday at 5pm UTC [1] - The event will feature co-host @zano_project and sponsor @EdgeWallet [1]

JUST IN: Real estate firm Cardone Capital just bought $15 million Bitcoin.Everybody is adopting a Bitcoin strategy. 👏 https://t.co/KPouqhLsQy ...

⚡ INSIGHT: In 2013, a user wrote "I AM HODLING" on Bitcointalk after a 39% price crash, coining the term that became Bitcoin's most popular strategy. https://t.co/dMo6xYYZ2w ...

Financial Data and Key Metrics Changes - The company reported a total of 355,595,750 votes out of a total of 446,091,478 votes entitled to be cast at the meeting, indicating strong shareholder engagement [11] - Approximately 90.2% of votes were in favor of the election of directors, reflecting shareholder confidence in the board [30] - The ratification of KPMG LLP as the independent public accounting firm received approximately 99.5% approval, showcasing strong support for the company's financial oversight [33] Business Line Data and Key Metrics Changes - The company is transitioning its revenue base from on-premises services to cloud-based services, indicating a strategic shift in its software business [17] - Operational and organizational efficiency measures have been implemented, including personnel reductions, to align with the software business strategy [17] Market Data and Key Metrics Changes - The company continues to focus on its Bitcoin strategy, which is central to its operations and shareholder expectations [24] - The company maintains a debt coverage of about 11% against its Bitcoin assets, indicating a strong balance sheet resilience [24] Company Strategy and Development Direction - The company is committed to its Bitcoin strategy and does not plan to diversify its investments, as this would contradict shareholder expectations [24] - The long-term strategy includes issuing securities that leverage the company's Bitcoin holdings, enhancing its capital structure [25][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to withstand significant Bitcoin price fluctuations due to its resilient balance sheet and capital structure [25][28] - The company is focused on growing its preferred stock base while remaining fully invested in Bitcoin, which is seen as the best path forward for investors [28] Other Important Information - The company is currently facing an investigation by the Pomerantz Law Firm regarding potential securities fraud claims, which management intends to defend vigorously [19][20] - The company does not plan to pay cash dividends on its common stock in the foreseeable future, but intends to pay quarterly dividends on preferred stock [21] Q&A Session Summary Question: What measures are being taken to ensure continuity in leadership? - The company has established a strong executive team led by Fong Lee, who has been with the company for about ten years and is well-positioned to continue executing the Bitcoin strategy [14][15] Question: Should the company reassess staff expenses in the IT software segment? - The company is actively working to grow its software business and has optimized operational efficiency, including personnel reductions, in line with its strategy [17] Question: Update on the Pomerantz Law Firm investigation? - The company is aware of the investigation and intends to defend against the claims, which are common in volatile stock price situations [19][20] Question: When will shareholders start receiving dividends? - The company does not intend to pay cash dividends on common stock but will pay quarterly dividends on preferred stock [21] Question: Concerns about Bitcoin acquisitions and potential risks? - The company remains fully committed to Bitcoin and believes it has a resilient balance sheet to withstand significant price drops, with no immediate concerns about liquidity [24][25][28]

Core Viewpoint - Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on MicroStrategy Inc. and raises the price forecast from $409 to $464 despite the company reporting a slight revenue miss in Q1 [1] Financial Performance - MicroStrategy reported first-quarter revenue of $111.07 million, which was slightly below analyst expectations, and posted an adjusted loss of $16.53 per share [1] - The company raised funds through two successful preferred stock IPOs and a $2 billion zero-coupon convertible note, enabling the purchase of an additional 106,000 bitcoins for approximately $9.9 billion year-to-date [4] Bitcoin Holdings and Strategy - MicroStrategy's Bitcoin holdings now total 553,555 BTC, with over 15,000 Bitcoin acquired year-to-date at an average price of $92,737, primarily funded through ongoing stock offerings [2] - The firm has been the top-performing S&P 500 stock in recent years and continues to aggressively pursue its Bitcoin-focused treasury strategy [3] Market Dynamics - Despite a challenging Q1 for risk equities, MicroStrategy's equity premium saw a modest rise, indicating resilience [4] - Bitcoin has started to behave independently from traditional risk assets like growth stocks [4] Regulatory Environment - The regulatory environment for digital assets is becoming more favorable, with potential for clearer U.S. regulation expected by late 2025 and early 2026 [5] - More global companies are adopting MicroStrategy's Bitcoin strategy, which is viewed positively by the firm [5] Stock Performance - MSTR shares are trading higher by 3.09% to $393.02 as of the last check [6]