Core Insights - The Bitcoin investment vehicle is experiencing a decline alongside broader cryptocurrency prices [1] - Strategy (formerly MicroStrategy) shares fell 14.4% this week, reflecting the drop in Bitcoin prices, which briefly fell to around $80,000 before recovering to $85,000 [2] - Year-to-date, Strategy's stock is down 43%, while Bitcoin has only decreased by 10% [5] Company Performance - Strategy's market cap is currently $51 billion, with shares trading at $170.50, down from a 52-week high of $457.22 [4] - The company has raised its shares outstanding by 199% over the last five years to fund Bitcoin purchases, resulting in a 667% increase in stock price during that period [4] - The gap between Strategy's stock price and its underlying Bitcoin net asset value (NAV) is narrowing, complicating future fundraising efforts [5] Funding and Financial Strategy - With falling cryptocurrency prices, Strategy is finding it increasingly difficult to raise funds through stock offerings, leading to alternative funding sources [6] - Recently, the company sold preferred stock to raise $700 million, which will increase its cash reserves but also its cost of funding due to a 10% annual interest payment [6] Investment Considerations - The current valuation of Strategy may present a more compelling investment opportunity as the gap between its stock price and underlying assets has closed [8] - However, investing in Strategy may be less straightforward than directly purchasing Bitcoin, given the complexities of its debt and preferred stock structure [9]

We recently published 13 Stocks That Crossed Jim Cramer’s Radar. Strategy Incorporated (NASDAQ:MSTR) is one of the stocks Jim Cramer discussed. Strategy Incorporated (NASDAQ:MSTR) has popped up on Cramer’s radar as Bitcoin struggles in a market driven by risk-off sentiment. Mid-November has seen Bitcoin price drop not only below the $100,000 level but also below $90,000. In his previous comments about Strategy Incorporated (NASDAQ:MSTR), Cramer has called the firm a “proxy” for Bitcoin, and recently, as B ...

Core Insights - Company reported Q3 2025 revenue of $128.7 million, exceeding market expectations of $116.8 million [1] - Net profit reached $2.65 billion, marking a return to profitability for the second consecutive quarter [1] - Company holds 640,808 bitcoins with a total cost of $47.44 billion, averaging $74,032 per bitcoin [1] Financial Performance - Q3 2025 cash and cash equivalents stood at $54.3 million [1] - Projected net profit for FY 2025 is approximately $24 billion [1] - Earnings guidance assumes a bitcoin price of $150,000 by the end of 2025 [1] Stock Performance - Stock price increased over 7% in after-hours trading, reaching $272.87 [1] - Closing price on October 30 was $254.57, reflecting a decrease of 7.55% [2] - Trading volume was 15.5642 million shares with a market capitalization of $72.184 billion [2]