Strategy Inc Class A (MSTR)

Strategy, Inc.'s stock price has been volatile, mirroring Bitcoin's movements. MSTR was down 41.75% over the past 30 days and 57.32% over the past 12 months as of November 26, 2025. The stock declined over 36% in November 2025, marking its worst monthly performance since April 2024, and recorded seven consecutive weeks of declines. Institutional investors reduced their exposure by $5.38 billion over the past two quarters due to the availability of Bitcoin ETFs and concerns over the company's leveraged balance sheet. The company has funded Bitcoin purchases through issuing equity and debt, leading to dilution concerns. As of November 24, 2025, Strategy, Inc. held 649,870 Bitcoins, valued at over $56 billion, while its market capitalization had slipped to $49.5 billion. CalSTRS disclosed a $133 million investment in MSTR.

There is no direct information available regarding seasonal fluctuations in the demand for MicroStrategy's software licenses, subscription services, or professional services.

Strategy, Inc., formerly MicroStrategy, operates as a dual-model company, providing enterprise analytics software and investing in Bitcoin. The company develops software for data analysis and mobile application development, operating in the business intelligence, mobile software, and Bitcoin treasury industries. Its major product is the Strategy ONE platform, offering AI-powered workflows, access to data sources, cloud-native technologies, visualization, reporting, and embedded analytics. Since 2020, MicroStrategy has invested heavily in Bitcoin, becoming one of the largest corporate holders of the cryptocurrency.

Strategy, Inc. has a global presence with offices and partners across North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific region. The company's headquarters are located in Tysons Corner, Virginia, USA. It has additional offices in countries including Canada, Mexico, Belgium, India, Italy, Poland, Portugal, Spain, Japan, and the United Arab Emirates.

Strategy, Inc.'s brand reputation has been influenced by its Bitcoin acquisition strategy. The company rebranded from MicroStrategy to "Strategy," adopting a new logo to signify its commitment to Bitcoin. This focus has led to market skepticism and discomfort among some investors regarding its financing model. Critics have raised concerns about the company's reliance on Bitcoin and the associated risks. The company's stock premium has diminished, with investors increasingly valuing the company based on its Bitcoin holdings.

Michael J. Saylor, the co-founder and executive chairman, is the largest individual shareholder, holding Class B common stock with enhanced voting rights. Institutional investors collectively own 42% of MicroStrategy's shares, with the top 10 holding 31%. Major institutional shareholders include Capital Research & Management Company, The Vanguard Group, and BlackRock Inc. Public and retail investors collectively represent approximately 52% of the total ownership.