MSTR

The past six months have seen significant volatility in MSTR's stock price, largely tied to Bitcoin's performance and the company's financial results. In Q3 2025, Strategy reported positive operating and net income, with Canaccord Genuity reiterating a "Buy" rating. In Q4 2025, the company reported a massive operating and net loss due to an unrealized loss on its digital assets. Strategy continued its aggressive Bitcoin accumulation, acquiring additional Bitcoin in February and March 2026. In Q1 2026, Strategy reported a net and operating loss, largely driven by the decline in Bitcoin's fair value. In May 2026, Michael Saylor indicated a potential shift from a "never sell" Bitcoin policy to an "actively managed" approach. MSTR's stock experienced a significant decline over the past year, but saw a positive year-to-date return by early May 2026.