Strategy Stock Price, News & Analysis

Strategy (MSTR) has announced a significant $21 billion At-The-Market (ATM) Program for its 8.00% series A perpetual strike preferred stock. The program allows the company to sell shares of preferred stock that are convertible into class A common stock.

The company plans to implement sales in a disciplined manner over an extended period, considering trading price and volume conditions. The net proceeds will be used for general corporate purposes, including bitcoin acquisition and working capital.

The ATM offering is being made through a prospectus supplement filed on March 10, 2025, under an automatic shelf registration statement that became effective on January 27, 2025.

Strategy (MSTR) has successfully completed its offering of $2 billion in 0% convertible senior notes due 2030. The notes, sold exclusively to qualified institutional buyers under Rule 144A, are senior, unsecured obligations that don't bear regular interest. The initial conversion rate is 2.3072 shares of class A common stock per $1,000 principal amount, representing a conversion price of approximately $433.43 per share.

The notes will mature on March 1, 2030, with noteholders having conversion rights under specific conditions before December 3, 2029, and at any time thereafter. Strategy can settle conversions through cash, class A common stock shares, or a combination of both. The company raised net proceeds of approximately $1.99 billion, which it plans to use for general corporate purposes, including bitcoin acquisition and working capital.

Strategy (MSTR) has announced the pricing of $2.0 billion convertible senior notes due 2030 in a private offering to qualified institutional buyers. The notes will be senior, unsecured obligations with 0% regular interest and will mature on March 1, 2030.

The initial conversion rate is 2.3072 shares of class A common stock per $1,000 principal amount, representing a conversion price of approximately $433.43 per share - a 35% premium over the weighted average price of $321.0514. The company expects net proceeds of approximately $1.99 billion, which will be used for general corporate purposes, including bitcoin acquisition and working capital.

The notes include provisions for early conversion, redemption after March 5, 2027, and repurchase rights for noteholders in case of a fundamental change. An additional option for purchasers to acquire up to $300 million in notes has been granted.

Strategy (MSTR) has announced plans to offer $2.0 billion in 0% convertible senior notes due 2030 through a private offering to qualified institutional buyers. The company may grant initial purchasers an option for an additional $300 million in notes.

The notes will be senior, unsecured obligations without regular interest. Holders can convert notes under certain conditions, with Strategy settling conversions through cash, class A common stock, or a combination. The notes will be redeemable after March 5, 2027, if Strategy's stock price exceeds 130% of the conversion price.

Strategy plans to use the proceeds for general corporate purposes, including bitcoin acquisition and working capital. The offering will be conducted under Rule 144A of the Securities Act, and the company will host a Video Webinar on February 19, 2025, to discuss the offering with qualified institutional buyers.

Strategy (MSTR) reported Q4 2024 financial results, highlighting its position as the largest corporate bitcoin holder with 471,107 BTC. The company achieved a 74.3% BTC Yield in FY 2024 and revised its 2025 BTC Yield target to a minimum of 15%. During Q4, Strategy acquired 218,887 bitcoins for $20.5 billion.

Key financial highlights include: Total revenues decreased 3.0% year-over-year to $120.7 million, with subscription services revenues increasing 48.4%. The company reported a net loss of $670.8 million ($3.03 per diluted share), compared to net income of $89.1 million in Q4 2023. Digital assets carrying value was $23.909 billion, with bitcoin holdings having a market value of $41.789 billion at an average cost of $62,503 per bitcoin.

The company raised significant capital through various channels, including $15.1 billion from stock sales in Q4 2024, $3.0 billion from convertible notes, and $563.4 million from preferred stock in January 2025.

MicroStrategy has announced its rebranding to Strategy™, positioning itself as the world's first and largest Bitcoin Treasury Company and the largest independent, publicly traded business intelligence company. The company unveiled a new brand identity featuring a Bitcoin-inspired logo with a stylized 'B' and adopted orange as its primary brand color to represent energy, intelligence, and Bitcoin.

The rebranding reflects the company's evolution and dual focus on Bitcoin and artificial intelligence technologies. Strategy has launched new websites for its software offerings and branded merchandise at strategysoftware.com and store.strategy.com respectively. The company will discuss the new brand during its earnings call scheduled for 5 PM EST.

MicroStrategy (MSTR) has announced the pricing of its 8.00% Series A Perpetual Strike Preferred Stock offering, consisting of 7,300,000 shares at $80.00 per share. The company expects to raise net proceeds of approximately $563.4 million, which will be used for general corporate purposes, including bitcoin acquisition and working capital.

The preferred stock will have a $100 per share liquidation preference with 8.00% annual cumulative dividends, payable quarterly starting March 31, 2025. Dividends can be paid in cash, class A common stock, or a combination. Holders can convert their preferred shares into class A common stock at an initial conversion rate of 0.1000 shares, representing a $1,000.00 conversion price per common share.

The offering is expected to settle on February 5, 2025, subject to closing conditions. Barclays, Moelis & Company, BTIG, TD Cowen, and KBW are serving as joint book-running managers.

MicroStrategy (Nasdaq: MSTR) has announced significant updates to its MicroStrategy ONE platform, enhancing its AI capabilities through personalized experiences. The latest release improves the Auto AI bot's ability to handle ambiguous questions and deliver personalized responses based on user context and feedback.

Key improvements include new chart types and the ability for users to provide direct feedback that Auto uses to customize future interactions. Administrators can promote individual feedback to benefit all users. The platform now offers more granular controls for developers deploying AI bots in their applications.

In 2024, MicroStrategy integrated the Auto AI bot with HyperIntelligence, enabling zero-code insight deployment across web applications. The platform, available on major cloud marketplaces including AWS, Azure, Google, and STACKIT, offers comprehensive features from paginated reporting to self-service dashboards, all unified by an object-oriented semantic graph.

MicroStrategy (MSTR) has announced plans to offer 2,500,000 shares of Series A Perpetual Strike Preferred Stock in a public offering. The company intends to use the proceeds for general corporate purposes, including bitcoin acquisition and working capital.

The preferred stock will have a $100 per share liquidation preference with cumulative dividends payable quarterly starting March 31, 2025. Dividends can be paid in cash, class A common stock, or a combination of both. Holders will have conversion rights into class A common stock under certain conditions.

MicroStrategy reserves the right to redeem all shares if the total liquidation preference falls below 25% of the initial offering amount or in case of certain tax events. The offering is being managed by multiple firms including Barclays, Moelis & Company , BTIG, TD Cowen, and others.