Strategy (MSTR) Reports Q4 Earnings, Announces Stock Listing and New Performance Metrics
On February 6, 2025, Strategy, formerly MicroStrategy, revealed that its share sales from its at-the-market (ATM) offering had comprised just under 3% of the total cumulative trading volume. Additionally, the company disclosed that its convertible preferred stock, Strike (STRK), is expected to be listed on Nasdaq this Thursday, as per its earnings presentation.
For the fourth quarter, Strategy reported a loss of $3.03 per share. The company decided against adopting Financial Stability Accounting Board (FASB) rules, which would have helped avoid a $1 billion impairment loss. These rules are scheduled to be implemented in the current quarter.
Strategy also shared several new key performance indicators (KPIs). Among them, the company is targeting a $10 billion Bitcoin (BTC) gain for 2025, with $1.24 billion already achieved year-to-date. Another KPI is the company’s Bitcoin yield, which is set at 15%, although it has currently achieved 2.9% for the year.
Since launching its $21 billion ATM equity program, Strategy has utilized roughly $17 billion. In its earnings presentation, the company highlighted that the share sales represented just 2.9% of the total cumulative trading volume, with the highest percentage of 7% occurring during the week of November 11-15.
Shares of Strategy experienced a 1.3% increase in pre-market trading following the release of these updates.
