Strategy Inc

NasdaqGS:MSTR Stock Report

Market Cap: US$52.6b

Strategy Management

Management criteria checks 4/4

Strategy's CEO is Phong Le, appointed in Jul 2020, has a tenure of 6.17 years. total yearly compensation is $13.78M, comprised of 8% salary and 92% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth $17.30M. The average tenure of the management team and the board of directors is 3.7 years and 8.3 years respectively.

Key information

Phong Le

Chief executive officer

US$13.8m

Total compensation

CEO salary percentage7.98%
CEO tenure6.2yrs
CEO ownership0.03%
Management average tenure3.7yrs
Board average tenure8.3yrs

Recent management updates

Recent updates

New Narrative • Sep 09

Bitcoin-Centric Credit Expansion Will Shape Volatile Yet Enduring Long-Term Outcomes

Catalysts About Strategy Strategy focuses on using Bitcoin as core treasury capital and issuing digital credit instruments such as Stretch to build a large, leveraged digital asset platform. What are the underlying business or industry changes driving this perspective?
Seeking Alpha • Sep 03

Strategy: This May Be The Start Of The Next Bitcoin Bull Market

Summary Strategy (MSTR) remains my preferred BTC exposure, currently at 10% NAV, with a disciplined rebalancing strategy through cycles. I believe the next BTC bull market has likely started, supported by technical channels and improved sentiment from institutional ownership. The upcoming Senate vote on the CLARITY Act is a critical near-term catalyst for BTC and MSTR, potentially boosting mainstream adoption. Should the CLARITY Act advance, I expect a surge in BTC sentiment; failure would likely cause moderate near-term compression. Read the full article on Seeking Alpha
Analysis Article • Aug 06

Strategy Inc Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Investors in Strategy Inc ( NASDAQ:MSTR ) had a good week, as its shares rose 5.4% to close at US$98.37 following the...
Analysis Article • Jun 17

Strategy (MSTR) Stock Could Be 21.3% Below Fair Value After $100 Million Bitcoin Buy

Strategy (MSTR) is back in focus after buying 1,587 Bitcoin for about US$100 million, using common stock sales that also lifted cash reserves and renewed debate around dilution and long term value. See our latest analysis for Strategy. Despite the latest Bitcoin purchase, Strategy’s 30 day share price return is down 26.3% and the year to date share price return is down 21.9%. However, the 3 year total shareholder return is more than triple, suggesting long term momentum has been strong even...
Seeking Alpha • Apr 25

Strategy: Saylor Buys The Dip, I Buy The Break-Out

Summary Strategy is breaking out after a 40% drop from its ATH. Bitcoin's bullish trend, confirmed by technical analysis, supports the investment thesis for MSTR, which has significant Bitcoin holdings. MSTR's chart shows a strong breakout, with the potential to reach $700 if Bitcoin hits $120k. Despite high volatility and risks like geopolitical tensions and competition, MSTR presents a compelling opportunity for those bullish on Bitcoin. Read the full article on Seeking Alpha
Seeking Alpha • Mar 31

Strategy (MicroStrategy): The Ultimate Bet On Bitcoin's Future

Summary MicroStrategy has transformed into a leveraged Bitcoin proxy, offering investors amplified exposure to Bitcoin's price movements through its massive Bitcoin holdings and strategic financial engineering. The company's strategy benefits from rising institutional acceptance of Bitcoin, creating a positive feedback loop that could further drive up Bitcoin's price and validate MicroStrategy's model. Despite its potential for outsized gains, MicroStrategy's heavy reliance on Bitcoin's appreciation and its leveraged position make it an incredibly risky investment. MicroStrategy's unique business model and financial execution make it a compelling play for those who believe in Bitcoin as the ultimate scarce asset. Read the full article on Seeking Alpha
Seeking Alpha • Mar 20

Strategy (MicroStrategy) Shouldn't Have Paid $100,000 For Bitcoin

Summary MicroStrategy borrowed money to buy Bitcoin at $100,000 or higher. The loans had little in the way of interest; however, they have conversion features that could dilute equity. On Tuesday, MSTR announced it was issuing preferred stock with high interest rates. So the "low interest rate convertible bond" argument for owning MSTR is weakening. In this article, I explore why MicroStrategy is too leveraged and exposed to Bitcoin to be worth buying now. Read the full article on Seeking Alpha
Seeking Alpha • Mar 12

Strategy: Preferred Offering Has Potential Problem

Summary Strategy has pivoted from software analytics to Bitcoin investment, significantly increasing its holdings through equity and debt raises. The company announced a plan to sell up to $21 billion of preferred stock, which raises concerns about its ability to cover dividend payments. MSTR's valuation appears high, with its market cap exceeding the value of its Bitcoin holdings and software business. Read the full article on Seeking Alpha
Seeking Alpha • Mar 02

Strategy (MicroStrategy): Collapses With Bitcoin Drop, Still Grossly Overvalued

Summary Strategy (MicroStrategy) is an inefficient and risky way to gain exposure to Bitcoin; Bitcoin futures are more efficient for leveraged exposure. MSTR's past favorable bond issuances are unlikely to be replicated at the scale needed to justify its market cap premium. Avoid MSTR and buy Bitcoin directly if bullish; MSTR's structure is reminiscent of risky, leveraged financial products from the 2008 crisis. Read the full article on Seeking Alpha
Seeking Alpha • Feb 13

Strategy: It Just Doesn't Make Sense

Summary Strategy's value lies primarily in its Bitcoin portfolio, not its traditional software business. Despite BTC's rise, MSTR's premium to its BTC portfolio value remains perplexing, with the company using share sales and convertible debt to buy more BTC. The concept of "BTC yield" overcomplicates a simple process of capitalizing on MSTR's premium to acquire more BTC, without clear long-term earnings potential. Without meaningful earnings, it's unclear why investors would choose MSTR over BTC directly, reinforcing my Hold rating despite BTC's appreciation. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Phong Le's remuneration changed compared to Strategy's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$31b

Mar 31 2026n/an/a

-US$13b

Dec 31 2025US$14mUS$1m

-US$4b

Sep 30 2025n/an/a

US$8b

Jun 30 2025n/an/a

US$5b

Mar 31 2025n/an/a

-US$5b

Dec 31 2024US$16mUS$1m

-US$1b

Sep 30 2024n/an/a

-US$407m

Jun 30 2024n/an/a

-US$210m

Mar 31 2024n/an/a

-US$85m

Dec 31 2023US$8mUS$1m

US$429m

Sep 30 2023n/an/a

US$90m

Jun 30 2023n/an/a

US$207m

Mar 31 2023n/an/a

-US$878m

Dec 31 2022US$20mUS$940k

-US$1b

Sep 30 2022n/an/a

-US$1b

Jun 30 2022n/an/a

-US$1b

Mar 31 2022n/an/a

-US$556m

Dec 31 2021US$19mUS$900k

-US$535m

Sep 30 2021n/an/a

-US$443m

Jun 30 2021n/an/a

-US$421m

Mar 31 2021n/an/a

-US$118m

Dec 31 2020US$2mUS$744k

-US$8m

Sep 30 2020n/an/a

US$2m

Jun 30 2020n/an/a

US$26m

Mar 31 2020n/an/a

US$43m

Dec 31 2019US$7mUS$667k

US$34m

Compensation vs Market: Phong's total compensation ($USD13.78M) is about average for companies of similar size in the US market ($USD14.71M).

Compensation vs Earnings: Phong's compensation has been consistent with company performance over the past year.

CEO

Phong Le (49 yo)

6.2yrs
Tenure
US$13,784,204
Compensation

Mr. Phong Q. Le serves as President of Strategy Incorporated since July 6, 2020 and served as its Chief Financial Officer since April 23, 2020 until May 09, 2022. Mr. Le serves as Chief Executive Officer a...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Saylor
Executive Chairman36.8yrsUS$780.73k5.2%
$ 2.7b
Phong Le
President6.2yrsUS$13.78m0.033%
$ 17.3m
Andrew Kang
Executive VP4.3yrsUS$5.73m0.018%
$ 9.7m
Thomas Chow
Executive VPless than a yearUS$3.86mno data
Reza Virasteh
Executive Vice President of Operations2.7yrsno datano data
Ponna Arumugam
Executive VP & CTO1.7yrsno datano data
Chaitanya Jain
Head of Investor Relationsno datano datano data
Joty Paparello
Executive VP & Chief Human Resource Officer3.9yrsno datano data
Saurabh Abhyankar
Executive VP & Chief Product Officer3.7yrsno datano data
Jeremy Price
Senior Vice President of Financial Planning & Analysisno datano datano data
Kip Amedeo
Executive VP & Chief Revenue Officer1.6yrsno datano data
Shirish Jajodia
Corporate Treasurerno datano datano data
3.7yrs
Average Tenure
49yo
Average Age

Experienced Management: MSTR's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Saylor
Executive Chairman36.8yrsUS$780.73k5.2%
$ 2.7b
Phong Le
President4.1yrsUS$13.78m0.033%
$ 17.3m
Jane Dietze
Independent Director1.8yrsUS$2.59m0.00028%
$ 147.3k
Carl Rickertsen
Independent Director23.9yrsUS$446.58k0.0014%
$ 741.9k
Stephen Graham
Independent Director12.4yrsUS$472.67k0.0022%
$ 1.1m
Brian Brooks
Independent Director1.8yrsUS$2.56m0.00028%
$ 147.3k
Jarrod Patten
Independent Director21.8yrsUS$460.07k0.0074%
$ 3.9m
Gregg Winiarski
Independent Director1.8yrsUS$2.59m0.00028%
$ 147.3k
8.3yrs
Average Tenure
58yo
Average Age

Experienced Board: MSTR's board of directors are considered experienced (8.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 04:00
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Strategy Inc is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian KinstlingerAlliance Global Partners
Ramsey El-AssalBarclays
Gautam ChhuganiBernstein