Strategy (MSTR.US) shares rebounded spectacularly today by 17%, returning to around £123 and erasing yesterday’s 18 per cent decline. The current movements are primarily driven by synchronisation with Bitcoin, which jumped 7% to £68,000 after Thursday’s lows of £60,000.
Solid software foundations counter the crypto storm
The Q4 report surprised positively on the top line: revenue grew to $123 million (+2% y/y), beating the consensus of $119 million, thanks to an explosion in high-margin subscriptions (+60% y/y) and licences (+25%). This shows that the analytics and cloud business is keeping pace, generating stable cash flow despite the decorrelated frenzy in the crypto market.
However, the accounts leave no doubt as to the scale of the losses: an operating loss of USD 17.4 billion and a net loss of USD 12.4 billion (EPS -USD 42.93) are a far cry from the forecast of -USD 0.08 per share. The culprit is, of course, Bitcoin, or rather 713,500 BTC, purchased at an average price of USD 76,000 – the price of the cryptocurrency plummeted from USD 120,000 (October) to USD 89,000 at the end of the year, pumping balance sheet losses to absurd proportions.
Treasury machine running at full speed
MicroStrategy continues to build its Bitcoin empire: in 2025, it raised a record $25.3 billion in capital, becoming the largest issuer of shares among public companies in the US for the second year in a row. Of this, $5.5 billion came from five preferred share IPOs, fuelling BTC accumulation and providing a solid boost for further expansion of its treasury strategy.
Sentiment on the typically volatile crypto market is good today, even very good. Source: xStation
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
