Microstrategy Inc. - Ordinary Shares - Class A
MSTR
Market Cap$100.9B
Close$
Earnings Call Q1 2025
May 2, 2025 - AI Summary
Bitcoin Holdings and Growth Strategy: Strategy remains the largest corporate holder of Bitcoin, with holdings of 553,555 BTC valued at $52 billion as of April 28, 2025. They acquired an additional 106,085 BTC in Q1 at a cost of $9.9 billion, showcasing their commitment to the Bitcoin treasury strategy and reflecting a strong conviction in the asset's long-term value.
Strong Capital Raising Efforts: The company raised $6.6 billion in net proceeds through its at-the-market equity offering program and $2 billion via convertible notes in Q1 2025, demonstrating robust market access. They announced a new $21 billion ATM program as part of their expanded $42 billion capital plan, indicating a scalable and adaptable approach to capital markets.
Changes in Accounting: The adoption of fair value accounting for Bitcoin on January 1, 2025, altered the valuation of their Bitcoin holdings, resulting in a $4.9 billion unrealized loss for Q1 due to declining Bitcoin prices. This accounting change could introduce volatility in reported earnings, dependent on Bitcoin's price movements each quarter.
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$-45.77
111.8% downside
Current Fair Value
111.8% downsideOvervalued by 111.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $100.90 Billion |
|---|---|
| Enterprise Value | $101.17 Billion |
| Dividend Yield | $0 (0%) |
| Earnings per Share | $-6.06 |
| Beta | 3.81 |
| Outstanding Shares | 256,473,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | -17.72 |
|---|---|
| PEG | -0.23 |
| Price to Sales | 387.43 |
| Price to Book Ratio | 2.98 |
| Enterprise Value to Revenue | 220.27 |
| Enterprise Value to EBIT | -13.3 |
| Enterprise Value to Net Income | -19 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.25 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Microstrategy Inc.
2,396 employees
CEO: Michael Saylor MicroStrategy is a worldwide leader in enterprise analytics and mobility software. A pioneer in the BI and analytics space, MicroStrategy delivers innovative software that empowers people to make better decisions and transform the way th...