Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 10 Mar, 26 | MSTR | Buy | USD 138.95 | USD 147.0 | USD 157.0 | 20 days | Closed |
11.48%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions. The company also provides MicroStrategy Support that helps customers achieve their system availability and usage goals through highly responsive troubleshooting and assistance; MicroStrategy Consulting, which provides architecture and implementation services to help customers realize their desired results; and MicroStrategy Education that offers free and paid learning options. In addition, it engages in the development of bitcoin. The company offers its services through direct sales force and channel partners. It serves the U.S. government, state and local governments, and government agencies, as well as a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
Expansion of Bitcoin Holdings: FY24 bitcoin holdings of approximately 447,470 BTC increased to approximately 672,500 BTC by the end of FY25, reflecting the addition of roughly 225,030 BTC during the year
Growth in Digital Asset Value: FY24 digital asset value of approximately USD 41.8 billion increased to approximately USD 58.9 billion in FY25, indicating significant expansion in the company’s bitcoin treasury base
Significant Operating Loss Expansion: FY24 operating loss of approximately USD 1.9 billion widened to approximately USD 5.4 billion in FY25 primarily due to unrealized fair-value losses on bitcoin holdings
Rising Debt Levels: FY24 long-term debt of approximately USD 7.2 billion increased to approximately USD 8.2 billion in FY25 as the company raised additional capital to finance bitcoin purchases
Strategy’s financial performance and balance sheet valuation remain highly sensitive to volatility in bitcoin prices, which can significantly impact reported earnings, asset values, and investor sentiment
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 138.95 | 123.0 | 147.0 | 157.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Expansion of Bitcoin Treasury and Capital Strategy: During FY25, Strategy continued to strengthen its position as the world’s largest corporate holder of bitcoin through aggressive treasury expansion and capital market activity. The company increased its bitcoin holdings significantly and reinforced its capital structure through a mix of equity, preferred securities, and convertible debt offerings. These actions enabled Strategy to scale its bitcoin accumulation strategy while maintaining liquidity and improving financial flexibility. The company’s bitcoin treasury approach remains central to its long-term strategy of generating shareholder value through increasing Bitcoin Per Share (BPS).
Large-Scale Capital Raising to Support Growth: Strategy executed one of the largest capital raising programs among U.S. public companies during FY25, securing approximately USD 25.3 billion through multiple equity and preferred securities issuances. This capital supported the expansion of the company’s digital asset treasury and the development of its Digital Credit ecosystem. Through at-the-market equity programs and preferred stock offerings, the company maintained strong access to capital markets, allowing it to acquire additional bitcoin and strengthen its balance sheet structure.
Significant Growth in Digital Asset Holdings: Operationally, the company significantly expanded its bitcoin holdings during FY25 as part of its treasury strategy. Strategy ended the period holding approximately 713,502 bitcoins with a total acquisition cost of about USD 54.26 billion. This accumulation represented a substantial increase in the company’s digital asset base and positioned it as the dominant institutional participant in corporate bitcoin treasury management. The growth in bitcoin reserves strengthened the company’s asset base and reinforced its long-term exposure to the digital asset ecosystem.
Financial Performance Impacted by Bitcoin Price Volatility: Despite operational expansion, Strategy’s financial results during FY25 were materially influenced by volatility in bitcoin prices and the adoption of fair value accounting for crypto assets. Under the new accounting framework, changes in bitcoin market value directly impact reported earnings. As a result, the company recorded significant unrealized losses during periods of price declines, which materially affected operating income and net income for the year despite continued growth in underlying bitcoin holdings.
Development of Digital Credit Platform: A major strategic development during FY25 was the launch and expansion of Strategy’s Digital Credit platform. The company introduced several preferred equity instruments designed to generate capital for bitcoin acquisitions while providing investors fixed-income exposure linked to the digital asset ecosystem. These instruments broadened Strategy’s financing toolkit and helped diversify funding sources while maintaining alignment with its bitcoin treasury strategy.
Strengthening Liquidity and Financial Resilience: Strategy enhanced its financial resilience during FY25 by establishing a USD reserve and improving liquidity coverage. The company built a USD 2.25 billion reserve designed to support dividend and interest obligations for more than two years. This reserve strengthened the firm’s credit profile and provided additional flexibility to manage market volatility while continuing to execute its bitcoin accumulation strategy.
Performance of Bitcoin-Focused Operational Metrics: Operational metrics linked to Strategy’s bitcoin treasury strategy also demonstrated meaningful progress during FY25. The company achieved a BTC Yield of approximately 22.8% during the year, indicating growth in Bitcoin Per Share through treasury management activities. Additionally, Strategy generated BTC $ Gain of approximately USD 8.9 billion, reflecting value creation through its bitcoin treasury operations despite the volatility in reported earnings caused by fair value accounting adjustments.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Strategy Inc (NASDAQ: MSTR) at the closing market price of USD 138.95, as on Mar 09, 2026
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Software - Application
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MSTR MicroStrategy Incorporated |
-4.03 3.46% | 112.53 | - | 1250.00 | 209.17 | 25.90 | 218.21 | -447.3154 |
| SAPGF SAP SE |
0.004 0.0026% | 156.51 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SAP SAP SE ADR |
-3.57 2.25% | 155.22 | 75.80 | 22.37 | 5.62 | 3.75 | 5.51 | 25.79 |
| CRM Salesforce.com Inc |
-3.24 2.09% | 151.78 | 23.99 | 14.14 | 4.16 | 2.58 | 3.85 | 12.75 |
| INTU Intuit Inc |
-2.08 0.77% | 267.00 | 55.56 | 32.68 | 11.28 | 10.07 | 11.62 | 40.11 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on March 10, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer :
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