Strategy Announces Thursday Nasdaq Listing for STRK Convertible Preferred Shares

Strategy (MSTR) Announces Earnings and Key Updates, Including Convertible Preferred Stock Listing and New Performance Metrics

On February 6, 2025, Strategy (formerly known as MicroStrategy) revealed in its latest earnings presentation that its share sales through the at-the-market (ATM) offering accounted for just under 3% of the total cumulative trading volume. The company also announced that its convertible preferred stock, Strike (STRK), is set to be listed on Nasdaq this Thursday.

In its fourth-quarter earnings report, Strategy, headquartered in Tysons Corner, Virginia, posted a loss of $3.03 per share. Notably, the company chose not to adopt the Financial Stability Accounting Board (FASB) rules, which would have helped prevent a $1 billion impairment loss. However, Strategy stated that it plans to adopt these rules in the upcoming quarter.

The company also introduced new key performance indicators (KPIs) as part of its earnings update. One notable metric is the anticipated $10 billion gain from Bitcoin (BTC) in 2025. As of now, the company has realized $1.24 billion in Bitcoin gains this year. Another KPI focuses on Bitcoin yield, which is expected to reach 15%, though year-to-date the company has achieved 2.9%.

To date, Strategy has utilized approximately $17 billion of its $21 billion ATM equity program. In the earnings presentation, it was noted that share sales represented just 2.9% of total cumulative trading volume, with the week of November 11-15 marking the highest at 7%.

Shares of Strategy saw a modest 1.3% increase in pre-market trading.