Strategy Inc. Class A (MSTR)

MSTR · Information Technology · United States

Strategy Inc. Class A (MSTR) is a company in the Information Technology sector, based in United States. The stock is held in 19 ETFs we track – with its largest weight of 0.37 % in WVAL (msci-world-value). Anyone holding one of these ETFs also owns a small indirect stake in Strategy.

Above-average ETF coverage: 19 of the 95 ETFs we cover hold Strategy, spread across 9 indices. That puts the stock in more ETFs than 80.8 % of the 4,334 stocks we cover.

Held in19 ETFs

Highest weight0.37 %

Indices9

SectorInformation Technology

CountryUnited States

ISINUS5949724083

Data note 1

About Strategy

Strategy, known as MicroStrategy until February 2025, sells business intelligence software. Since 2020 the company has also bought bitcoin as its main treasury reserve asset, financed largely by issuing shares, convertible bonds and preferred stock. Its share price therefore depends heavily on the bitcoin price. The company is based in Tysons Corner, Virginia.

Data note 2

Price chart

Data note 3

Performance

Performance
Year to date	-17.0 %	1 year	-62.3 %
1 month	+29.2 %	3 months	+8.3 %
Calendar year 2025	-47.5 %

52W

Data note 4

Measured in euros, Strategy returned -15.4 % year to date and -61.5 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 5

Risk metrics

Max drawdown-82.6 %

Volatility p.a.85.4 %

Data note 6

Below peak-73.4 %

Beta to S&P 5003.09

Correlation to S&P 5000.50

The close on Sep 16, 2026 was 73.4 % below the highest close since Aug 12, 2024, reached on Nov 20, 2024. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Strategy moved on average 3.09 % in the same direction. The correlation of 0.50 shows how reliable that average is: the broad market explained part of the daily moves, but far from all.

Data note 7

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Coinbase Global Inc. Class A	+0.81
Bitcoin	+0.79
WBTC	+0.79
Circle Internet Group Inc. Class A	+0.72
Ethereum	+0.70
WBETH	+0.69
USD/CHF	-0.51
Kinder Morgan Inc Class P	-0.43
Williams Companies Inc.	-0.37

Data note 8

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue0.5 bn $

Net income-3.8 bn $

Diluted EPS-15.23 $

Net margin-806.3 %

Gross margin68.7 %

Return on equity-8.7 %

Equity ratio71.6 %

Revenue growth+3.0 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	0.5	0.4	86.5 %
FY2024	0.5	-1.2	-251.7 %
FY2025	0.5	-3.8	-806.3 %

Data note 9

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
WVAL	msci-world-value	0.37 %	€3.70
XDEV	msci-world-value	0.36 %	€3.60
EXXT	nasdaq-100	0.19 %	€1.90
XNAS	nasdaq-100	0.19 %	€1.90
XUIT / XUTC	msci-usa-it	0.14 %	€1.40
XDWT	msci-world-it	0.12 %	€1.20
XD9U / XD9D	msci-usa	0.05 %	€0.50
SWWD	msci-world	0.04 %	€0.40
EUNL	msci-world	0.04 %	€0.40
SPPW	msci-world	0.04 %	€0.40
XDWD / XDWL	msci-world	0.04 %	€0.40
WIMI	msci-world-imi	0.03 %	€0.30
SPYI / SPSA	msci-acwi-imi	0.03 %	€0.30
SPYY	msci-acwi	0.03 %	€0.30
IUSQ	msci-acwi	0.03 %	€0.30

Data note 10

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Strategy as of the fund's latest holdings list.

How much Strategy Inc. Class A overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Strategy — the figure counts the ETFs holding both.

Data note 11

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Strategy	-62.3 %	85.4 %	-806.3 %	+3.0 %
CoreWeave	-29.8 %	112.5 %	-22.8 %	+167.9 %
Zoom Communications	+7.9 %	39.2 %	39.0 %	+4.4 %
QUALCOMM Incorporated	+12.6 %	46.5 %	12.5 %	+13.7 %
Astera Labs	+12.7 %	95.8 %	25.7 %	+115.1 %
Okta	+109.2 %	57.1 %	8.1 %	+11.8 %
Circle Internet Group	-40.3 %	111.4 %	-63.3 %	+624.0 %
Entegris	+40.6 %	62.2 %	7.4 %	-1.4 %
Samsara	+3.0 %	56.1 %	-0.6 %	+29.6 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.