What to Know
- Strategy’s new convertible preferred stock Strike (STRK) is expected to be listed on the Nasdaq today.
- The company introduced new performance targets, including a 2025 Bitcoin gain of $10 billion and a Bitcoin yield of 15%.
- The impairment loss for not adopting FASB rules came to $1 billion.
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR) expects its convertible preferred stock Strike (STRK) to be listed on Nasdaq on Thursday, according to a slide in its earnings presentation.
Strategy, formerly known as MicroStrategy, also introduced new performance metrics when it reported fourth-quarter earnings after the market closed on Wednesday. The Tysons Corner, Virginia-based company reported a loss of $3.03 per share. It did not adopt Financial Stability Accounting Board (FASB) rules, which would have avoided a $1 billion impairment loss.
Bitcoin Performance Indicators: 2025 Bitcoin gain target of $10 billion.
- Year-to-date performance: $1.24 billion.
- Bitcoin yield target: 15%, year-to-date yield currently at 2.9%.
Strategy has utilized approximately $17 billion of its $21 billion at-the-market equity program so far. In the earnings presentation, the company indicated that its share sales were just 2.9% of the total cumulative trading volume.
