Latest news with #STRC
Yahoo
6 days ago
- Business
- Yahoo
The $2.5 billion STRC offering is the largest IPO all year: Strategy
In an X (formerly Twitter) post on Sunday, Strategy (MSTR) announced that the recent IPO of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) has set the record as the largest IPO in 2025. In the image attached to the post, Strategy showed that STRC's $2.5 billion IPO, which was upsized by a factor of five, was $0.75 billion larger than the second largest IPO and over twice the size of the Circle (CRCL) IPO. Notably, Strategy's STRD IPO came in eighth on the ranking of IPOs in 2025. STRD raised $1 billion in early June. Shortly after the STRD IPO, Strategy announced a $4.2 billion ATM offering on STRD. Strategy aims to be the premier issuer of bitcoin-backed credit instruments, having launched four series of perpetual preferred shares in 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
01-08-2025
- Business
- Business Insider
Strategy announces $4.2B STRC At-The-Market program
Strategy (MSTR) 'announced that it has entered into a sales agreement pursuant to which Strategy may issue and sell shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share, having an aggregate offering price of up to $4.2 billion. Strategy expects to make sales of STRC Stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the STRC Stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin and for working capital, and may also use the net proceeds for the payment of cash dividends declared or expected to be declared by the board of directors of Strategy from time to time on shares of any class or series of preferred stock, other than the STRC Stock, then outstanding.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
01-08-2025
- Business
- Yahoo
MicroStrategy's (NASDAQ:MSTR) Q2 Sales Top Estimates
Business analytics software company MicroStrategy (NASDAQ:MSTR) reported Q2 CY2025 results exceeding the market's revenue expectations , with sales up 2.7% year on year to $114.5 million. Its GAAP profit of $32.60 per share was significantly above analysts' consensus estimates. Is now the time to buy MicroStrategy? Find out in our full research report. MicroStrategy (MSTR) Q2 CY2025 Highlights: Revenue: $114.5 million vs analyst estimates of $113.1 million (2.7% year-on-year growth, 1.2% beat) EPS (GAAP): $32.60 vs analyst estimates of -$0.07 (significant beat) EPS (GAAP) guidance for the full year is $80 at the midpoint, beating analyst estimates by 596% Operating Margin: 12,256%, up from -180% in the same quarter last year Market Capitalization: $112 billion 'In the second quarter and into July, Strategy delivered another period of exceptional execution and growth. We expanded our bitcoin holdings to 628,791 bitcoins, raised over $10 billion through our ATM programs and IPOs, and saw growing institutional and retail demand for our securities. STRC, our short duration, high yield credit instrument, which was our largest ever IPO, demonstrates how we amplify our bitcoin holdings through intelligent leverage. Our overall capital raising activities have resulted in our Bitcoin per Share ('BPS') increasing by 25% year-to-date and as a result we are raising our full year BTC Yield and BTC $ Gain KPI targets to 30% and $20 billion, respectively. These achievements underscore the scale of our Bitcoin treasury strategy and the strength of our capital markets platform. In this release, we are also publishing a capital markets framework, which provides a clear structure for how we intend to raise capital to increase our bitcoin balance sheet and grow long-term shareholder value,' said Phong Le, President and Chief Executive Officer. Company Overview Founded in 1989 with an initial contract with DuPoint, MicroStrategy (NASDAQ:MSTR) started as a data mining and business intelligence software platform, but in 2020, the company made waves by investing heavily in Bitcoin. Note that our analysis is rooted in fundamentals, not Bitcoin-driven technicals. Revenue Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. MicroStrategy's demand was weak over the last three years as its sales fell at a 2.8% annual rate. This was below our standards and suggests it's a lower quality business. This quarter, MicroStrategy reported modest year-on-year revenue growth of 2.7% but beat Wall Street's estimates by 1.2%. Looking ahead, sell-side analysts expect revenue to grow 1.5% over the next 12 months. Although this projection indicates its newer products and services will spur better top-line performance, it is still below average for the sector. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Cash Is King Although earnings are undoubtedly valuable for assessing company performance, we believe cash is king because you can't use accounting profits to pay the bills. MicroStrategy's demanding reinvestments have drained its resources over the last year, putting it in a pinch and limiting its ability to return capital to investors. Its free cash flow margin averaged negative 23.2%, meaning it lit $23.18 of cash on fire for every $100 in revenue. This is a stark contrast from its operating margin, and its investments (i.e., stocking inventory, building new facilities) are the primary culprit. Key Takeaways from MicroStrategy's Q2 Results We were impressed by MicroStrategy's optimistic full-year EPS guidance, which blew past analysts' expectations. We were also happy its revenue narrowly outperformed Wall Street's estimates. Zooming out, we think this quarter featured some important positives. The stock traded up 1.2% to $406.38 immediately following the results. MicroStrategy put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
31-07-2025
- Business
- Business Wire
Strategy Announces $4.2 Billion STRC At-The-Market Program
TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy™ (Nasdaq: MSTR; STRK; STRF; STRD; STRC) today announced that it has entered into a sales agreement pursuant to which Strategy may issue and sell shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share (the 'STRC Stock'), having an aggregate offering price of up to $4.2 billion (the 'ATM Program'). Strategy expects to make sales of STRC Stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the STRC Stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin and for working capital, and may also use the net proceeds for the payment of cash dividends declared or expected to be declared by the board of directors of Strategy from time to time on shares of any class or series of preferred stock, other than the STRC Stock, then outstanding. The STRC Stock, subject to the terms and conditions of the sales agreement, may be sold by agents by any method that is deemed an 'at the market offering' as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended or any other method permitted by law, which may include negotiated transactions or block trades. The sale of STRC Stock under the ATM Program is only offered pursuant to a prospectus supplement, filed with the Securities and Exchange Commission on July 31, 2025 under the existing automatic shelf registration statement, which became effective on January 27, 2025 (File No. 333-284510), and the base prospectus contained therein. This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, STRC Stock, nor shall there be any sale of STRC Stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Strategy MicroStrategy Incorporated d/b/a Strategy (Nasdaq: MSTR/STRK/STRF/STRD/STRC) is the world's first and largest Bitcoin Treasury Company. We are a publicly traded company that has adopted Bitcoin as our primary treasury reserve asset. By using proceeds from equity and debt financings, as well as cash flows from our operations, we strategically accumulate Bitcoin and advocate for its role as digital capital. Our treasury strategy is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. In addition, we provide industry-leading AI-powered enterprise analytics software, advancing our vision of Intelligence Everywhere. We leverage our development capabilities to explore innovation in Bitcoin applications, integrating analytics expertise with our commitment to digital asset growth. We believe our combination of operational excellence, strategic Bitcoin reserve, and focus on technological innovation positions us as a leader in both the digital asset and enterprise analytics sectors, offering a unique opportunity for long-term value creation. Strategy, MicroStrategy, and Intelligence Everywhere are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners. Forward-Looking Statements Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the at-the-market offering of the STRC Stock. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would,' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to the sales made pursuant to the offering program, if any, market conditions and the other factors discussed in the 'Risk Factors' section of Strategy's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 5, 2025, the factors discussed under the header 'Risk Factor Updates' in the current report on Form 8-K filed by Strategy with the Securities and Exchange Commission on July 7, 2025 and the risks described in other filings that Strategy may make with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Strategy specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Yahoo
30-07-2025
- Business
- Yahoo
Michael Saylor's Strategy Makes Massive $2.4B Bitcoin Purchase With Preferred Stock Sale Proceeds
Strategy (MSTR), the largest corporate owner of bitcoin (BTC), said on Tuesday it has acquired roughly $2.4 billion worth of BTC using the funds from its new preferred stock (STRC) issuance. The firm sold nearly $2.5 billion worth of STRC, also dubbed "stretch," to investors, significantly more than the originally planned $500 million. STRC, which aims to deliver a regular dividend to investors initially set at a 9% rate, will start trading on Wednesday on Nasdaq. With the proceeds, the company purchased 21,021 BTC at an average price of $117,256, according to a press release. That brings Strategy's bitcoin holdings to 628,791 BTC, worth nearly $74 billion at current in to access your portfolio
