MIGA Stock Chart & Stats
€81.02
-€2.43(-2.91%)
At close: 4:00 PM EDT
€81.02
-€2.43(-2.91%)
Day’s Range― - ―
52-Week Range€72.00 - €358.90
Previous CloseN/A
Volume355.00
Average Volume (3M)8.25K
Market Cap
€28.34B
Enterprise Value€49.41K
Total Cash (Recent Filing)€2.21B
Total Debt (Recent Filing)€8.26B
Price to Earnings (P/E)―
Beta1.60
Next Earnings
Nov 04, 2026EPS Estimate
8.91Next Dividend Ex-DateN/A
Dividend Yield0.08%
Share Statistics
EPS (TTM)-35.65
Shares Outstanding330,807,620
10 Day Avg. Volume4,688
30 Day Avg. Volume8,247
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.88
Price to Sales (P/S)93.61
P/FCF Ratio-1.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€232.17Price Target Upside186.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)1.7
Revenue Forecast (FY)€433.32M
Bulls Say, Bears Say
Bulls Say
Rapid Revenue Growth & Strong Gross MarginSustained, outsized top-line growth paired with ~68% gross margin indicates the company’s software/analytics business retains scalable unit economics. Over months this supports reinvestment, margin preservation on incremental sales, and a foundation to improve operating leverage as cash conversion normalizes.
Improved Balance-sheet LeverageA materially improved capital structure from prior periods (moderate leverage and positive equity) reduces refinancing stress and increases financial flexibility. This durable leverage profile supports longer-term funding of strategic initiatives and reduces default/dilution risk versus earlier negative-equity years.
Formalized Liquidity & Digital Credit FrameworkInstitutionalizing a USD Reserve policy, STRC mechanics and repurchase authorities creates predictable liquidity and capital-allocation rules. Over the medium term (months), clear frameworks help stabilize preferred payouts, reduce ad hoc market dependence, and make Digital Credit issuance more credible to investors.
Bears Say
Large Unrealized Digital-asset MarkdownsMassive mark-to-market losses from bitcoin lead to extreme earnings volatility and distort reported profitability. This structural exposure makes multi-period earnings and return metrics unreliable, complicates capital allocation decisions, and can impair investor confidence over several quarters.
Negative And Inconsistent Operating Cash FlowThe core business has failed to consistently generate operating cash across recent years, creating reliance on external funding for growth and bitcoin activity. Persistently negative OCF and swingy FCF hinder durable self-funding, increase liquidity risk, and strain long-term free-cash-flow predictability.
Ongoing Reliance On Equity Markets To Fund StrategyRepeat at-the-market equity sales to fund bitcoin purchases and reserves creates structural dilution and execution dependence on market access. Over months, this elevates financing risk: adverse market conditions or tighter issuance windows could constrain the company’s ability to execute its balance-sheet-driven bitcoin strategy.
Strategy News
MIGA FAQ
What was Strategy’s price range in the past 12 months?
Strategy lowest stock price was €72.00 and its highest was €358.90 in the past 12 months.
What is Strategy’s market cap?
Strategy’s market cap is €28.34B.
When is Strategy’s upcoming earnings report date?
Strategy’s upcoming earnings report date is Nov 04, 2026 which is in 94 days.
How were Strategy’s earnings last quarter?
Strategy released its earnings results on Jul 30, 2026. The company reported -€21.193 earnings per share for the quarter, missing the consensus estimate of -€1.897 by -€19.296.
Is Strategy overvalued?
According to Wall Street analysts Strategy’s price is currently Undervalued.
Does Strategy pay dividends?
Strategy does not currently pay dividends.
What is Strategy’s EPS estimate?
Strategy’s EPS estimate is 8.91.
How many shares outstanding does Strategy have?
Strategy has 330,807,620 shares outstanding.
What happened to Strategy’s price movement after its last earnings report?
Strategy reported an EPS of -€21.193 in its last earnings report, missing expectations of -€1.897. Following the earnings report the stock price went down -3.226%.
Which hedge fund is a major shareholder of Strategy?
Currently, no hedge funds are holding shares in DE:MIGA
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Strategy Stock Smart Score
Underperform
1
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5
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7
8
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10
Analyst Consensus
Strong Buy
Average Price Target:
€232.17 (186.56% Upside)
€232.17 (186.56% Upside)
Blogger Sentiment
Bullish
DE:MIGA Sentiment 60%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth €5.8M over
the Last 3 Months
the Last 3 Months
News Sentiment
Bullish
Bullish news 69%
Bearish news 31%
Bearish news 31%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-77.90%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
23.56%
Trailing 12-Months
Company Description
Strategy
Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
MIGA Company Deck
MIGA Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized multiple record operating metrics (originations, fundings, total and net investment income), strong liquidity and reduced leverage, robust portfolio capital raises, and recurring contributions from the Adviser business. Credit metrics showed modest deterioration (small increase in lower-grade loans, one additional non-accrual) and expenses rose due to variable compensation and taxes, but these negatives are limited in magnitude relative to the positive operational momentum. Management reiterated disciplined underwriting and conservative balance sheet posture while possessing the liquidity and platform scale to capitalize on market opportunities.View all DE:MIGA earnings summariesMIGA Revenue Breakdown
57.26% U.S.
31.42% EMEA
11.32% Other Regions

MIGA Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
€232.17
▲(186.56% Upside)
Technical Analysis
1 Day
3 Days
1 Week
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