Strategy Incorporated (DE:MIGA)
NASDAQ:MIGA
MIGA Stock Chart & Stats
€139.48
-€5.40(-1.64%)
At close: 4:00 PM EST
€139.48
-€5.40(-1.64%)
Day’s Range― - ―
52-Week Range€89.00 - €395.40
Previous CloseN/A
Volume3.38K
Average Volume (3M)5.49K
Market Cap
€41.06B
Enterprise Value€53.31B
Total Cash (Recent Filing)€2.21B
Total Debt (Recent Filing)€8.26B
Price to Earnings (P/E)―
Beta1.19
Next Earnings
Aug 04, 2026EPS Estimate
20.9Next Dividend Ex-DateN/A
Dividend Yield0.08%
Share Statistics
EPS (TTM)-35.65
Shares Outstanding330,807,620
10 Day Avg. Volume2,747
30 Day Avg. Volume5,493
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.88
Price to Sales (P/S)93.61
P/FCF Ratio-428.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€259.79Price Target Upside86.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)31.54
Revenue Forecast (FY)€431.38M
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth & Healthy Gross MarginSustained top-line expansion (+277% TTM) combined with a ~68% gross margin indicates durable product-market fit in the enterprise analytics business. High margins give structural operating leverage and the ability to reinvest in product and sales, supporting long-term scalability independent of crypto swings.
Improved Balance Sheet And Moderate LeverageSubstantially stronger equity and low reported leverage provide durable financial flexibility, reducing refinancing pressure and enabling strategic actions (ATM issuance, convertible repurchases, preferred issuance). This balance-sheet strength supports ongoing BTC accumulation and liability management over multiple market cycles.
STRC Adoption And Capital Markets OptionalityRapid STRC adoption and deep liquidity create a persistent funding engine and a yield-bearing product for investors. This structural distribution channel widens financing options, lets management fund bitcoin accumulation without bank debt, and underpins strategic levers to accrete BTC/share over the medium term.
Bears Say
Weak Operating Cash Flow QualityConsistent negative operating cash flow over multiple years shows the software business is not reliably generating cash, forcing repeated reliance on external capital. That structural cash-generation weakness raises execution risk for buy-and-hold BTC strategy and increases sensitivity to capital-market access and dilution.
Earnings Volatility From Bitcoin Mark-to-marketLarge noncash mark-to-market swings produce extreme reported earnings volatility and negative ROE, undermining profit predictability and complicating capital allocation. Persistent fair-value exposure creates structural reporting and tax effects that can mask operating performance and impair investor confidence long term.
Concentration And Reliance On Equity IssuanceOngoing dependence on at-the-market equity issuance to fund bitcoin purchases concentrates balance-sheet risk and creates recurring dilution potential. Structurally, this ties strategic growth to capital-market access and investor appetite, heightening execution and funding risk if markets tighten or issuance terms worsen.
Strategy News
MIGA FAQ
What was Strategy Incorporated’s price range in the past 12 months?
Strategy Incorporated lowest stock price was €89.00 and its highest was €395.40 in the past 12 months.
What is Strategy Incorporated’s market cap?
Strategy Incorporated’s market cap is €41.06B.
When is Strategy Incorporated’s upcoming earnings report date?
Strategy Incorporated’s upcoming earnings report date is Aug 04, 2026 which is in 61 days.
How were Strategy Incorporated’s earnings last quarter?
Strategy Incorporated released its earnings results on May 05, 2026. The company reported -€32.807 earnings per share for the quarter, missing the consensus estimate of -€0.739 by -€32.068.
Is Strategy Incorporated overvalued?
According to Wall Street analysts Strategy Incorporated’s price is currently Undervalued.
Does Strategy Incorporated pay dividends?
Strategy Incorporated does not currently pay dividends.
What is Strategy Incorporated’s EPS estimate?
Strategy Incorporated’s EPS estimate is 20.9.
How many shares outstanding does Strategy Incorporated have?
Strategy Incorporated has 330,807,620 shares outstanding.
What happened to Strategy Incorporated’s price movement after its last earnings report?
Strategy Incorporated reported an EPS of -€32.807 in its last earnings report, missing expectations of -€0.739. Following the earnings report the stock price went down -0.659%.
Which hedge fund is a major shareholder of Strategy Incorporated?
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
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5
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9
10
Analyst Consensus
Strong Buy
Average Price Target:
€259.79 (86.26% Upside)
€259.79 (86.26% Upside)
Blogger Sentiment
Bullish
DE:MIGA Sentiment 70%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth €7.0M over
the Last 3 Months
the Last 3 Months
News Sentiment
Bearish
Bullish news 25%
Bearish news 75%
Bearish news 75%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-63.44%
12-Months-Change
Fundamentals
Return on Equity
-24.09%
Trailing 12-Months
Asset Growth
23.56%
Trailing 12-Months
Company Description
Strategy Incorporated
Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. The company offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. It 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; and 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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong operational momentum: large and growing Bitcoin holdings (818k BTC), aggressive capital raises (~$11.7B YTD), rapid adoption and liquidity of the STRC product (~$8.5B outstanding, $375M/day trading), and clear strategic optionality (scenarios to accrete BTC per share, retire convertibles, and fund dividends). Key risks remain mark-to-market volatility (Q1 unrealized loss ~$14.5B and reported net loss $12.8B), compression of USD reserve coverage, and execution/communication risk around selling Bitcoin. Management presented multiple quantitative scenarios and stress tests and reiterated a long-term buy-and-hold thesis with active capital-markets tools. On balance, the positives — growth in BTC per share, rapid STRC adoption and liquidity, and diversified funding optionality — outweigh the near-term mark-to-market losses and volatility-related risks.View all DE:MIGA earnings summariesMIGA Revenue Breakdown
57.26% U.S.
31.42% EMEA
11.32% Other Regions
MIGA Stock 12 Month Forecast
Average Price Target
€259.79
▲(86.26% Upside)
Technical Analysis
Options Prices
Currently, No data available
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