Core Viewpoint - Defiance ETFs has launched the Defiance Leveraged Long + Income MSTR ETF (MST), which combines leveraged exposure to MicroStrategy with a unique weekly income payout feature, targeting retail investors seeking both growth and income [1][2]. Investment Objective - The Fund aims for long-term capital appreciation while also seeking current income through an Income Generation Strategy that utilizes credit call spreads to manage risk and generate premium income [3]. Unique Features of MST - MST aims to deliver approximately 150% to 200% of MicroStrategy's daily price performance, providing leveraged exposure to its volatility and growth potential [9]. - The ETF generates high income through a credit call spreads strategy, distributing income to investors weekly, thus offering regular cash flow [9]. - By investing in MicroStrategy, known for its significant Bitcoin holdings, MST provides indirect access to Bitcoin market trends without direct cryptocurrency ownership [9]. MicroStrategy's Performance - MicroStrategy has experienced over 4,000% growth since its December 2022 low, driven by its Bitcoin-focused strategy and leadership in data analytics [5]. - Previous MSTR-based ETFs from Defiance have surpassed $1 billion in combined assets, indicating strong market interest and performance [5]. Company Background - Defiance, founded in 2018, is recognized for its innovative ETF offerings, specializing in thematic, income, and leveraged ETFs, allowing investors to take amplified positions in high-growth companies without needing a margin account [6].

Q1 2025 Financial Results May 1, 2025 Copyright © 2025 Strategy. All Rights Reserved. Q1 2025 Review Strategy Q1 2025 Earnings Call Safe Harbor Statement FORWARD-LOOKING STATEMENTS Some of the information we provide in this presentation regarding our future expectations, plans, and prospects may constitute forward-looking statements. Actual results may differ materially from these forward- looking statements due to various important factors, including the risk factors discussed in our most recent Annual Rep ...

Strategy (MSTR) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 And good evening. I'm Sherid Jajodiya, corporate treasurer and head of investor relations at Strategy. I will be your moderator for Strategy's twenty twenty five first quarter earnings webinar. Before we proceed, I will read the safe harbor statement. Some of the information we provide during today's call regarding our future expectations, plans and prospects may constitute forward looking statements. Actual results may differ materiall ...

Strategy (MSTR) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Company Participants Shirish Jajodia - Head - IR & TreasuryPhong Le - President & CEOAndrew Kang - Executive VP & CFOMichael Saylor - Executive Chairman Shirish Jajodia And good evening. I'm Sherid Jajodiya, corporate treasurer and head of investor relations at Strategy. I will be your moderator for Strategy's twenty twenty five first quarter earnings webinar. Before we proceed, I will read the safe harbor statement. Some of the information we p ...

Financial Performance - Total revenues for Q1 2025 were $111.1 million, a 3.6% decrease year-over-year compared to Q1 2024[16] - The Company reported total revenues of $111,066,000 for the three months ended March 31, 2025, compared to $115,246,000 for the same period in 2024, reflecting a decrease of approximately 3.4%[35] - The gross profit for the three months ended March 31, 2025, was $77,095,000, down from $85,231,000 in the prior year, indicating a decline of about 9.6%[35] - Total revenues for the Software Business segment for the three months ended March 31, 2025, were $111,066 thousand, a decrease from $115,246 thousand in the same period of 2024[61] Net Loss and Expenses - Net loss for Q1 2025 was $4.217 billion, or $16.49 per diluted share, compared to a net loss of $53.1 million, or $0.31 per diluted share, in Q1 2024[16] - The net loss attributable to common stockholders for the three months ended March 31, 2025, was $4,228,018,000, significantly higher than the net loss of $53,118,000 for the same period in 2024[35] - The Company incurred an unrealized loss on digital assets amounting to $5,906,005,000 for the three months ended March 31, 2025, compared to no such loss in the same period of 2024[35] - The Company’s total operating expenses for the three months ended March 31, 2025, were $5,998,507,000, compared to $288,933,000 in the prior year, reflecting a substantial increase[35] - For the three months ended March 31, 2025, MicroStrategy reported a loss from operations of $5,921,412 thousand, compared to a loss of $203,702 thousand for the same period in 2024, indicating a significant increase in operational losses[51] Bitcoin Holdings and Performance - The company holds 553,555 bitcoins at a total cost of $37.90 billion, averaging $68,459 per bitcoin[6] - The company achieved a "BTC Yield" of 13.7% year-to-date, surpassing the full year 2025 target of 15%[6] - Year-to-date "BTC $ Gain" reached $5.8 billion, meeting 58% of the annual target of $10 billion[4] - The company increased its 2025 "BTC Yield" target from 15% to 25% and "BTC $ Gain" target from $10 billion to $15 billion[6] - The market value of Bitcoin holdings at the end of March 31, 2025, was approximately $43.55 billion, reflecting a significant increase from $41.79 billion at the end of December 31, 2024[47] - The company held 528,185 Bitcoins as of March 31, 2025, an increase from 447,470 Bitcoins as of December 31, 2024, representing a growth of approximately 18%[47] - The average purchase price per Bitcoin held increased from $62,503 at the end of December 31, 2024, to $67,457 at the end of March 31, 2025[47] Assets and Liabilities - Total current assets decreased from $252.32 million as of December 31, 2024, to $203.61 million as of March 31, 2025, representing a decline of approximately 19.3%[37] - Digital assets increased significantly from $23.91 billion as of December 31, 2024, to $43.55 billion as of March 31, 2025, marking an increase of approximately 82.5%[37] - Total liabilities rose from $7.61 billion as of December 31, 2024, to $10.39 billion as of March 31, 2025, indicating an increase of approximately 36.5%[37] - Stockholders' equity increased from $18.23 billion as of December 31, 2024, to $32.22 billion as of March 31, 2025, reflecting a growth of approximately 76.7%[37] - The Company held total assets of $43,919,760 thousand as of March 31, 2025, compared to $6,351,539 thousand as of March 31, 2024, indicating a significant increase in total assets[61] Cash Flow - Net cash used in operating activities was $(2.39) million for the three months ended March 31, 2025, compared to $28.59 million provided in the same period of 2024[39] - Net cash used in investing activities surged to $(7.67) billion for the three months ended March 31, 2025, compared to $(1.64) billion in the same period of 2024[39] - The company reported a net increase in cash, cash equivalents, and restricted cash of $22.36 million for the three months ended March 31, 2025, down from $35.06 million in the same period of 2024[39] Shareholder Information - The Company’s Assumed Diluted Shares Outstanding increased to 256,473,000 for the three months ended March 31, 2025, from 171,942,000 in the same period of 2024[35] - The diluted loss per common share for the three months ended March 31, 2025, was $16.53, compared to $0.83 for the same period in 2024, showing a dramatic increase in losses per share[53] Strategic Focus - The Company has dedicated certain corporate personnel to its bitcoin strategy, reflecting a strategic focus on enhancing its digital asset management[58] - The Chief Operating Decision Maker (CODM) uses net income (loss) to assess the profitability of the software business, indicating a focus on controllable costs for future budgeting[59]

As earnings season heats up, three crypto-adjacent players — Riot Platforms Inc RIOT, MicroStrategy Inc (Strategy) MSTR, and Block Inc XYZ — are stepping into the spotlight after the bell today. But heading into their first quarter earnings, the market has already picked its favorites — and its laggards.Chart created using Benzinga ProLet's start with Riot stock, the pure-play Bitcoin BTC/USD miner that's been feeling the heat. Despite a modest 4.91% bounce over the past month, Riot is still down more than ...

Strategy (MSTR -0.48%) just bought more than $1.4 billion of Bitcoin on April 28 (BTC 0.93%), and it isn't the first time. With such a purchase, the company is sending an unambiguous signal that it thinks the coin's value is going to continue increasing.But that doesn't mean you should follow in Strategy's footsteps blindly. Let's evaluate its approach and its rationale so that you will know whether it makes sense to invest in Bitcoin too, or if it would be better to allocate your capital elsewhere.Your fin ...

In four of the past five years, Bitcoin (BTC -0.41%) has been the top-performing asset in the world, and it hasn't even been close. In 2020, 2023, and 2024, Bitcoin delivered triple-digit returns to investors. Over the past five years, Bitcoin is now up a head-spinning 956%.It might seem unfathomable, then, that any stock could possibly surpass Bitcoin's performance over that time interval. So you might be surprised that Strategy (MSTR 3.21%) -- the company formerly known as MicroStrategy -- has done exactl ...

MSTR moved up over 10 points for the sessionMicroStrategy, Inc. (MSTR) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:12 AM on April 29th, a significant trading signal occurred for MicroStrategy, Inc. (MSTR) as it demonstrated a Power Inflow at a price of $373.20. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in ...

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Strategy Incorporated (f/k/a MicroStrategy Incorporated) (“Strategy” or the “Company”) (NASDAQ: MSTR).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Strategy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information abo ...