SKY Mountain Capital Management Inc. Decreases Stake in Strategy Inc $MSTR

SKY Mountain Capital Management Inc. lowered its stake in shares of Strategy Inc (NASDAQ:MSTR) by 59.1% during the third quarter, Holdings Channel reports. The fund owned 14,907 shares of the software maker’s stock after selling 21,522 shares during the period. Strategy makes up approximately 3.3% of SKY Mountain Capital Management Inc.’s holdings, making the stock its 6th biggest holding. SKY Mountain Capital Management Inc.’s holdings in Strategy were worth $4,803,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MSTR. RiverFront Investment Group LLC acquired a new stake in shares of Strategy during the second quarter worth $3,561,000. J.W. Cole Advisors Inc. increased its position in Strategy by 25.3% during the second quarter. J.W. Cole Advisors Inc. now owns 10,262 shares of the software maker’s stock worth $4,148,000 after acquiring an additional 2,069 shares during the period. Resona Asset Management Co. Ltd. raised its stake in Strategy by 13.6% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 77,914 shares of the software maker’s stock worth $31,298,000 after purchasing an additional 9,338 shares in the last quarter. Stevens Capital Management LP bought a new stake in Strategy in the 2nd quarter valued at about $35,967,000. Finally, Swiss National Bank grew its position in shares of Strategy by 17.1% during the 2nd quarter. Swiss National Bank now owns 749,300 shares of the software maker’s stock worth $302,890,000 after purchasing an additional 109,500 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BTIG Research dropped their price target on shares of Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cowen restated a “buy” rating on shares of Strategy in a research note on Thursday, January 15th. HC Wainwright cut their target price on Strategy from $521.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Citigroup decreased their price target on Strategy from $485.00 to $325.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, China Renaissance assumed coverage on shares of Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $435.44.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy completed a $2.13 billion purchase of 22,305 BTC, taking its treasury above ~700,000 BTC—an outcome bullish for long‑term upside if bitcoin recovers. Strategy buys $2.13B in bitcoin to surpass 700,000 BTC in treasury
• Positive Sentiment: Third‑party interest appears to be rising: reports say Vanguard made a large investment (~$505M) and other institutional flows into MSTR-related instruments have been noted—providing some validation and potential liquidity support. MSTR stock jumps as Vanguard makes first $505 million investment in Strategy
• Neutral Sentiment: The bitcoin additions have been funded through equity and financing programs (at‑the‑market offerings), per company filings—this funds accumulation but also raises dilution questions depending on pace and pricing. Strategy expands bitcoin holdings using equity offering proceeds
• Neutral Sentiment: Earlier purchases (e.g., 13,627 BTC after a $1.13B balance‑sheet raise) show a sustained accumulation strategy—important context but not an immediate catalyst by itself. Strategy Inc. (MSTR) Acquires 13,627 BTC after $1.13B Balance Sheet Boost
• Negative Sentiment: Bitcoin’s recent drop (below $90k / ~4% down in 24h) has pressured MSTR shares—MSTR moves with bitcoin and large BTC purchases can amplify downside when the crypto market weakens. Bitcoin Below $90,000: Technicals Flash ‘Strong Sell’
• Negative Sentiment: Analyst and press skepticism is mounting—pieces questioning whether the treasury‑first model still works and flagging dilution, large unrealized crypto losses and weak software revenue have weighed on sentiment. Strategy: No Longer Worth It
• Negative Sentiment: News outlets highlight that aggressive buying amid a falling BTC market is coinciding with heavy equity issuance and mounting questions about valuation—this combination is a near‑term negative for the stock. Strategy Stock ($MSTR) Slides 7% as Aggressive Bitcoin Buying Continues

Insider Buying and Selling at Strategy

In related news, Director Carl J. Rickertsen bought 5,000 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were purchased at an average price of $155.88 per share, with a total value of $779,400.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at $779,400. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jane A. Dietze acquired 1,100 shares of the stock in a transaction dated Friday, November 21st. The stock was purchased at an average cost of $95.28 per share, with a total value of $104,808.00. Following the purchase, the director directly owned 2,600 shares of the company’s stock, valued at $247,728. This trade represents a 73.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 6,112 shares of company stock worth $885,408 and have sold 13,177 shares worth $2,843,166. Company insiders own 8.46% of the company’s stock.

Strategy Stock Down 7.8%

Shares of NASDAQ MSTR opened at $160.23 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16. The company has a market cap of $46.04 billion, a price-to-earnings ratio of 7.45 and a beta of 3.42. Strategy Inc has a 12 month low of $149.75 and a 12 month high of $457.22. The stock has a 50-day moving average price of $173.17 and a two-hundred day moving average price of $283.67.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. Strategy had a net margin of 1,667.09% and a return on equity of 20.98%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.