Post $MSTR Q1 2025 Earnings Call — Reflections & Breakdown

Post $MSTR Q1 2025 Earnings Call — Reflections & Breakdown

47:16 | May 1, 2025

🧭 MSTR True North Earnings Q1: Jeff dives deep into Strategy’s Q1 earnings deck. He breaks down the fixed income instruments, and how they’re building an investment-grade BTC treasury to reshape corporate finance.

🎛️ As of this recording, 5/01/25, Strategy’s (MSTR) performance:

• Open: $392.29
• Close: $381.60
• Volume: 16,833,800 shares
• mNAV: 2.13
• Market Cap: $104.19B
• U.S. Market Cap Ranking: 88
• BTC: 553,555

⏱️ Timestamps & Insights:

• 00:00:00 – Education Matters: Why understanding Bitcoin & strategy gives you an edge
• 00:06:16 – Capital Raise Explained: $84B ATM & fixed income plan breakdown
• 00:10:46 – Risk Tiers: Comparing volatility and seniority across investment instruments
• 00:14:35 – Bitcoin Torque: How BTC growth amplifies investment instrument returns
• 00:20:07 – Balance Sheet Torque: Risk-return dynamics of MSTR equity vs. bonds
• 00:25:09 – Bitcoin Leverage: $52B in BTC, $10B debt – what that means for strategy
• 00:30:16 – BTC Rating System: Measuring risk in over-collateralized Bitcoin assets
• 00:35:06 – Spread Premiums: Why some Bitcoin-backed instruments may be underpriced
• 00:41:25 – Investment Grade Goals: Building credibility for Bitcoin treasury instruments
• 00:46:23 – Holding Forever: MSTR’s long-term BTC vision and upcoming events

Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.