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Strategy earnings puts tiny STRC front and center

Strategy released its Q3 earnings yesterday, spending vast amounts of time on its newest, (and relatively small) preferred stock, STRC.

What to expect on Strategy’s Q3 earnings call today

Strategy is reporting earnings today after the market close. Here are the top seven things investors expect to learn.

The premium that investors are paying for BTC treasury companies continues to decline. In other words, mNAV compression is real.

Strategy common shares have fallen to a 19-month low multiple-to-Net Asset Value. The basic mNAV of MSTR is now just 1.21x.

Michael Saylor has been particularly optimistic about expanding STRC domestically and abroad, yet his STRC ATM sales to date are $0.