Price: mark price · perpetual futures / vs. 24h earlier / / Saved / stale
Price-discovery chart
Solid line = the referenced cash market is in session / dotted line = outside the session (overnight and weekends); both show the same perpetual-futures reference value (line styles are not distinguished at narrow display widths). About the data
Saved open interest, contract count
Saved funding rate, per-hour decimal
Formerly MicroStrategy. A U.S. company with a software business that holds bitcoin as a treasury asset.
Source: Hyperliquid · Last updated · Perpetual-futures reference value
Cash New York: 09:30–16:00. When closed: perpetual-futures reference. Hyperliquid xyz perpetual-futures reference.
How to read the chart
Reference chart of Hyperliquid perpetual-futures candles for Strategy, not the official cash-market chart.
Reference value and method
How the numbers and formulas on this page work: Symbol page guide.
Strategy is shown as a Hyperliquid perpetual-futures reference, and 24h compares against the previous-day reference for the same contract, not a cash price, official index, exchange close, or cash previous close.
Observed value at 2026-09-27 22:04 UTC
- Asset class
- Listed-company stock reference
- Source
- Hyperliquid / xyz:MSTR
- Price unit
- USDC reference
- Reference value
- USDC 161.30
- 24h
- +1.06%
- Method
- Use the mid price; use the mark price only when no mid price can be obtained
- Referenced contracts
- xyz:MSTR
- Observed time
- Saved observation
Ratio = 161.295 / 159.61 − 1 = +1.06% (shown as a percentage, rounded to two decimal places).
Hyperliquid field names: mid price = midPx; mark price = markPx; previous-day reference = prevDayPx.
Fundamental figures are the values filed by the issuer in its annual report (10-K) and retrieved through the SEC EDGAR companyfacts API. No estimate or interpolation is used. Reference P/E is the only derived value that divides a Hyperliquid reference by SEC EDGAR EPS; its complete formula is printed beside the result on the symbol page.
This site does not provide investment advice.
Range position
2025-12-02 – 2026-10-08 · 311 daily candles (settled only). Daily candles are 24-hour perpetual-futures values, not official exchange closes.
- Low for this period
- USDC 79.951 (2026-06-29)
- High for this period
- USDC 198.32 (2025-12-09)
- Position
- 68.7%
- Reference used for position
- USDC 161.295
- Observed at
Highs and lows after the collection period are not included.
About this symbol
A single reportable segment covers analytics software for businesses. Outside it sits a heading called Corporate & Other. Costs relating to bitcoin are gathered there.
The former name was MicroStrategy Incorporated. The new name is Strategy Inc. Two of them are Coinbase Custody and Anchorage Digital Bank. Five series of preferred stock were issued in 2025. They are STRK, STRF, STRD, STRC, and STRE. Only STRE is listed on the Luxembourg Stock Exchange. The company employed 1,539 people as of 31 December 2025. Of those, 448 were in the United States and 1,091 outside it. All of the above is from the 10-K filed 19 February 2026.
Sourced explanations (10)
Explanations may include summaries and translations. Follow the source links for the original text.
Business and products
10-K filed:
-
A single reportable segment covers analytics software for businesses. Outside it sits a heading called Corporate & Other. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
Costs relating to bitcoin are gathered in Corporate & Other. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
The company changed its name on 11 August 2025. The former name was MicroStrategy Incorporated and the new name is Strategy Inc. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
The first purchase of bitcoin was announced in August 2020. In September 2020 the board adopted bitcoin as the principal treasury reserve asset. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
Holdings came to approximately 672,500 bitcoin as of 31 December 2025. A year earlier the figure was 447,470 bitcoin. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
Custody is split among three United States firms. Two of them are Coinbase Custody and Anchorage Digital Bank, and Fidelity Digital Assets is the third. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
Five series of preferred stock were issued in 2025: STRK, STRF, STRD, STRC, and STRE. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
Of the preferred stock, only STRE is listed on the Luxembourg Stock Exchange. The other four are listed on Nasdaq. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
-
The software products are called Strategy One and Strategy Mosaic. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
People and history
10-K filed:
-
The company employed 1,539 people as of 31 December 2025, with 448 in the United States and 1,091 outside it. From 2023 through 2025, no customer reached 10% of revenue. From the 10-K filed 19 February 2026.
Source: SEC EDGAR
Fundamentals SEC EDGAR retrieved 2026-08-21
Source = SEC EDGAR companyfacts API, CIK 0001050446 (STRATEGY INC). Extraction = us-gaap tags; form 10-K; fp FY; duration 340–400 days, excluding quarters. When more than one 10-K reports the same fiscal period end, the value from the last-filed 10-K is used. Years that could not be retrieved are not drawn.
STRATEGY INC filings on SEC EDGAR (CIK 0001050446)
Annual revenue and net income
Axis = USD (billions) = 1,000,000,000 USD. Available annual periods = 17 (FY2009–FY2025). Revenue tag priority = RevenueFromContractWithCustomerExcludingAssessedTax → Revenues; the next tag is used only for a year missing from the prior tag. Net-income tag priority = NetIncomeLoss, under the same per-year fallback rule.
FY2020 Net income −7,524,000 USD, FY2021 Net income −535,480,000 USD, FY2022 Net income −1,469,797,000 USD, FY2024 Net income −1,166,661,000 USD, FY2025 Net income −3,848,152,000 USD are negative, so no bars are drawn. The exact values remain in the tables.
Latest 6 annual periods (unit USD)
| Fiscal year | Revenue | Net income | Net income / revenue |
|---|---|---|---|
| FY20202020-12-31 | 480,735,000 | −7,524,000 | −1.57% |
| FY20212021-12-31 | 510,762,000 | −535,480,000 | −104.84% |
| FY20222022-12-31 | 499,264,000 | −1,469,797,000 | −294.39% |
| FY20232023-12-31 | 496,261,000 | 429,121,000 | 86.47% |
| FY20242024-12-31 | 463,456,000 | −1,166,661,000 | −251.73% |
| FY20252025-12-31 | 477,233,000 | −3,848,152,000 | −806.35% |
Net income / revenue uses only the two numbers in the same row and is rounded to two decimal places.
Open all 17 available years
| Fiscal year | Revenue | Net income | Net income / revenue |
|---|---|---|---|
| FY20092009-12-31 | 377,788,000 | 74,837,000 | 19.81% |
| FY20102010-12-31 | 454,577,000 | 43,792,000 | 9.63% |
| FY20112011-12-31 | 537,168,000 | 17,940,000 | 3.34% |
| FY20122012-12-31 | 565,724,000 | 20,546,000 | 3.63% |
| FY20132013-12-31 | 575,888,000 | 83,332,000 | 14.47% |
| FY20142014-12-31 | 579,830,000 | 5,035,000 | 0.87% |
| FY20152015-12-31 | 529,869,000 | 105,931,000 | 19.99% |
| FY20162016-12-31 | 513,589,000 | 92,239,000 | 17.96% |
| FY20172017-12-31 | 503,843,000 | 18,195,000 | 3.61% |
| FY20182018-12-31 | 497,638,000 | 22,501,000 | 4.52% |
| FY20192019-12-31 | 486,327,000 | 34,355,000 | 7.06% |
| FY20202020-12-31 | 480,735,000 | −7,524,000 | −1.57% |
| FY20212021-12-31 | 510,762,000 | −535,480,000 | −104.84% |
| FY20222022-12-31 | 499,264,000 | −1,469,797,000 | −294.39% |
| FY20232023-12-31 | 496,261,000 | 429,121,000 | 86.47% |
| FY20242024-12-31 | 463,456,000 | −1,166,661,000 | −251.73% |
| FY20252025-12-31 | 477,233,000 | −3,848,152,000 | −806.35% |
Annual diluted EPS (source currency per share)
Tag = EarningsPerShareDiluted. Per-share history can be restated after a stock split. From the latest 10-K, this table connects only filings whose values match exactly for every overlapping fiscal year. Displayed years = FY2022, FY2023, FY2024, FY2025 (4 years); latest filing date = 2026-02-19.
| Fiscal year | Diluted EPS | 10-K filing date |
|---|---|---|
| FY20222022-12-31 | −12.98 | 2025-02-18 |
| FY20232023-12-31 | 2.64 | 2026-02-19 |
| FY20242024-12-31 | −6.06 | 2026-02-19 |
| FY20252025-12-31 | −15.23 | 2026-02-19 |
Years whose share basis could not be matched are not placed in this table. No split ratio or backward adjustment is calculated here.
Reference P/E
Reference P/E = 161.30 (reference at 2026-09-27 22:04 UTC) ÷ −15.23 (FY2025 diluted EPS · SEC EDGAR retrieved 2026-08-21) = -10.59 (rounded to two decimal places)
The numerator is the xyz:MSTR perpetual-futures reference, not an official cash-market price. The denominator is diluted EPS reported in the issuer's annual filing. The two bases differ, so this derived value is not directly comparable with a published P/E ratio.
Market observations Retrieved: 2026-09-27 22:04 UTC
24h volume Retrieved: 2026-09-27 22:04 UTC
- Notional (USDC)
- 3,517,765.44
- Contracts
- 21,814.579
- Nominal / quantity
- 161.257544Notional ÷ contracts, using the values before rounding; rounded to six decimal places
Open interest (OI) Retrieved: 2026-09-27 22:04 UTC
- Open interest (contracts)
- 353,240.652
- Mark price
- 161.34
- Notional (contracts × mark price)
- 56,991,846.79Contracts × mark price, using the values before rounding; USDC, rounded to two decimal places
Funding rate Retrieved: 2026-09-27 22:04 UTC
Funding: Hourly -0.0001253845 = -0.01253845% (shown as a percentage); ×24 (daily conversion) = -0.3009228%; ×24×365 (365-day conversion) = -109.836822% (simple multiplications, not accrued amounts). The marker in the diagram shows the sign only (this value is negative).
- Hourly
- -0.0001253845As a percentage: -0.01253845%
- ×24 (daily conversion)
- -0.3009228%
- ×24×365 (365-day conversion)
- -109.836822%
Hyperliquid field names and values before rounding: notional = dayNtlVlm 3517765.435200003 USDC; contracts = dayBaseVlm 21814.579; open interest = openInterest 353240.652 contracts; mark price = 161.34; hourly funding rate = funding -0.0001253845.
Daily observation log (67 saved daily records) Latest: 2026-10-17 22:04:59.595 UTC
Latest: 2026-10-17 22:04:59.595 UTC · Records with missing fields: 0/67 · Missing dates: 4
Show 67 saved daily records
Hyperliquid field names: Mid price = midPx; Previous-day reference = prevDayPx; Open interest = openInterest; 24h notional volume (USDC) = dayNtlVlm. vs previous-day reference = midPx / prevDayPx - 1.
Scroll horizontally to see all columns.
| Observed at (UTC) | Mid price | Previous-day reference | vs previous-day reference | Open interest | 24h notional volume (USDC) |
|---|---|---|---|---|---|
| 101.74 | 100.07 | +1.67% | 218183.63 | 1524499.5867800005 | |
| 102.885 | 101.74 | +1.13% | 231651.89 | 2198385.2587099997 | |
| 97.281 | 103.13 | -5.67% | 240261.062 | 13792826.9370739982 | |
| 96.535 | 97.454 | -0.94% | 240732.862 | 8004812.1141240001 | |
| 95.056 | 96.543 | -1.54% | 246968.42 | 8703138.2905359995 | |
| 97.258 | 95.111 | +2.26% | 237371.364 | 8086024.8664970016 | |
| 93.07 | 97.41 | -4.46% | 251487.376 | 13586197.8202209976 | |
| 94.315 | 93.067 | +1.34% | 253229.2 | 2000530.8532780011 | |
| 97.703 | 93.81 | +4.15% | 243141.552 | 15118326.814207999 | |
| 92.905 | 97.66 | -4.87% | 208984.394 | 17900042.3024439998 | |
| 108.305 | 92.924 | +16.55% | 182799.0 | 36417892.3935949951 | |
| 112.165 | 107.9 | +3.95% | 179406.57 | 30974185.0414700098 | |
| 122.245 | 112.37 | +8.79% | 239367.532 | 38669518.3277499899 | |
| 119.415 | 122.48 | -2.50% | 239636.14 | 8435074.7847900018 | |
| 120.33 | 119.57 | +0.64% | 232597.982 | 10119942.1929599978 | |
| 123.045 | 120.74 | +1.91% | 244938.234 | 29824871.7881900072 | |
| 125.505 | 122.92 | +2.10% | 236616.442 | 24840897.5780899972 | |
| 124.515 | 126.24 | -1.37% | 272017.456 | 13758044.3066299967 | |
| 138.96 | 124.55 | +11.57% | 249717.962 | 21927737.9268599972 | |
| 127.02 | 139.07 | -8.66% | 360596.936 | 30409386.1962200142 | |
| 128.815 | 127.09 | +1.36% | 367771.068 | 3363966.0602699993 | |
| 130.545 | 128.78 | +1.37% | 361717.66 | 4693006.6097400002 | |
| 133.095 | 130.25 | +2.18% | 296863.216 | 26251672.8990400024 | |
| 124.445 | 133.0 | -6.43% | 300882.332 | 14901598.2479300015 | |
| 123.385 | 124.37 | -0.79% | 312985.728 | 11478689.5440900009 | |
| 143.745 | 123.51 | +16.38% | 317485.264 | 40467931.4193099961 | |
| 142.535 | 143.16 | -0.44% | 308274.822 | 15923598.3460400011 | |
| 144.03 | 142.55 | +1.04% | 306040.006 | 2656748.0690599997 | |
| 144.14 | 144.24 | -0.07% | 305222.7860000001 | 2924024.0979699986 | |
| 133.005 | 136.88 | -2.83% | 304992.15 | 13640787.9931799974 | |
| 128.795 | 132.98 | -3.15% | 323297.088 | 13894273.8647900019 | |
| 130.775 | 128.91 | +1.45% | 295491.1239999994 | 16997031.5552100427 | |
| 130.225 | 130.81 | -0.45% | 293178.8019999999 | 1163428.2610800001 | |
| 136.31 | 129.87 | +4.96% | 290491.268 | 10986307.4146000016 | |
| 128.06 | 136.38 | -6.10% | 300642.292 | 10263806.2862599995 | |
| 126.235 | 127.95 | -1.34% | 358794.3519999999 | 19406459.5563000068 | |
| 131.695 | 126.85 | +3.82% | 340414.6820000003 | 9311440.298170004 | |
| 153.63 | 131.77 | +16.59% | 327721.342 | 17627643.5563899949 | |
| 156.955 | 153.65 | +2.15% | 342302.9459999999 | 11835052.9686200041 | |
| 155.155 | 157.22 | -1.31% | 338318.5719999999 | 10252420.1002199985 | |
| 169.4 | 154.9 | +9.36% | 336133.6359999999 | 38435973.2609399632 | |
| 167.91 | 168.99 | -0.64% | 326611.1519999999 | 20858535.0164100081 | |
| 162.175 | 167.06 | -2.92% | 321772.02 | 17358804.9267399982 | |
| 161.365 | 162.24 | -0.54% | 331683.5859999999 | 13832433.5396499969 | |
| 158.925 | 161.32 | -1.48% | 355262.85 | 11142419.9319799989 | |
| 159.615 | 158.77 | +0.53% | 351474.664 | 2581754.1867399993 | |
| 161.295 | 159.61 | +1.06% | 353240.652 | 3517765.435200003 | |
| 156.47 | 161.56 | -3.15% | 326833.2719999999 | 15156006.780120004 | |
| 155.445 | 156.73 | -0.82% | 318556.8320000001 | 22283563.6345800012 | |
| 153.255 | 155.36 | -1.35% | 338740.928 | 20895809.4340000004 | |
| 160.255 | 153.25 | +4.57% | 334193.996 | 15200362.3270599917 | |
| 160.195 | 159.96 | +0.15% | 298270.416 | 28565488.9849399887 | |
| 163.095 | 160.18 | +1.82% | 298871.4760000001 | 2740862.2793800025 | |
| 164.285 | 163.04 | +0.76% | 286121.2800000001 | 6468316.7150799967 | |
| 165.065 | 163.62 | +0.88% | 283659.246 | 21134816.0840600021 | |
| 164.985 | 165.0 | -0.01% | 288476.4960000002 | 8579524.4666200038 | |
| 154.02 | 164.94 | -6.62% | 298528.5200000002 | 14193633.5730699953 | |
| 151.765 | 154.02 | -1.46% | 298057.6599999998 | 17604261.3150299825 | |
| 154.515 | 151.78 | +1.80% | 291515.1419999999 | 11901669.5976900011 | |
| 155.715 | 154.82 | +0.58% | 291607.514 | 1703807.57788 | |
| 156.695 | 155.67 | +0.66% | 301269.152 | 3239623.64426 | |
| 152.525 | 156.55 | -2.57% | 301597.6419999998 | 8950173.9862299971 | |
| 152.675 | 152.24 | +0.29% | 313575.5820000002 | 14387037.7887700051 | |
| 143.44 | 152.73 | -6.08% | 293194.492 | 17042852.6784799956 | |
| 149.315 | 143.49 | +4.06% | 279987.9220000002 | 44568087.7273399532 | |
| 136.755 | 148.73 | -8.05% | 319836.1200000001 | 27901435.0472500026 | |
| 134.97 | 136.64 | -1.22% | 340316.5440000002 | 5083315.2811999926 |
Dates without a saved record in the displayed period: 2026-08-16, 2026-09-07, 2026-09-08, 2026-09-13.
Period range (67 records with a mid price)
Period range over 67 daily log rows: first mid price 101.74; last mid price 134.97; highest mid price in the period 169.4; lowest mid price in the period 92.905.
- First mid price2026-08-08 22:05:00.098 UTC
- 101.74
- Last mid price2026-10-17 22:04:59.595 UTC
- 134.97
- Highest mid price in the period2026-09-21 22:04:45.887 UTC
- 169.4
- Lowest mid price in the period2026-08-18 22:05:05.181 UTC
- 92.905
Market hours
| Trading hours | New York time 09:30-16:00 |
|---|---|
| Days | Weekdays. Check the related venue calendar for holidays. |
Other symbols in this group
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Frequently asked questions
What are Strategy's annual revenue and net income?
The latest available annual filing (10-K) reports FY2025 ending 2025-12-31: revenue 477,233,000 USD and net income −3,848,152,000 USD. The figures were retrieved from SEC EDGAR on 2026-08-21. A missing figure is omitted rather than estimated.
How is the reference P/E for Strategy calculated?
The live xyz:MSTR perpetual-futures reference is divided by FY2025 diluted EPS of USD −15.23 per share, then rounded to two decimal places. The exact numerator, denominator, retrieval time, and result are printed in the Reference P/E formula. The reference is not an official cash-market price, so its basis differs from a published P/E ratio.
Are the Strategy chart and the figures below the same data?
No. The chart and Market observations use the live Hyperliquid perpetual-futures response. Fundamentals use annual figures filed with the SEC and retrieved on 2026-08-21. Only the Reference P/E combines the two, and its formula is printed beside the value.