California State Teachers Retirement System Sells 6,740 Shares of Strategy Inc $MSTR

California State Teachers Retirement System decreased its holdings in Strategy Inc (NASDAQ:MSTR) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 401,629 shares of the software maker’s stock after selling 6,740 shares during the quarter. California State Teachers Retirement System’s holdings in Strategy were worth $50,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSTR. Binnacle Investments Inc grew its stake in shares of Strategy by 492.9% in the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of Strategy during the third quarter valued at approximately $44,000. Fideuram Asset Management Ireland dac bought a new position in Strategy during the fourth quarter valued at approximately $25,000. Dogwood Wealth Management LLC lifted its position in Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Strategy in the second quarter worth approximately $77,000. Institutional investors own 59.84% of the company’s stock.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Large Bitcoin position maintained: Strategy held 843,775 BTC as of July 26, representing a 25% increase from the start of 2026. The size of the treasury preserves MSTR’s high sensitivity to any Bitcoin recovery. Strategy Bitcoin holdings and stock performance
• Positive Sentiment: Liquidity reduces near-term financing concerns: Strategy built a $3.75 billion U.S. dollar reserve, enough to cover more than two years of preferred-stock dividends and interest obligations. It also repurchased $25 million of discounted STRC preferred shares, potentially helping restore investor confidence. Strategy Q2 liquidity and Bitcoin report
• Positive Sentiment: Bitcoin purchases could resume: After pausing acquisitions for more than a month and raising $3.75 billion in cash, management may have greater flexibility to restart accumulation. That possibility is supporting the core MSTR investment narrative. Strategy may resume Bitcoin purchases
• Neutral Sentiment: Management remains aligned with Bitcoin’s long-term outlook: Executive Chairman Michael Saylor argued that Bitcoin protocol changes should be rare and resisted proposals he believes could weaken network consensus. The comments reinforce Strategy’s long-term positioning but do not directly improve near-term earnings. Saylor comments on Bitcoin protocol changes
• Negative Sentiment: Q2 results were severely affected by Bitcoin’s decline: Strategy reported an $8.22 billion net loss, or $24.45 per share, versus a $10.02 billion profit a year earlier and an expected loss of $2.19 per share. Revenue rose 6.9% to $122.4 million but was slightly below estimates. Common-stock issuance also creates dilution, while the extended buying pause weakens the accumulation catalyst. Strategy Q2 earnings loss

Strategy Stock Performance

MSTR opened at $97.74 on Friday. The company’s 50 day moving average is $111.67 and its 200 day moving average is $135.32. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $34.25 billion, a price-to-earnings ratio of -2.43 and a beta of 3.54. Strategy Inc has a 12-month low of $81.81 and a 12-month high of $414.36.

Strategy (NASDAQ:MSTR) last announced its earnings results on Thursday, July 30th. The software maker reported ($24.45) EPS for the quarter, missing analysts’ consensus estimates of ($2.19) by ($22.26). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business had revenue of $122.37 million for the quarter, compared to analysts’ expectations of $122.90 million. During the same period in the prior year, the company posted $32.52 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that Strategy Inc will post 57.47 EPS for the current year.

Insider Buying and Selling at Strategy

In related news, CFO Andrew Kang sold 1,949 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $241,364.16. Following the transaction, the chief financial officer directly owned 71,044 shares of the company’s stock, valued at approximately $8,798,088.96. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jarrod M. Patten sold 1,950 shares of Strategy stock in a transaction on Monday, July 27th. The shares were sold at an average price of $98.48, for a total value of $192,036.00. Following the transaction, the director owned 28,406 shares in the company, valued at $2,797,422.88. This trade represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 11,166 shares of company stock worth $1,014,265 and sold 181,422 shares worth $23,144,128. Company insiders own 6.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Credit Suisse Group set a $250.00 target price on shares of Strategy in a research report on Tuesday, June 30th. TD Cowen lowered their price target on Strategy from $400.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Citigroup restated a “buy” rating and issued a $136.00 price target (down from $260.00) on shares of Strategy in a research note on Tuesday, June 30th. BTIG Research cut their price objective on Strategy from $350.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Monness Crespi & Hardt reiterated a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.31.

Strategy Profile

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.