Strategy (MSTR): FY25 Q2 earnings call, Aug 2, 2025
On its Aug 2, 2025 earnings call (FY25 Q2), Strategy said 11 of the 21 words Kalshi listed; Parrot’s count agreed with all 21 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
21 words · 11 settled yes · our count agreed on 21 of 21- Kalshi: company speakers + operator
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Bitcoin | Yes | 273 | 284 | ✓ | 96%transcripts from the transcript model | – |
| Capital | Yes | 62 | 64 | ✓ | 96%transcripts from the transcript model | – |
| Yield | Yes | 62 | 62 | ✓ | 93%transcripts from the transcript model | – |
| Leverage | Yes | 53 | 53 | ✓ | 96%transcripts from the transcript model | – |
| Treasury | Yes | 42 | 45 | ✓ | 96%transcripts from the transcript model | – |
| Convertible | Yes | 29 | 29 | ✓ | 96%transcripts from the transcript model | – |
| Volatility | Yes | 29 | 29 | ✓ | 94%transcripts from the transcript model | – |
| Strike | Yes | 17 | 17 | ✓ | 90%transcripts from the transcript model | – |
| Holdings | Yes | 9 | 10 | ✓ | 94%transcripts from the transcript model | – |
| Artificial Intelligence / AI | Yes | 6 | 6 | ✓ | 86%n=1+tx from settlement history blended with transcripts | – |
| Capital Gain | Yes | 1 | 1 | ✓ | 55%transcripts from the transcript model | – |
| Cloud | No | 0 | 0 | ✓ | 95%transcripts from the transcript model | – |
| Repayment | No | 0 | 0 | ✓ | 55%transcripts from the transcript model | – |
| Fiat | No | 0 | 0 | ✓ | 40%transcripts from the transcript model | – |
| Dashboard | No | 0 | 0 | ✓ | 32%transcripts from the transcript model | – |
| Digital Gold | No | 0 | 0 | ✓ | 23%transcripts from the transcript model | – |
| Layer | No | 0 | 0 | ✓ | 23%transcripts from the transcript model | – |
| Mobile | No | 0 | 0 | ✓ | 21%transcripts from the transcript model | – |
| Semantic | No | 0 | 0 | ✓ | 21%transcripts from the transcript model | – |
| Connector | No | 0 | 0 | ✓ | 15%transcripts from the transcript model | – |
| Workstation | No | 0 | 0 | ✓ | 15%transcripts from the transcript model | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
82 matches for “Billion”; 5 quoted, at least 25 words apart.
…the Bitcoin Treasury Company space. Our market cap has eclipsed over $112 billion, making Strategy the 96th largest public company in the U.S. And as…
…U.S. so far this year. And finally, we raised an impressive $18.3 billion in capital year-to-date, which already accounts for 81% of the total capital…
…rule at the beginning of this year. We achieved a record $14 billion in GAAP operating income and $10 billion in net income, reflecting a…
…500 companies this quarter. Our results for the first half reflect $8.1 billion in GAAP operating income, $5.7 billion in net income and an EPS…
…In terms of BTC $ Gain, our treasury operations have generated $13.2 billion so far this year, closing in on our initial $15 billion full…
Where the listed words were said
…interactive Q&A session with our 4 Wall Street equity analysts and 4 Bitcoin analysts. Before we proceed, I will read the safe harbor statement. Some…
…our Bitcoin holdings to over $74 billion, having added $3.7 billion through capital markets proceeds and also through the change in Bitcoin price since the…
…with respect to 2025 operating income, net income, earnings per share, BTC Yield and BTC $ Gain and the hypothetical valuation models contained in this…
…asset. And we're able to actually refine it into low volatility, low leverage, less risky financial products and then higher volatility, higher leverage financial products.…
…remaining for further execution. In short, our BPS performance shows how Bitcoin treasury model is consistently accumulating more Bitcoin per share, the highest of any…
…Q3. Here, we show $8.2 billion in total notional debt across our convertible instruments with a market value of over $12.3 billion. All but 2…
…modifying the duration of the asset. And we're also stepping down the volatility of the asset, and we're actually extracting the yield from the asset,…
…offer return. So let's delve into them a little bit closer. First, Strike, S-T-R-K. Strike is structured Bitcoin. So some people, they don't want high…
…a per share basis by calculating the ratio between the company's Bitcoin holdings and its assumed diluted shares outstanding. We are presenting bitcoin per share…
…looking for the next great thing. And everybody, the consensus trade is AI. Everybody knows AI is the next thing. But now they're starting to…
…guidance that digital assets should not be included when calculating CAMT unrealized capital gains taxes or when calculating CAMT minimum taxes. And so we have…
Agents: this page as TSV at /api/v1/appearances/strategy:2025-08-02:earnings_call · words: /api/v1/brief?appearance=strategy:2025-08-02:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP