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.
29 matches for “Convertible”; 5 quoted, at least 25 words apart.
…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…
…holdings provide $60 billion in surplus balance against the $8 billion in convertible debt and preferred equity obligations and our $126 billion of enterprise value…
…the investment community. We, on the other hand, are offering stepped-down elements, convertible bonds, convertible preferred stock, senior fixed stock, junior high yield, preferred stock…
…of the risk. And the way to do it is with the convertible preferred stock. If we look at the spec sheet here, what you…
…shows you is that the theoretical credit spread for all of the convertible bonds is investment grade, right? And the credit of the preferreds looks…
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…
…company in the U.S. And as part of our expanding and innovative capital markets plan this year, so far, we've launched 4 listed preferred equity…
…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…
…done a pro forma. What happens if we actually equitize all the convertible bonds? So we convert all the convertible bonds to equity, and now…
…to each of these fixed income investors. But the excess yield, excess volatility, excess performance that does not go in those fixed income instruments goes…
…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…
…some key highlights from Q2 and year-to-date. Through July 29, our Bitcoin holdings were 628,791, which now accounts for 3% of all Bitcoin ever to…
…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