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1、Copyright 2025 Strategy.All Rights Reserved.October 30,2025Q3 2025 Financial Results2Strategy Q3 2025 Earnings CallSafe Harbor StatementSome of the information we provide in this presentation regarding our future expectations,plans,guidance,and prospects may constitute forward-looking statements,inc

2、luding,without limitation,our guidance with respect to earnings and our KPIs contained in this presentation.Actual results may differ materially from these forward-looking statements due to various important factors,including fluctuations in the price of Bitcoin and the risk factors discussed in our

3、 most recent Quarterly Report on Form 10-Q filed with the SEC on August 5,2025,and our Current Report on Form 8-K filed with the SEC on October 6,2025.We assume no obligation to update these forward-looking statements,which speak only as of today.FORWARD-LOOKING STATEMENTSCopyright 2025 Strategy.All

4、 Rights Reserved.Andrew KangExecutive Vice President&Chief Financial OfficerFinancial Performance4Strategy Highlights640,808Bitcoin Holdings3.1%of all BTC ever to be in existenceSTRF/STRK/STRD/STRCFour Listed PreferredsLargest USA IPO of 2025:STRC$83 BillionMarket Cap131st largest publicly listed co

5、mpany in USA$19.8 BillionYTD 2025 Capital Raised88%of 2024s totalNote:As of 8-K filed on October 27,2025Copyright 2025 Strategy.All Rights Reserved.EPS(“Earnings Per Share”)Results6Q3 2025:$3.9B Op.Income,$2.8B Net Income,$8.42 EPSQ3 2024Q1 2025Q2 2025Q3 2025(Prev.Year)(Prev.Quarter)Operating Income

6、($0.4B)($5.9B)$14.0B$3.9BNet Income(1)($0.3B)($4.2B)$10.0B$2.8BEPS(2)($1.72)/sh($16.49)/sh$32.60/sh$8.42/sh(1)Net Income attributable to common stockholders.(2)Diluted earnings per common share.Adopted FASB fair value accounting on January 1,2025.Carrying value of bitcoin is now equal to the market