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Subsequent Events (Tables) | 6 Months Ended
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Jun. 30, 2025
Subsequent Event [Line Items] |
Computation of Basic and Diluted (Loss) Earnings per Share | The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except per share data) for the periods indicated:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 10,020,846 |  |  | $ | (102,559 | ) |  | $ | 5,803,476 |  |  | $ | (155,677 | )
Dividends on preferred stock |  |  | (49,110 | ) |  |  | 0 |  |  |  | (58,347 | ) |  |  | 0 |
Net income (loss) attributable to common stockholders of Strategy - Basic |  | $ | 9,971,736 |  |  | $ | (102,559 | ) |  | $ | 5,745,129 |  |  | $ | (155,677 | )
Effect of dilutive shares on net income {loss}: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense on 2027 Convertible Notes, net of tax |  |  | 0 |  |  |  | 0 |  |  |  | 286 |  |  |  | 0 |
Interest expense on 2028 Convertible Notes, net of tax |  |  | 1,887 |  |  |  | 0 |  |  |  | 3,755 |  |  |  | 0 |
Interest expense on 2029 Convertible Notes, net of tax |  |  | 1,308 |  |  |  | 0 |  |  |  | 2,603 |  |  |  | 0 |
Interest expense on 2030A Convertible Notes, net of tax |  |  | 1,606 |  |  |  | 0 |  |  |  | 3,194 |  |  |  | 0 |
Interest expense on 2030B Convertible Notes, net of tax |  |  | 898 |  |  |  | 0 |  |  |  | 1,264 |  |  |  | 0 |
Interest expense on 2031 Convertible Notes, net of tax |  |  | 1,390 |  |  |  | 0 |  |  |  | 2,767 |  |  |  | 0 |
Interest expense on 2032 Convertible Notes, net of tax |  |  | 3,718 |  |  |  | 0 |  |  |  | 7,400 |  |  |  | 0 |
Dividends on STRK Stock |  |  | 16,756 |  |  |  | 0 |  |  |  | 23,550 |  |  |  | 0 |
Net income (loss) - Diluted |  | $ | 9,999,300 |  |  | $ | (102,559 | ) |  | $ | 5,789,949 |  |  | $ | (155,677 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares of class A common stock |  |  | 255,604 |  |  |  | 158,967 |  |  |  | 246,270 |  |  |  | 155,686 |
Weighted average common shares of class B common stock |  |  | 19,640 |  |  |  | 19,640 |  |  |  | 19,640 |  |  |  | 19,640 |
Total weighted average shares of common stock outstanding - Basic |  |  | 275,244 |  |  |  | 178,607 |  |  |  | 265,910 |  |  |  | 175,326 |
Effect of dilutive shares on weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 3,615 |  |  |  | 0 |  |  |  | 3,847 |  |  |  | 0 |
Restricted stock units |  |  | 5 |  |  |  | 0 |  |  |  | 495 |  |  |  | 0 |
Performance stock units |  |  | 494 |  |  |  | 0 |  |  |  | 511 |  |  |  | 0 |
Employee stock purchase plan |  |  | 3 |  |  |  | 0 |  |  |  | 2 |  |  |  | 0 |
Convertible preferred stock |  |  | 963 |  |  |  | 0 |  |  |  | 702 |  |  |  | 0 |
2027 Convertible Notes |  |  | 0 |  |  |  | 0 |  |  |  | 1,439 |  |  |  | 0 |
2028 Convertible Notes |  |  | 5,513 |  |  |  | 0 |  |  |  | 5,513 |  |  |  | 0 |
2029 Convertible Notes |  |  | 4,462 |  |  |  | 0 |  |  |  | 4,462 |  |  |  | 0 |
2030A Convertible Notes |  |  | 5,342 |  |  |  | 0 |  |  |  | 5,342 |  |  |  | 0 |
2030B Convertible Notes |  |  | 4,614 |  |  |  | 0 |  |  |  | 3,307 |  |  |  | 0 |
2031 Convertible Notes |  |  | 2,594 |  |  |  | 0 |  |  |  | 2,594 |  |  |  | 0 |
2032 Convertible Notes |  |  | 3,915 |  |  |  | 0 |  |  |  | 3,915 |  |  |  | 0 |
Total weighted average shares of common stock outstanding - Diluted |  |  | 306,764 |  |  |  | 178,607 |  |  |  | 298,039 |  |  |  | 175,326 |
Income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic income (loss) per share (1) |  | $ | 36.23 |  |  | $ | (0.57 | ) |  | $ | 21.61 |  |  | $ | (0.89 | )
Diluted income (loss) per share (1) |  | $ | 32.60 |  |  | $ | (0.57 | ) |  | $ | 19.43 |  |  | $ | (0.89 | )

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