Capital Expenditures for Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's current capital expenditures (TTM) is $28.93B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSTR
Currently viewingCapital ExpendituresSwitch metric
Latest period
$28.93B
YoY change
-99.8%
5Y CAGR
-49.5%
Peak year (2024)
$22.09B
Cumulative capital expenditures
$28.40B
CapEx history chart for Strategy (MSTR) from 1997 to 2025
CapEx history table for Strategy (MSTR) from 1997 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $37.00M | -99.8% | ||
| 2024 | $22.09B | +1059.2% | ||
| 2023 | $1.91B | +556.1% | ||
| 2022 | $290.41M | -89.0% | ||
| 2021 | $2.63B | +133.0% | ||
| 2020 | $1.13B | +10984.8% | ||
| 2019 | $10.18M | +48.7% | ||
| 2018 | $6.85M | +71.9% | ||
| 2017 | $3.98M | +70.4% | ||
| 2016 | $2.34M | -82.1% | ||
| 2015 | $13.08M | -37.1% | ||
| 2014 | $20.80M | +26.2% | ||
| 2013 | $16.48M | -56.4% | ||
| 2012 | $37.77M | -11.3% | ||
| 2011 | $42.60M | +130.6% | ||
| 2010 | $18.47M | -17.8% | ||
| 2009 | $22.48M | -48.6% | ||
| 2008 | $43.74M | +614.0% | ||
| 2007 | $6.13M | +27.5% | ||
| 2006 | $4.81M | +152.0% | ||
| 2005 | $1.91M | -66.2% | ||
| 2004 | $5.65M | +35.2% | ||
| 2003 | $4.18M | -3.4% | ||
| 2002 | $4.33M | +129.6% | ||
| 2001 | $1.88M | -93.4% | ||
| 2000 | $28.71M | +96.5% | ||
| 1999 | $14.61M | +57.2% | ||
| 1998 | $9.29M | +56.1% | ||
| 1997 | $5.95M | — |
CapEx values are taken from Strategy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Strategy (MSTR) came in at $37.00M – plunged 99.8% year-over-year.
Across 2020–2025 (5 years), Strategy capital expenditures produced a CAGR of -49.5% – with a net decline across the window.
Strategy capital expenditures plunged from $22.09B in 2024 to $37.00M in 2025, a 99.8% drawdown.
2024 marks the peak capital expenditures at $22.09B, with the historical low of $1.88M recorded in 2001.
Within Technology, Strategy (MSTR) ranks 9th among 8 peers we track. The peer median for capital expenditures is $9.38B.
Strategy Capital Expenditures by Year
Strategy Capital Expenditures 2025: $37.00M
Strategy capital expenditures in 2025 was $37.00M, plunged 99.8% below 2024.
Strategy Capital Expenditures 2024: $22.09B
Strategy capital expenditures in 2024 was $22.09B, surged 1059.2% from 2023. This figure represents the highest annual value in the available history.
Strategy Capital Expenditures 2023: $1.91B
Strategy capital expenditures in 2023 was $1.91B, surged 556.1% from 2022.
Strategy Capital Expenditures 2022: $290.41M
Strategy capital expenditures in 2022 was $290.41M, plunged 89.0% below 2021.
Strategy Capital Expenditures 2021: $2.63B
Strategy capital expenditures in 2021 was $2.63B.
See more financial history for Strategy (MSTR).
Sector peers — CapEx
Companies in the same sector as Strategy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Strategy's capital expenditures?
- Latest reported capital expenditures for Strategy (MSTR) is $28.93B (period ending December 31, 2025).
How has Strategy capital expenditures changed year-over-year?
- Strategy (MSTR) capital expenditures changed -99.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Strategy capital expenditures?
- Strategy (MSTR) capital expenditures compound annual growth rate is -49.5% over the most recent 5 years available.
When did Strategy capital expenditures hit its highest annual value?
- Strategy capital expenditures reached its highest annual value of $22.09B in 2024.
What was Strategy capital expenditures in 2024?
- Strategy (MSTR) capital expenditures in 2024 was $22.09B.
What was Strategy capital expenditures in 2025?
- Strategy (MSTR) capital expenditures in 2025 was $37.00M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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