Latest period
$21.26B
YoY change
-99.8%
5Y CAGR
-49.5%
Peak year (2024)
$22.09B
Cumulative CapEx
$28.40B
CapEx history chart for Strategy (MSTR) from 1997 to 2025
Latest: $37.00M
CapEx growth chart for Strategy (MSTR) from 1997 to 2025
Latest: -99.8%
CapEx history table for Strategy (MSTR) from 1997 to 2025
| 2025 | $37.00M | -99.8% | −$22.05B | ||
| 2024 | $22.09B | +1059.2% | +$20.18B | ||
| 2023 | $1.91B | +556.1% | +$1.61B | ||
| 2022 | $290.41M | -89.0% | −$2.34B | ||
| 2021 | $2.63B | +133.0% | +$1.50B | ||
| 2020 | $1.13B | +10984.8% | +$1.12B | ||
| 2019 | $10.18M | +48.7% | +$3.34M | ||
| 2018 | $6.85M | +71.9% | +$2.86M | ||
| 2017 | $3.98M | +70.4% | +$1.65M | ||
| 2016 | $2.34M | -82.1% | −$10.74M | ||
| 2015 | $13.08M | -37.1% | −$7.71M | ||
| 2014 | $20.80M | +26.2% | +$4.32M | ||
| 2013 | $16.48M | -56.4% | −$21.29M | ||
| 2012 | $37.77M | -11.3% | −$4.83M | ||
| 2011 | $42.60M | +130.6% | +$24.12M | ||
| 2010 | $18.47M | -17.8% | −$4.01M | ||
| 2009 | $22.48M | -48.6% | −$21.26M | ||
| 2008 | $43.74M | +614.0% | +$37.62M | ||
| 2007 | $6.13M | +27.5% | +$1.32M | ||
| 2006 | $4.81M | +152.0% | +$2.90M | ||
| 2005 | $1.91M | -66.2% | −$3.74M | ||
| 2004 | $5.65M | +35.2% | +$1.47M | ||
| 2003 | $4.18M | -3.4% | −$147.00K | ||
| 2002 | $4.33M | +129.6% | +$2.44M | ||
| 2001 | $1.88M | -93.4% | −$26.83M | ||
| 2000 | $28.71M | +96.5% | +$14.10M | ||
| 1999 | $14.61M | +57.2% | +$5.32M | ||
| 1998 | $9.29M | +56.1% | +$3.34M | ||
| 1997 | $5.95M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's current CapEx (TTM) is $21.26B. 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 .
2025's annual CapEx for Strategy (MSTR) came in at $37.00M – plunged 99.8% year-over-year.
Across 2020–2025 (5 years), Strategy CapEx produced a CAGR of -49.5% – with a net decline across the window.
Strategy CapEx plunged from $22.09B in 2024 to $37.00M in 2025, a 99.8% drawdown.
2024 marks the peak CapEx at $22.09B, with the historical low of $1.88M recorded in 2001.
Strategy Capital Expenditures by Year
Strategy Capital Expenditures 2025: $37.00M
2025's CapEx for Strategy came in at $37.00M, plunged 99.8% below 2024.
Strategy Capital Expenditures 2024: $22.09B
Strategy posted CapEx of $22.09B in 2024, surged 1059.2% from 2023. This figure represents the highest annual value in the available history.
Strategy Capital Expenditures 2023: $1.91B
In 2023, Strategy reported CapEx of $1.91B, surged 556.1% from 2022.
Strategy Capital Expenditures 2022: $290.41M
Strategy CapEx in 2022 was $290.41M, plunged 89.0% below 2021.
Strategy Capital Expenditures 2021: $2.63B
Strategy CapEx in 2021 was $2.63B.
See more financial history for Strategy (MSTR).
Sector peers by CapEx
Technology peers of Strategy (MSTR), ranked by their latest CapEx
| $64.55B | |
| $41.45B | |
| $15.86B | |
| $12.71B | |
| $6.04B | |
| $1.76B | |
| $974.00M | |
| $623.00M |
- $64.55B
- $41.45B
- $15.86B
- $12.71B
- $6.04B
- $1.76B
- $974.00M
- $623.00M
Frequently asked questions
Strategy (MSTR) Key Financials
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