Latest period
334M
YoY change
+52.7%
5Y CAGR
+24.9%
Peak year (FY2025)
294M
Latest annual
294M
Shares Outstanding history chart for Strategy (MSTR) from 2016 to 2025
Latest: 294M
Shares Outstanding growth chart for Strategy (MSTR) from 2016 to 2025
Latest: +52.7%
Shares Outstanding history table for Strategy (MSTR) from 1997 to 2025
| FY2025 | 294M | +52.7% | +101M | ||
| FY2024 | 193M | +16.2% | +26.9M | ||
| FY2023 | 166M | +46.3% | +52.5M | ||
| FY2022 | 113M | +13.0% | +13M | ||
| FY2021 | 100M | +3.5% | +3.36M | ||
| FY2020 | 96.8M | -6.2% | -6.44M | ||
| FY2019 | 103M | -9.5% | -10.8M | ||
| FY2018 | 114M | -1.2% | -1.35M | ||
| FY2017 | 115M | +0.3% | +310K | ||
| FY2016 | 115M | -0.2% | -230K | ||
| FY2015 | 115M | +1.6% | +1.83M | ||
| FY2014 | 114M | +0.5% | +550K | ||
| FY2013 | 113M | +1.1% | +1.27M | ||
| FY2012 | 112M | +1.0% | +1.08M | ||
| FY2011 | 111M | -6.1% | -7.13M | ||
| FY2010 | 118M | -4.1% | -5.05M | ||
| FY2009 | 123M | -0.2% | -190K | ||
| FY2008 | 123M | -4.3% | -5.5M | ||
| FY2007 | 129M | -5.7% | -7.8M | ||
| FY2006 | 136M | -11.7% | -18M | ||
| FY2005 | 154M | -9.8% | -16.8M | ||
| FY2004 | 171M | +15.6% | +23.2M | ||
| FY2003 | 148M | +23.5% | +28.2M | ||
| FY2002 | 120M | +38.4% | +33.3M | ||
| FY2001 | 86.6M | +8.5% | +6.81M | ||
| FY2000 | 79.8M | -48.2% | -74.3M | ||
| FY1999 | 154M | +15.0% | +20.1M | ||
| FY1998 | 134M | +13.6% | +16M | ||
| FY1997 | 118M | — | — |
- FY2025294M+52.7%
- FY2024193M+16.2%
- FY2023166M+46.3%
- FY2022113M+13.0%
- FY2021100M+3.5%
- FY202096.8M-6.2%
- FY2019103M-9.5%
- FY2018114M-1.2%
- FY2017115M+0.3%
- FY2016115M-0.2%
- FY2015115M+1.6%
- FY2014114M+0.5%
- FY2013113M+1.1%
- FY2012112M+1.0%
- FY2011111M-6.1%
- FY2010118M-4.1%
- FY2009123M-0.2%
- FY2008123M-4.3%
- FY2007129M-5.7%
- FY2006136M-11.7%
- FY2005154M-9.8%
- FY2004171M+15.6%
- FY2003148M+23.5%
- FY2002120M+38.4%
- FY200186.6M+8.5%
- FY200079.8M-48.2%
- FY1999154M+15.0%
- FY1998134M+13.6%
- FY1997118M—
Shares Outstanding values are taken from Strategy's reported income 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 Shares Outstanding at Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's latest reported diluted shares outstanding is 334M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual diluted shares outstanding for Strategy (MSTR) came in at 294M – surged 52.7% year-over-year.
Strategy diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is +24.9%, sustaining 5 straight years of year-over-year growth.
The highest annual diluted shares outstanding of 294M was reported in 2025. The lowest in the available history was 79.8M in 2000.
Strategy Shares Outstanding by Year
Strategy Shares Outstanding 2025: 294M
In 2025, Strategy reported diluted shares outstanding of 294M, surged 52.7% from 2024. This figure represents the highest annual value in the available history.
Strategy Shares Outstanding 2024: 193M
Strategy diluted shares outstanding in 2024 was 193M, grew 16.2% from 2023.
Strategy Shares Outstanding 2023: 166M
2023's diluted shares outstanding for Strategy came in at 166M, surged 46.3% from 2022.
Strategy Shares Outstanding 2022: 113M
Strategy posted diluted shares outstanding of 113M in 2022, grew 13.0% from 2021.
Strategy Shares Outstanding 2021: 100M
Strategy diluted shares outstanding in 2021 was 100M.
See more financial history for Strategy (MSTR).
Sector peers by Shares Outstanding
Technology peers of Strategy (MSTR), ranked by their latest diluted shares outstanding
| 24.5B | |
| 15B | |
| 7.45B | |
| 7.06B | |
| 5.19B | |
| 4.85B | |
| 1.64B | |
| 1.13B |
- 24.5B
- 15B
- 7.45B
- 7.06B
- 5.19B
- 4.85B
- 1.64B
Frequently asked questions
Strategy (MSTR) Key Financials
Charts, filings, and peer comparison for every metric
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Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.