Shares Outstanding for Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's latest reported diluted shares outstanding is 294.00M. 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 .
MSTR
Currently viewingShares OutstandingSwitch metric
Latest period
294.00M
YoY change
+52.7%
5Y CAGR
+24.9%
Peak year (2025)
294.00M
Latest annual
294.00M
Shares Outstanding history chart for Strategy (MSTR) from 1997 to 2025
Shares Outstanding history table for Strategy (MSTR) from 1997 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 294.00M | +52.7% | ||
| 2024 | 192.55M | +16.2% | ||
| 2023 | 165.66M | +46.3% | ||
| 2022 | 113.21M | +13.0% | ||
| 2021 | 100.20M | +3.5% | ||
| 2020 | 96.84M | -6.2% | ||
| 2019 | 103.28M | -9.5% | ||
| 2018 | 114.12M | -1.2% | ||
| 2017 | 115.47M | +0.3% | ||
| 2016 | 115.16M | -0.2% | ||
| 2015 | 115.39M | +1.6% | ||
| 2014 | 113.56M | +0.5% | ||
| 2013 | 113.01M | +1.1% | ||
| 2012 | 111.74M | +1.0% | ||
| 2011 | 110.66M | -6.1% | ||
| 2010 | 117.79M | -4.1% | ||
| 2009 | 122.84M | -0.2% | ||
| 2008 | 123.03M | -4.3% | ||
| 2007 | 128.53M | -5.7% | ||
| 2006 | 136.33M | -11.7% | ||
| 2005 | 154.36M | -9.8% | ||
| 2004 | 171.19M | +15.6% | ||
| 2003 | 148.04M | +23.5% | ||
| 2002 | 119.86M | +38.4% | ||
| 2001 | 86.59M | +8.5% | ||
| 2000 | 79.78M | -48.2% | ||
| 1999 | 154.06M | +15.0% | ||
| 1998 | 133.97M | +13.6% | ||
| 1997 | 117.98M | — |
Shares Outstanding values are taken from Strategy's reported income 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 diluted shares outstanding for Strategy (MSTR) came in at 294.00M – 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 294.00M was reported in 2025. The lowest in the available history was 79.78M in 2000.
Strategy (MSTR) sits 9th of 8 Technology peers we track on this metric, against a peer median of 5.02B.
Strategy Shares Outstanding by Year
Strategy Shares Outstanding 2025: 294.00M
Strategy diluted shares outstanding in 2025 was 294.00M, surged 52.7% from 2024. This figure represents the highest annual value in the available history.
Strategy Shares Outstanding 2024: 192.55M
Strategy diluted shares outstanding in 2024 was 192.55M, grew 16.2% from 2023.
Strategy Shares Outstanding 2023: 165.66M
Strategy diluted shares outstanding in 2023 was 165.66M, surged 46.3% from 2022.
Strategy Shares Outstanding 2022: 113.21M
Strategy diluted shares outstanding in 2022 was 113.21M, grew 13.0% from 2021.
Strategy Shares Outstanding 2021: 100.20M
Strategy diluted shares outstanding in 2021 was 100.20M.
See more financial history for Strategy (MSTR).
Sector peers — Shares Outstanding
Companies in the same sector as Strategy, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | 24.43B | Technology |
| Apple Inc. (AAPL) | 15.00B | Technology |
| Microsoft Corporation (MSFT) | 7.46B | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | 5.19B | Technology |
| Broadcom Inc. (AVGO) | 4.85B | Technology |
| Advanced Micro Devices, Inc. (AMD) | 1.64B | Technology |
| Micron Technology, Inc. (MU) | 1.13B | Technology |
| ASML Holding N.V. (ASML) | 388.90M | Technology |
Frequently asked questions
What is Strategy's diluted shares outstanding?
- Latest reported diluted shares outstanding for Strategy (MSTR) is 294.00M (period ending December 31, 2025).
How has Strategy diluted shares outstanding changed year-over-year?
- Strategy (MSTR) diluted shares outstanding changed +52.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Strategy diluted shares outstanding?
- Strategy (MSTR) diluted shares outstanding compound annual growth rate is +24.9% over the most recent 5 years available.
When did Strategy diluted shares outstanding hit its highest annual value?
- Strategy diluted shares outstanding reached its highest annual value of 294.00M in 2025.
What was Strategy diluted shares outstanding in 2024?
- Strategy (MSTR) diluted shares outstanding in 2024 was 192.55M.
What was Strategy diluted shares outstanding in 2025?
- Strategy (MSTR) diluted shares outstanding in 2025 was 294.00M.
Metrics overview
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