# Strategy Inc (MSTR) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Strategy Inc's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/MSTR/mda/fy2025/): filed 2026-02-19; accession 0001050446-26-000020 (https://www.sec.gov/Archives/edgar/data/1050446/000105044626000020/mstr-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/MSTR/mda/fy2024/): filed 2025-02-18; accession 0000950170-25-021814 (https://www.sec.gov/Archives/edgar/data/1050446/000095017025021814/mstr-20241231.htm)
- [FY 2023 MD&A](/company/MSTR/mda/fy2023/): filed 2024-02-15; accession 0000950170-24-015847 (https://www.sec.gov/Archives/edgar/data/1050446/000095017024015847/mstr-20231231.htm)
- [FY 2022 MD&A](/company/MSTR/mda/fy2022/): filed 2023-02-16; accession 0001564590-23-002012 (https://www.sec.gov/Archives/edgar/data/1050446/000156459023002012/mstr-10k_20221231.htm)
- [FY 2021 MD&A](/company/MSTR/mda/fy2021/): filed 2022-02-16; accession 0001564590-22-005287 (https://www.sec.gov/Archives/edgar/data/1050446/000156459022005287/mstr-10k_20211231.htm)

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