Strategy Inc Q1 FY2026 Earnings Call

Operator: Hello, everyone. CJ Jain: Good evening. I am CJ, head of investor relations at Strategy Inc. It is an honor to kick off Strategy Inc's first quarter 2026 earnings webinar. I will be your moderator today. We will start the call with a 60-minute presentation, starting with Andrew Kang, followed by Phong Le, and then Michael Saylor. This will be followed by a 30-minute interactive Q&A session with four Wall Street equity analysts and four Bitcoin analysts. Before we proceed, I will read the safe harbor statement. Some of the information we provide in the presentation regarding our future expectations, plans, and prospects may constitute forward-looking statements. Actual results may differ materially from these forward-looking statements due to various important factors, including fluctuations in the price of Bitcoin and the risk factors discussed under the caption “Risk Factors” in Strategy Inc's annual report on Form 10-Ks filed with the SEC on 02/19/2026, and the risks described in other filings that Strategy Inc may make with the SEC. We assume no obligation to update these forward-looking statements, which speak only as of today. With that, I will turn the call over to Andrew Kang, the CFO of Strategy Inc. Andrew Kang: Thank you, CJ. First off, I would like to officially welcome CJ Jain to his new role as Strategy Inc's head of investor relations. I also want to take a moment to thank Shirish Jajodia, our corporate treasurer, for helping establish and lead our IR