Strategy Inc. Reports $2.8 Billion Q3 Profit on Bitcoin Gains
According to Bloomberg, Strategy Inc. — formerly known as MicroStrategy — reported a third-quarter net income of $2.8 billion, or $8.42 per share, largely attributed to unrealized gains from its $69 billion Bitcoin portfolio.
The company, long recognized for its aggressive Bitcoin accumulation strategy, continues to serve as one of the largest corporate holders of BTC globally.
Stock Down 45% From 2024 Peak
Despite the strong quarterly profit, Strategy Inc.’s stock remains roughly 45% below its November 2024 peak, reflecting investor concerns about the company’s capital structure, leverage exposure, and the pace of new Bitcoin acquisitions.
Analysts note that while Bitcoin’s rebound has strengthened the firm’s balance sheet, volatility and debt-linked financing continue to weigh on investor sentiment.
Offshore Credit Issuance Plans
In a statement, Strategy Inc. said it intends to issue credit securities in offshore markets, a move aimed at diversifying funding sources and potentially expanding its Bitcoin purchasing capacity.
As Bitcoin continues to trade near record highs, the company’s financial performance remains deeply intertwined with crypto market dynamics — positioning Strategy Inc. as both a beneficiary and a risk proxy for institutional Bitcoin exposure.
