Strategy reports $19.5B Q3 profit on Bitcoin gains as MSTR slips 2.5% after hours

The Bitcoin treasury company reported $44.75 in diluted earnings per share, driven by a $20.9 billion gain on digital assets, while its holdings reached 848,517 BTC. Strategy reported $19.53 billion in third-quarter net income on Thursday, driven by a $20.91 billion gain on its Bitcoin holdings, as the world’s largest corporate Bitcoin treasury company continued restructuring its financing strategy. The company reported diluted earnings of $44.75 per share for the three months ended September 30, compared with $8.42 a year earlier. Net income increased from $2.79 billion in the same period of 2025. Operating income reached $20.91 billion, up from $3.89 billion a year earlier, largely reflecting changes in the fair value of Bitcoin rather than cash generated by the company’s operations. Strategy shares slipped approximately 2.5% in after-hours trading following the announcement, according to Yahoo Finance data. The company also reported $125.4 million in quarterly revenue, down 3% from $128.7 million a year earlier, as its enterprise software business contributed relatively little to the overall earnings result. Strategy Bitcoin holdings reach 848,517 BTC Strategy held 848,517 Bitco...