Strategy Reports $2.8B Q3 Profit, Bitcoin Holdings Up $12.9B YTD

Strategy posted $2.8 billion Q3 internet earnings and $8.42 EPS, fueled by huge good points in its Bitcoin holdings.

Strategy has reported a internet earnings of $2.8 billion and diluted earnings per share of $8.42 within the third quarter of 2025.

The firm additionally recorded an working earnings of $3.9 billion, with most of its progress attributed to the efficiency of its Bitcoin holdings.

Strategy’s Q3 Performance

In a press launch asserting the Q3 outcomes, Strategy stated that as of October 26, 2025, it held 640,808 BTC purchased for $47.44 billion, with every unit costing a mean of $74,032. Currently, the stash is valued at $70.9 billion based mostly on a market worth of $110,600, representing a $12.9 billion (unrealized) acquire year-to-date in addition to a 26% BTC yield.

“In the third quarter and into October, Strategy continued to strengthen its position as the world’s leading Bitcoin Treasury Company,” stated President and Chief Executive Officer Phong Le. “We increased our bitcoin holdings to 640,808 bitcoin and have raised $20 billion year-to-date through our robust capital markets platform,” he added, highlighting the corporate’s momentum.

The agency’s fundraising exercise additionally remained in play, receiving $5.1 billion in internet proceeds through the three months ended September 30, and a further $89.5 million between October 1 and October 26. Additionally, its money and money equivalents stood at $54.3 million, up from $38.1 million on the finish of 2024.

Strategy additionally reaffirmed its 2025 Bitcoin KPI targets, citing sturdy execution and capital markets exercise to date this yr. The firm expects a 30% BTC yield and a $20 billion BTC acquire by year-end, assuming a Bitcoin worth of $150,000.

The largest company holder of the primary cryptocurrency has been on a shopping for spree in 2025, with its newest initiative together with a $43.4 million spend to accumulate 390 BTC. However, the newest purchase comes amid reviews that the acquisitions had slowed in current months.

Digital Credit Focus & 10-year Target

During the earnings name, Executive Chairman Michael Saylor stated Strategy’s foremost precedence is digital credit score somewhat than buying different Bitcoin treasury corporations. As a outcome, the agency needs to pursue actions that improve BTC yield for frequent shareholders whereas preserving return on capital (ROC) for most well-liked holders.

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The enterprise intelligence platform advocated for 30% amplification, which it hopes to attain by way of most well-liked shares, with no leverage from converts or different debt. Existing convertible notes are anticipated to be equitized by 2029, with the corporate additionally planning to concern new most well-liked shares internationally, together with euro-denominated choices, whereas sustaining tax-deferred return-of-capital dividends for not less than 10 years.

Saylor outlined a four-year goal to outperform Bitcoin however emphasised persistence and long-term imaginative and prescient within the cryptocurrency’s funding, calling a 10-year horizon essentially the most appropriate plan.