Overview
- Strategy reported third‑quarter net income of about $2.8 billion, or diluted EPS of $8.42, largely from unrealized gains as bitcoin rose roughly 6–7% during Q3.
- Holdings reached 640,808 BTC after October purchases, with about 42,706 BTC added in Q3 funded through common and preferred stock issuances.
- Management reaffirmed full‑year targets for $24 billion in net income and $80 diluted EPS based on an assumed year‑end bitcoin price of $150,000.
- Executives said the firm is laying groundwork to issue bitcoin‑linked credit securities in international jurisdictions as it shifts fundraising away from common stock.
- Shares underperformed bitcoin with a roughly 14% Q3 drop and about 20% slide in October before a modest after‑hours rebound, as S&P assigned a B‑ issuer rating this week.