Overview
- The company reported diluted EPS of $8.42 and said its year-to-date bitcoin yield reached 26%.
- Holdings rose to 640,808 BTC after October purchases, including a 390 BTC buy funded through preferred stock.
- Management reaffirmed full-year targets of a 30% bitcoin yield and about $24 billion in net income, which assume bitcoin reaches $150,000.
- With its market premium near 1.05x, Strategy reinstated guidance not to sell common shares when mNAV is below 2.5x, pointing funding toward preferred and credit instruments.
- Leaders ruled out near-term M&A and highlighted digital-credit expansion and planned offshore issuance, as shares rebounded after-hours and peers like Coinbase reported strong Q3 results and added BTC.