Overview

• Strategy now holds 640,031 BTC at an average cost of $73,983, valuing the position near $79–$80 billion at recent prices.
• The company made no purchase for Sept. 29–Oct. 5, its first weekly pause since earlier this year, as it executed roughly $140 million in preferred dividends.
• Q3 results showed $3.89 billion in unrealized fair‑value gains on digital assets, a $1.12 billion deferred tax expense, a $73.21 billion carrying value, and a $7.43 billion deferred tax liability.
• In the quarter, Strategy acquired 42,706 BTC for about $4.95 billion, financed by $5.09 billion raised through a $2.47 billion STRC preferred IPO and $2.62 billion of at‑the‑market equity.
• New IRS and Treasury CAMT guidance excludes unrealized crypto gains from minimum tax calculations, easing a key near‑term tax overhang for the firm.