Strategy Posts $2.8B Q3 Profit on 640K Bitcoin Holdings
Strategy reported $2.8B net income in Q3 2025 as Bitcoin’s price rallied from $107K to $114K. Proceeds from stock offerings expanded its Bitcoin holdings from 597,325 BTC to 640,808 BTC by October, reinforcing the value of its Bitcoin holdings even as purchases slowed when prices dipped below $107K. Despite a narrow market-cap premium that sent shares down nearly 14% in Q3 and another 20% in October—slipping 7.5% when Bitcoin briefly fell under $107K—its stock rebounded with a 5.8% intraday gain after strong earnings. Management outlined a 30% yield target and a potential $20B Bitcoin appreciation for 2025, pledging not to sell equity if its market NAV falls below 2.5×. Traders view the report as evidence of Strategy’s resilient, asset-heavy approach amid market volatility.
Bullish
Strategy’s robust Q3 net income and aggressive accumulation of Bitcoin holdings suggest sustained demand for BTC, likely supporting price in both the short and long term. The firm’s commitment to not selling equity below a 2.5× NAV and its 30% yield target signals confidence in future upside, potentially driving bullish sentiment. While share price volatility reflects market premium adjustments, the underlying asset growth and management’s growth targets reinforce a positive outlook for Bitcoin’s market stability and upward momentum.