Strategy Posts $19.5B Q3 Profit on Bitcoin Markup; CFO Kang to Exit
MSTR sits 67% above its 52-week low of $81.81.
Summary
Strategy reported $19.53 billion of Q3 net income, or $44.75 per diluted share, versus $2.79 billion a year earlier, driven by a $20.91 billion gain on its bitcoin holdings. That confirms the preliminary estimate disclosed in the Oct. 5 8-K and reverses the $8.2 billion Q2 loss. The software business remains soft: revenue fell 3% year over year to $125.4 million. Separately, CFO Andrew Kang steps down Nov. 5, with COO Reza Virasteh taking the CFO role in January 2027. Preferred holders approved daily dividend accrual with 99.3% of votes cast, and the company executed $2.04 billion of STRC repurchases. Shares fell about 3.5% after hours despite the headline profit, which is largely a mark-to-market artifact of bitcoin's price rather than operating cash generation.
At the time of this announcement, MSTR was trading at $136.99 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $59.8B. The 52-week trading range was $81.81 to $286.18. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: The Block.