Strategy Swings to $19.53B Q3 Profit on Bitcoin Mark-Up; CFO Kang Exits Nov 5
MSTR sits 61% above its 52-week low of $81.81.
Summary
Strategy posted $19.53 billion of Q3 net income ($44.75 diluted EPS), driven by a $20.91 billion bitcoin mark-up — a full reversal from the $8.2 billion loss in Q2. Revenue fell 3% to $125.4 million, so the entire profit is a mark-to-market on the balance sheet, not operations. The company held 848,517 BTC as of Oct 25, roughly 4% of max supply, valued near $66.2 billion after buying about $14.33 billion of bitcoin this year. CFO Andrew Kang resigns effective Nov 5 and stays as an advisor through year-end; Reza Virasteh takes over Jan 1, 2027, with CEO Phong Le sharing finance duties in the interim. Funding still runs through the STRC program — $2.04 billion of buybacks to date, including $204.9 million in the Oct 19-25 week, with daily dividend accrual starting Nov 1.
At the time of this announcement, MSTR was trading at $132.09 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $55.1B. The 52-week trading range was $81.81 to $276.32. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.