Key Takeaways
- Strategy reported $2.8B in Q3 net income as Bitcoin prices traded lower to the $107K level on Thursday afternoon.
- The firm expanded its Bitcoin holdings to over 640K BTC despite market volatility.
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Strategy, the rebranded business intelligence company turned Bitcoin holding firm, reported $2.8 billion in net income for Q3 2025 despite Bitcoin trading mostly sideways through the quarter. The profit reflected modest appreciation in the cryptocurrency’s price and ongoing accumulation by the company.
Fueled by proceeds from recent stock offerings, Strategy increased its Bitcoin reserves from 597,325 to 640,031 BTC by the end of September, with October purchases bringing the total to 640,808 BTC.
Bitcoin rose from roughly $107,000 in early July to around $114,000 by the end of September, contributing to the quarter’s profit. However, Strategy’s stock fell nearly 14% during the same period as its market premium over Bitcoin holdings narrowed. The decline extended into October, with shares down another 20%, including a 7.5% drop today as Bitcoin dipped below $107,000—though after-hours trading showed a modest 3% recovery.
