Strategy reported roughly $20 billion in third-quarter net income and $20.9 billion in operating profit, nearly all of it from the rising value of the bitcoin on its balance sheet. The coin behind that result is having a quieter week. Bitcoin traded at $78,870.56, down 2.88% over 24 hours and below the $80,000 level it…
Summary
- Strategy reported roughly $20 billion in third-quarter net income and $20.9 billion in operating profit, nearly all of it from the rising value of the bitcoin on its balance sheet.
- Bitcoin traded at $78,870.56, down 2.88% over 24 hours and below the $80,000 level it has crossed in both directions for weeks.
- The asset is up 25.24% over 90 days, down 2.64% over 30 days, and 30.85% below where it stood a year ago.
- WalletInvestor’s model, which rates bitcoin B+, expects little movement in the next two weeks, with projections of +0.77% over seven days and +1.55% over 14.
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