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Strategy reports $19.5B Q3 profit on Bitcoin gains as MSTR slips 2.5% after hours

Strategy reports $19.5B Q3 profit on Bitcoin gains as MSTR slips 2.5% after hours
Source: cryptobriefing.com

The Bitcoin treasury company reported $44.75 in diluted earnings per share, driven by a $20.9 billion gain on digital assets, while its holdings reached 848,517 BTC. Strategy reported $19.53 billion in...

Summary

  • The Bitcoin treasury company reported $44.75 in diluted earnings per share, driven by a $20.9 billion gain on digital assets, while its holdings reached 848,517 BTC.
  • Strategy reported $19.53 billion in third-quarter net income on Thursday, driven by a $20.91 billion gain on its Bitcoin holdings, as the world’s largest corporate Bitcoin treasury company continued restructuring its financing strategy.
  • The companyreporteddiluted earnings of $44.75 per share for the three months ended September 30, compared with $8.42 a year earlier.
  • Operating income reached $20.91 billion, up from $3.89 billion a year earlier, largely reflecting changes in the fair value of Bitcoin rather than cash generated by the company’s operations.
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