Michael Saylor Sees Next Bitcoin Bull Market Beginning as Strategy Reports $19.5B in Q3 Net Income

Strategy posted internet earnings of $19.53 billion in the third quarter of 2026, a pointy soar from $2.79 billion a 12 months earlier. The surge got here largely from a $20.91 billion achieve on its Bitcoin holdings, which pushed working earnings to a file high.

The firm’s income, nevertheless, moved in the other way and slipped 3% 12 months over 12 months to $125.4 million from $128.7 million. Gross revenue was $89.6 million, with a gross margin of 71%, barely under the $90.7 million reported a 12 months earlier, when the margin was 70%.

BTC Yield Turns Negative

Strategy held 848,517 bitcoin as of October 25, with a market worth of $68.9 billion in opposition to an authentic price foundation of $64.02 billion. Its common buy value stood at roughly $75,446 per bitcoin. The firm bought $14.33 billion value of BTC year-to-date and elevated its holdings by 26% throughout 2026.

But Strategy’s BTC Yield stood at destructive 3.7%. Despite this, Michael Saylor, founder and government chairman of the corporate, mentioned that “we’re originally of the following bull market.” He went on so as to add,

“Banks are embracing Bitcoin, Bitcoin’s dominance amongst digital belongings is rising, institutional demand is again, and Bitcoin’s value is 21% above its 200-week shifting common. Digital Credit continues to develop, with $16 billion in notional worth throughout ten publicly listed securities. Strategy continues to guide this trade with 84% market share and STRC returning to power.”

Meanwhile, Strategy seems to have paused its current BTC shopping for spree and centered on repurchasing STRC shares as a substitute.

CFO Resigns

Separately, its Chief Financial Officer Andrew Kang is stepping down on November 5. The exec notified the corporate earlier this week that he was resigning for private causes. Strategy confused that his departure had nothing to do with any disagreement over its operations, insurance policies, or practices. He will stay obtainable in an advisory position by way of December 31.

Reza Virasteh, who’s at present government vp of operations, will take over as co-principal monetary officer from January 1, alongside CEO and President Phong Le.

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