Strategy Posted EPS of $8.42 in Q3 Driven by Mark-to-Market Gains on Bitcoin

by Aric Feil

Strategy (MSTR), the largest corporate holder of bitcoin, reported EPS of $8.42 for the third quarter of 2025.

Led by Executive Chairman Michael Saylor, the firm persevered to attain its aggressive bitcoin accumulation strategy. Fueled by proceeds from commonplace and most favorite stock issuances, Strategy increased its holdings to 640,031 BTC by the tip of September from 597,325 in the inspiration of the quarter (October purchases possess since introduced the firm stack to 640,808).

The third quarter profit got right here thanks to a rise in the price of bitcoin from roughly $107,000 in the inspiration of July to about $114,000 on the tip of September. Investors, nonetheless, weren’t so form to MSTR, which seen a few 14% decline in piece designate over those three months because the market cap top charge over the price of its bitcoin holdings fell sharply.

It be a tumble that is accelerated throughout October, with shares plunging one other 20% this month, including a 7.5% tumble this day alongside bitcoin’s return to below $107,000.

Learn extra: Michael Saylor’s Strategy Drops $18B in Set up, but a Rebound Can also simply Be Advance: 10X Research

The firm’s so-called bitcoin yield yr-to-date is 26% and the firm reiterated guidance for stout yr uncover earnings of $24 billion, or $80 per piece, in accordance with its BTC designate outlook of $150,000.

Shares are up 3.3% in after hours trading with the earnings call foundation at 5 pm ET.

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