Strategy Inc. reported a Q3 net income of $20 billion, primarily driven by a $20.9 billion gain from its Bitcoin holdings. Despite the massive earnings, the company's shares fell 2.5% in after-hours trading following the release of its fiscal 2026 results. Executive Chairman Michael Saylor stated that the market is at the start of a new Bitcoin bull cycle, as the company also underwent a transition in its CFO position.
Results were driven by a fair-value gain on digital assets, while revenue fell 3% year over year and the stock slid about 3.5% in after-hours trading.
Read the full storyNet income surged to $19.53 billion despite a 3% revenue decline, while the company increased its dollar assets to $5.1 billion and extended dividend and interest coverage.
The result was driven by a $20.91 billion digital asset gain, while revenue fell 3% and its year-to-date bitcoin yield measure declined.