Important points
On Thursday afternoon, as Bitcoin prices fell to the $107,000 level, Strategy reported third-quarter net income of $2.8 billion. The company has grown its Bitcoin holdings to over 640,000 BTC despite market volatility.
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Business intelligence firm Strategy, which has rebranded as a Bitcoin holding company, reported net income of $2.8 billion for the third quarter of 2025, even though Bitcoin traded nearly flat throughout the quarter. This gain reflected a slight increase in cryptocurrency prices and continued accumulation by the company.
Fueled by proceeds from the recent stock offering, the strategy increased its Bitcoin reserves from 597,325 BTC to 640,031 BTC by the end of September, with October purchases bringing the total to 640,808 BTC.
Bitcoin rose from about $107,000 in early July to about $114,000 by the end of September, contributing to profits in the quarter. However, Strategy’s stock price fell nearly 14% over the same period as the market premium for holding Bitcoin narrowed. The decline continued into October, with the stock falling another 20%, including a 7.5% drop today as Bitcoin fell below $107,000, before recovering just 3% in after-hours trading.
