Strategy reported net income of $19.53 billion in the third quarter of 2026, compared with $2.79 billion a year earlier. The sharp increase was driven mainly by a $20.91 billion gain on its Bitcoin holdings, while revenue fell 3% year over year to $125.4 million. As of October 25, the company held 848,517 BTC worth $68.9 billion, against a cost basis of $64.02 billion and an average purchase price of about $75,446 per bitcoin. Despite $14.33 billion in BTC purchases year to date, Strategy’s BTC Yield stood at negative 3.7%. Michael Saylor nevertheless said the next Bitcoin bull market is beginning, while CFO Andrew Kang is resigning for personal reasons and will be succeeded by Reza Virasteh on January 1.
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