Strategy reported record third-quarter operating income of $20.91 billion, a result the firm attributed to the rising value of its digital asset holdings. The company’s net income for the period climbed to $19.53 billion from $2.79 billion a year ago, and earnings per share of $44.75 far exceeded the $8.17 analysts had forecasted. However, revenue from the software business fell 3% year over year to $125.4 million, missing estimate ranges of $127.2 million to $128.4 million.
As of Oct 25, Strategy held 848,517 BTC, representing a 26% increase year to date, while raising $21.23 billion in capital over the same period. The company ended the quarter with $2.50 billion in cash and cash equivalents. Strategy also announced a leadership transition, stating that Chief Financial Officer Andrew Kang will resign on Nov 5 and current Chief Operating Officer Reza Virasteh will assume the CFO role in January 2027.