Strategy (MSTR) Earnings News: BTC's Q3 Rise Boosts Profits

Strategy (MSTR), the largest corporate holder of Bitcoin, reported a net income of $2.8 billion and earnings per share (EPS) of $8.42 for Q3 2025, thanks to an increase in Bitcoin prices. By the end of September, the company's Bitcoin holdings rose to 640,031 BTC from 597,325 BTC at the start of the quarter, with further purchases bringing that number to 640,808 BTC in October. Despite the profit boost from Bitcoin's rise from approximately $107,000 in July to about $114,000 by September's end, MSTR shares saw a decline of around 14% over Q3, and a further 20% decrease in October. The company's year-to-date Bitcoin yield stands at 26%, and it has set a full-year projection of 30% yield, anticipating a BTC price of $150,000. They also reinstated prior guidance stating that common stock would not be issued if its market net asset value (mNAV) fell below 2.5x, as the recent decline in share price has left mNAV barely above 1.

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