Strategy reports $2.8B net income in Q3 2025 despite muted Bitcoin performance

Strategy, the firm that transitioned into a Bitcoin holding company, announced a net income of $2.8 billion for the third quarter of 2025. This strong performance occurred even as Bitcoin prices traded relatively flat, reaching about $114,000 by the end of September from $107,000 in July. The profit was supported by modest price appreciation and the company's aggressive accumulation strategy, funded by recent stock offerings. Strategy expanded its Bitcoin reserves by over 40,000 BTC during the quarter, ending September with 640,031 BTC. Despite the income success, Strategy's stock price declined nearly 14% in Q3 as its market premium over its Bitcoin holdings decreased, with further drops seen in October.

(Source：Crypto Briefing)