Strategy Rewrites Corporate Playbook With $3.9B Bitcoin Gain—MSTR To Break Out?

Strategy Inc. (NASDAQ:MSTR) is up 2% on Monday after reporting a $3.9 billion Bitcoin (CRYPTO: BTC) gain in Q3 and breaking a key technical downtrend.

Bitcoin Earnings Shock Wall Street

Strategy’s Q3 filing showed a $3.89 billion unrealized gain on its Bitcoin position as prices surged toward quarter-end. 

The company booked a $1.12 billion deferred tax expense, leaving net results positive but highly sensitive to crypto volatility.

Digital assets stood at $73.21 billion as of Sept. 30, with 640,031 BTC held at a cost basis of $73,983. Purchases in the quarter totaled 42,706 BTC for $4.95 billion.

Strategy Taps Billions To Fuel Bitcoin Bet

The company raised $5.09 billion in Q3, split between a $2.47 billion IPO …

Full story available on Benzinga.com