Strategy shares jumped nearly 6% in after-hours trading after the Bitcoin treasury giant reported $2.8 billion in net income for the third quarter — slightly lower than last quarter’s record but still surpassing analyst expectations.
In its Q3 results released Thursday, the company announced diluted earnings per share (EPS) of $8.42 for the period ending September 30, beating Wall Street’s forecast of $8.15.
While Q3 income was down from the previous quarter’s extraordinary $10 billion profit, it marked a strong rebound compared to the $340 million loss recorded in the same period last year.
Strategy’s (MSTR) stock closed Thursday’s session at a six-month low of $254.57 — down 7.5% — but quickly bounced over 5.7% in after-hours trading, topping $269.
The firm remains the world’s largest corporate Bitcoin holder. BTC’s 6.5% climb during Q3 helped lift Strategy’s financial performance. Bitcoin currently trades around $108,500, recovering from a dip below $106,500 earlier in the day.
According to StrategyTracker, the company’s market net asset value (mNAV) ratio has slipped to 1.05x from a peak of 3.89x last November, when Bitcoin surged following Donald Trump’s election victory.
Strategy reported a year-to-date Bitcoin yield of 26%, representing a $13 billion unrealized gain. It reaffirmed its projection of achieving a 30% yield and $24 billion net income by year-end — a target based on its internal Bitcoin price outlook of $150,000.
During Q3, the company added 42,706 BTC, bringing total holdings to 640,031 BTC as of September 30. As of Sunday, that figure had increased to 640,808 BTC, purchased at an average cost of $74,032 per coin.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
