Strategy reports $3.9B Bitcoin gain in Q3, becomes the 106th largest US public firm

Strategy reported $3.89 cardinal successful unrealized gains connected Bitcoin (BTC) during the 3rd 4th of 2025, propelling the institution to surpass Coinbase’s marketplace cap.

The company’s holdings surpassed $80 cardinal successful worth for the archetypal clip arsenic Bitcoin trades supra $125,000. As of property time, bitcoin traded astatine $125,420.83, valuing the company’s integer plus portfolio astatine astir $80.26 cardinal based connected existent marketplace prices.

Strategy held $73.21 cardinal successful Bitcoin carrying worth connected its equilibrium expanse arsenic of Sept. 30, with a related deferred taxation liability of $7.43 billion. As a result, the existent holdings are already implicit $7 cardinal larger little than 1 week aft the tally.

As of Oct. 6, Strategy holds 640,031 BTC acquired astatine an aggregate acquisition terms of $47.35 cardinal with an mean outgo ground of $73,983 per BTC.

The institution recorded an unrealized summation of $3.89 cardinal during the 4th ended Sept. 30, partially offset by a deferred taxation disbursal of $1.12 billion.

Strategy adopted Accounting Standards Update No. 2023-08, effectual Jan. 1, which requires the institution to admit increases oregon decreases successful the just worth of integer assets successful its consolidated statements of operations for each reporting period.

The institution acquired 42,706 BTC during the 3rd 4th astatine an aggregate acquisition terms of $4.95 cardinal with an mean acquisition terms of $115,959 per BTC.

Strategy funded these purchases utilizing nett proceeds from aggregate at-the-market equity offerings, including $2.07 cardinal from its people A communal banal program, $2.47 cardinal from an underwritten offering of its STRC preferred stock, and smaller amounts from its STRF, STRK, and STRD preferred banal programs.

Strategy’s outstanding indebtedness totaled $8.24 cardinal arsenic of Sept. 30, including $8.20 cardinal successful convertible notes crossed six antithetic bid maturing betwixt 2028 and 2032.

The company’s yearly contractual involvement disbursal connected its convertible indebtedness was $36.8 million, portion its yearly dividends connected preferred banal totaled $638.7 million.

Additionally, Strategy’s MSTR shares traded astatine $358.13 arsenic of property time, making it the 105th largest publically traded company successful the US with a marketplace capitalization surpassing $101 cardinal arsenic of Oct. 6.

Coinbase ranks 108th among US nationalist companies, with a marketplace capitalization of implicit $99 billion.

The station Strategy reports $3.9B Bitcoin summation successful Q3, becomes the 106th largest US nationalist firm appeared archetypal connected CryptoSlate.