Michael Saylor Sees Next Bitcoin Bull Market Beginning as Strategy Reports $19.5B in Q3 Net Income

Strategy posted net income of $19.53 billion in the third quarter of 2026, a sharp jump from $2.79 billion a year earlier. The surge came largely from a $20.91 billion gain on its Bitcoin holdings, which pushed operating income to a record high. The company’s revenue, however, moved in the opposite direction and slipped 3% year over year to $125.4 million from $128.7 million. Gross profit was $89.6 million, with a gross margin of 71%, slightly below the $90.7 million reported a year earlier, when the margin was 70%. BTC Yield Turns Negative Strategy held 848,517 bitcoin as of October 25, with a market value of $68.9 billion against an original cost basis of $64.02 billion. Its average purchase price stood at approximately $75,446 per bitcoin.

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