Strategy Posts $20.9 Billion Digital-Asset Gain for Third Quarter

Strategy posted a $20.9 billion gain on digital assets and diluted earnings of $44.75 per share for the quarter ended Sept. 30, as changes in Bitcoin valuations flowed into net income.

Strategy measures its Bitcoin holdings at fair value each reporting period and records changes in that value in net income. The exact gain was $20.912392 billion. Strategy held 848,517 Bitcoin as of Oct. 25.

Michael Saylor, Strategy’s founder and executive chairman, said, “We’re at the beginning of the next bitcoin bull market.”