Strategy Posts $19.5B Q3 Net Income
Key Summary
Strategy posted $19.5B in Q3 net income due to a $20.91B gain on its 848,517 bitcoin holdings, even as revenue slipped 3% to $125.4M.
Key Bullets
- Strategy posted $19.5B in Q3 net income driven by $20.91B in digital asset gains.
- The corporate treasury held 848,517 bitcoin purchased at an average cost basis of $75,446.
- Chief Financial Officer Andrew Kang resigned abruptly for personal reasons with an advisory exit.
- Executive Vice President Reza Virasteh will step in as co-principal financial officer on January 1.
Strategy Reports $19.5B Q3 Net Income
Strategy posted net income of $19.53B in the third quarter of 2026, marking a sharp jump from $2.79B recorded a year earlier according to financial reports filed this week. The corporate earnings surge came directly from a $20.91B gain on its massive cryptocurrency holdings, which pushed operating income to record territory. Revenue moved in the opposite direction and slipped 3% year over year to $125.4M from $128.7M. Gross profit hit $89.6M with a gross margin of 71%, down slightly from the $90.7M reported a year earlier when margins sat at 70%.
The corporate treasury held 848,517 bitcoin as of October 25, valued at $68.9B against an original cost basis of $64.02B. Its average purchase price stood at $75,446 per token following aggressive accumulation throughout the fiscal year. The firm purchased $14.33B worth of BTC year-to-date and increased its holdings by 26% over the course of 2026. Treasury metrics showed the BTC Yield dropping to negative 3.7% while executives shifted capital toward repurchasing STRC shares instead of acquiring fresh coins.
Chief Financial Officer Andrew Kang Resigns
Strategy Chief Financial Officer Andrew Kang is stepping down on November 5, according to regulatory filings submitted this week. The executive notified the corporate board that he was resigning for personal reasons with immediate effect from his core duties. Corporate leadership stressed that his departure had nothing to do with any disagreement over internal operations, accounting policies, or financial practices. He will remain available in an advisory role through December 31 to assist with the transition.
Reza Virasteh, who currently serves as executive vice president of operations, will take over as co-principal financial officer from January 1. He will share the financial oversight duties alongside CEO and President Phong Le. Markets reacted quickly to the C-suite shuffle as traders parsed the sudden exit of a key balance sheet manager during a heavy accumulation cycle.
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