Strategy Inc. announced a net income of $2.8 billion for the third quarter, largely attributed to its substantial bitcoin holdings. The company holds 640,808 bitcoins, valued at $70.9 billion, which yielded a 26% return.
The firm has maintained its full-year guidance, projecting $34 billion in operating income and $24 billion in net income, contingent on bitcoin reaching $150,000 by year-end. Strategy Inc. has also raised $20 billion through its capital markets platform this year and holds a 'B-' rating from S&P.
Strategy Inc. Posts $2.8B Q3 Net Income, Holds 640,808 BTC
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