Strategy Inc (MSTR) Surges on Q3 Earnings Beat & 26% Bitcoin Yield

Strategy Inc (MSTR) surprised markets this quarter as its shares climbed nearly 6% in after-hours trading following the release of its third-quarter earnings. The Bitcoin-focused company reported a net income of $2.8 billion, comfortably exceeding Wall Street’s estimates. Although this was a decline from the $10 billion profit achieved in the second quarter, it marked a sharp turnaround from the $340.2 million loss recorded a year earlier.

For the quarter ending 30 September, Strategy posted diluted earnings per share of $8.42, beating analyst expectations of $8.15. The company’s financial resilience has reignited investor optimism, especially after its shares closed the previous trading session down 7.55% at $254.57 — the lowest level in over six months — before rebounding above $269 in post-market trading.

Read Also: MicroStrategy's Bitcoin Bet: How MSTR Stock is Rising and Risking Big

The improved results have been largely driven by the firm’s strategic exposure to Bitcoin, which has continued to shape its profitability. As the broader crypto market stabilised, Strategy’s proactive accumulation of digital assets proved advantageous, allowing it to benefit from upward Bitcoin price movements across the quarter.

The earnings announcement not only boosted market sentiment but also reaffirmed Strategy’s position as a key player bridging corporate finance and cryptocurrency adoption. Its Q3 rebound underscores how integrated Bitcoin has become within its business model and investment strategy.

Bitcoin Holdings Remain Central to Strategy’s Growth

Much of Strategy’s performance continues to be closely tied to Bitcoin’s price trajectory. The company, recognised as the largest corporate holder of Bitcoin globally, experienced a notable increase in income as the cryptocurrency’s value rose by 6.5% during the third quarter.

At the time of reporting, Bitcoin was trading at around $109,088, having recovered from an intraday dip below $106,500. Although the coin remained slightly down by 1.49% over the past 24 hours, the broader quarterly uptrend was enough to significantly influence Strategy’s earnings.

Read Also: Michael Saylor’s MicroStrategy Buys 155 More BTC for $18M, Nearing 3% of Bitcoin’s Total Supply

Throughout Q3, the firm added an impressive 42,706 BTC to its balance sheet, bringing its total holdings to 640,031 BTC by the end of September. As of Sunday, this figure had increased slightly to 640,808 BTC, with an average purchase price of $74,032 per coin.

This sustained accumulation strategy illustrates the company’s long-term confidence in Bitcoin’s value proposition. While some analysts question the risks of such heavy concentration, others argue that Strategy’s commitment demonstrates institutional belief in crypto’s potential as a store of value.

The interplay between corporate treasury strategy and decentralised assets continues to attract attention from traditional finance circles. Strategy’s success story suggests that, when managed strategically, Bitcoin exposure can be a legitimate driver of corporate growth and shareholder value.

Market Value and Future Outlook

Despite the positive earnings surprise, Strategy’s market net asset value (mNAV) ratio has declined to 1.05x — its lowest point since early 2023, according to StrategyTracker data. This metric has dropped sharply from 3.89x in November last year, when Bitcoin prices spiked following Donald Trump’s U.S. election victory.

Nevertheless, the company remains optimistic. Strategy revealed that its Bitcoin yield has reached an impressive 26% so far in 2025, translating to roughly $13 billion in gains. With this trajectory, the firm has reaffirmed its full-year outlook, targeting a 30% Bitcoin yield and an ambitious $24 billion net income projection. These targets are based on an internal forecast that anticipates Bitcoin climbing to $150,000 by year-end.

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Market analysts view this confidence as both bold and reflective of Strategy’s deep conviction in Bitcoin’s long-term growth. The company’s strategy underscores a broader trend in which major institutions are diversifying into digital assets to enhance returns amid macroeconomic uncertainty.

As the global financial landscape continues to evolve, Strategy’s ability to merge corporate profitability with blockchain-based value storage places it at a unique crossroads between traditional equity performance and decentralised finance. Investors and observers alike are now closely watching whether the company can sustain its impressive momentum through the final quarter of the year.

Conclusion

Strategy Inc’s third-quarter performance underscores the increasingly close connection between corporate profitability and digital asset exposure. Its strong earnings beat, rising Bitcoin yield, and disciplined accumulation strategy signal continued confidence in crypto’s role within modern finance. 

While challenges remain in managing volatility and investor expectations, Strategy’s consistent results reveal a company well-positioned to navigate both traditional and decentralised markets.

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FAQ

What caused Strategy Inc’s (MSTR) stock to rise after earnings?

The company’s shares rose after it reported stronger-than-expected Q3 earnings and an impressive Bitcoin yield, signalling solid financial performance.

How many Bitcoins does Strategy currently hold?

As of the end of September, Strategy held 640,031 BTC, which later increased slightly to 640,808 BTC.

What is Strategy’s current Bitcoin yield?

The company’s Bitcoin yield has reached 26% this year, translating to approximately $13 billion in gains.

How is Strategy’s market valuation performing?

Despite positive earnings, Strategy’s market net asset value ratio has dropped to 1.05x, its lowest level since early 2023.

What is the company’s outlook for the rest of the year?

Strategy aims for a 30% Bitcoin yield and a $24 billion net income, based on projections that Bitcoin could reach $150,000 by the end of 2025.