Strategy Sold 5,552 Bitcoin and Bought 7,218 in Q3 as a $20.9 Billion Markup Drove Profit
By Unchained
AI summary of the source article
Strategy reported $20.91 billion in Q3 operating income driven entirely by digital asset fair value gains, despite an operating loss of $2.6 million without them. The company bought 7,218 bitcoin and sold 5,552 bitcoin during the quarter.
Key facts
- Strategy posted $20.91 billion in Q3 operating income from digital asset gains, while operations lost roughly $2.6 million excluding the markup.
- The firm added 7,218 BTC and sold 5,552 BTC to fund $239.9 million in preferred dividends and $108.6 million in STRC repurchases.
- CFO Andrew Kang is stepping down on Nov. 5, with CEO Phong Le serving as principal financial officer through 2026.
Source excerpt · Unchained
Strategy's third-quarter operating income came entirely from marking up its bitcoin, and CFO Andrew Kang is leaving Nov. 5. The post Strategy Sold 5,552 Bitcoin and Bought 7,218 in Q3 as a $20.9 Billion Markup Drove Profit appeared first on Unchained .