Michael Saylor Sees Next Bitcoin Bull Market Beginning as Strategy Reports $19.5B in Q3 Net Income

Strategy posted net income of $19.53 billion in the third quarter of 2026, a sharp jump from $2.79 billion a year earlier. The surge came largely from a $20.91 billion gain on its Bitcoin holdings, which pushed operating income to a record high. The company’s revenue, however, moved in the opposite direction and slipped 3% year over year to $125.4 million from $128.7 million. Gross profit was $89.6 million, with a gross margin of 71%, slightly below the $90.7 million reported a year earlier, when the margin was 70%.