Strategy (MSTR) Posts Record Operating Income as Bitcoin Rebounds in Q3 2026

Strategy reported record $20.91 billion in Q3 2026 operating income, driven by Bitcoin’s rebound, despite declining revenue, negative year-to-date BTC yield, and continued pressure to fund preferred dividends. Strategy posted the largest operating income in its history on Thursday, booking $20.91 billion for the third quarter of 2026. Most of that total came from a paper gain on the company’s bitcoin stack. Net income reached $19.53 billion, or $44.75 per diluted share, up from $2.79 billion a year earlier.