Strategy Stock Falls After $19.5B Q3 Profit Driven by Bitcoin Gains

TLDR Strategy reported $19.53 billion in third-quarter net income, up from $2.79 billion a year earlier, driven by a $20.91 billion gain on its Bitcoin. The company held 848,517 Bitcoin as of Oct. 25, up 26% year to date. Michael Saylor said Strategy could create up to $30 billion in digital credit without selling more common stock. Preferred shareholders approved daily dividend accrual with 99.3% of votes cast. CFO Andrew Kang will step down on Nov. 5, with Reza Virasteh taking over on Jan. 1, 2027. Strategy reported $19.53 billion in net income for the third quarter of 2026.