Strategy reports $20.9bn operating profit as bitcoin gains lift results
The company spent $2.04bn on share buybacks through late October while paying out $419.6m in preferred dividends.
Key takeaways
- 1Strategy reported a $20.9bn operating profit for the third quarter of 2026.
- 2The company spent $2.04bn on share buybacks through 25 October.
Strategy reported a third-quarter operating profit of $20.9bn on 29 October, according to a report from The Defiant. The company said the result was driven by gains in the value of its bitcoin holdings.
The firm spent $2.04bn on buying back its STRC shares through 25 October. Preferred dividends for the quarter totalled $419.6m. These figures reflect the company's approach of using its balance sheet to hold large amounts of digital currency.
Bitcoin traded at $78,916 on 29 October, a 2.9 per cent decrease over 24 hours, according to YourKhabri data. The asset has a total market value of $1.59tn. Earlier this week, SoFi reported $1.6m in net crypto transaction revenue for the same quarter.
Investors are now watching how the company manages its dividend obligations and share buybacks as market prices fluctuate. The firm has not yet announced its acquisition targets for the final quarter of the year.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.