Strategy Reports $3.9B BTC Gains for Q3 as Bitcoin Enters Price Discovery
Strategy, the largest corporate Bitcoin holder, reported notable financial performance for Q3 2025:
- Completed $140 million in dividend payments.
- Recorded $3.9 billion in Bitcoin fair value appreciation.
- Total Bitcoin holdings reached 640,031 BTC, valued at $80.03 billion.
- Average purchase price per BTC is $73,983, with a 69% unrealized gain amounting to approximately $32.7 billion.
The firm introduced four new preferred stock instruments: STRC, STRD, STRF, and STRK, providing institutional investors indirect access to Bitcoin and generating new liquidity. These are listed on Robinhood.
- STRC IPO raised $2.47 billion, showing strong institutional interest.
- Total net proceeds from offerings were $5.09 billion.
A recent IRS and Treasury ruling allows corporations to exclude unrealized crypto gains from the 15% corporate alternative minimum tax (CAMT), benefiting Strategy's balance sheet by deferring tax expenses on its Bitcoin gains.
No new BTC purchases were made between September 29 and October 5. However, Bitcoin's price rally to $125,500 increased Strategy's BTC holdings value, causing a 1.5% increase in MSTR stock price.
In related news, the Best Wallet presale has surpassed $16.4 million, offering multi-chain storage solutions with smart vaults and yield optimization tools.
