<h2 id="tldr">TLDR</h2>
<ul>
 <li>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.</li>
 <li>The company held 848,517 Bitcoin as of Oct. 25, up 26% year to date.</li>
 <li>Michael Saylor said Strategy could create up to $30 billion in digital credit without selling more common stock.</li>
 <li>Preferred shareholders approved daily dividend accrual with 99.3% of votes cast.</li>
 <li>CFO Andrew Kang will step down on Nov. 5, with Reza Virasteh taking over on Jan. 1, 2027.</li>
</ul>
<p>Strategy reported $19.53 billion in net income for the third quarter of 2026. That is up from $2.79 billion in the same period last year.</p>
<p>The jump came mostly from a $20.91 billion gain in the value of the company’s Bitcoin holdings. That gain also pushed operating income to a record.</p>
<p>Strategy held 848,517 Bitcoin as of Oct. 25. Its holdings are up 26% since the start of the year.</p>
<p>Revenue from the company’s software business fell 3% from a year earlier to $125.4 million.</p>
<p>Strategy shares fell about 3.5% in after-hours trading on Thursday following the results.</p>
<p><iframe title="Strategy Q3 2026 Earnings Call" src="https://www.youtube.com/embed/BHU5QJ3hcoA?feature=oembed" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe></p>
<h2 id="saylor-points-to-30-billion-in-credit-capacity">Saylor Points to $30 Billion in Credit Capacity</h2>
<p>During the earnings call, executive chairman Michael Saylor said the company could create as much as $30 billion in digital credit. He said this could be done using its current balance sheet.</p>
<p>Saylor said Strategy would not need a new common stock raise or a higher Bitcoin price to do so. “We could create $10 billion, $20 billion, $30 billion of digital credit,” he said.</p>
<p>The $30 billion figure is a possible capacity. It is not an announced fundraising target.</p>
<p>CEO Phong Le said digital credit would be the main way the company buys more Bitcoin. “The primary way to acquire Bitcoin is by issuing digital credit,” Le said.</p>
<p>Le explained that if Strategy raised $1 billion to $2 billion in a month through its STRC preferred shares, some of the money could go into dollar reserves. The rest would be spent on Bitcoin.</p>
<p><a href="https://www.sec.gov/Archives/edgar/data/1050446/000105044626000047/0001050446-26-000047-index.htm" rel="noopener noreferrer nofollow">In a release,</a> Saylor said, “We’re at the beginning of the next bitcoin bull market.” He added that Strategy’s digital credit has $16 billion in notional value across ten publicly listed securities.</p>
<p>The company also said STRC “returned to health” after it carried out $2.04 billion in repurchases. Research firm K33 estimated earlier this month that STRC had added $725 million to Strategy’s yearly dividend costs.</p>
<h2 id="daily-dividends-and-a-cfo-change">Daily Dividends and a CFO Change</h2>
<p>Holders of Strategy’s STRC, STRF, STRK and STRD preferred shares voted this week to let dividends build up daily. The change passed with 99.3% of votes cast, according to Saylor.</p>
<blockquote>
 <p>“Daily dividends are a natural step toward the tokenized, 24/7/365 financial system,” Le said on Thursday.</p>
</blockquote>
<p>Strategy also said chief financial officer Andrew Kang will step down on Nov. 5 for personal reasons. Le will oversee the finance team until current chief operating officer Reza Virasteh becomes CFO on Jan. 1, 2027.</p>
<p>STRF, STRK and STRD will have a Jan. 1 record date and a Jan. 4 payment. After that, every calendar day will be a record date, with payment on the next business day.</p>
<p>The first payout under the new system is days away. STRC’s first record date is Nov. 1, with payment set for Nov. 2.</p>
<p>The post <a href="https://blockonomi.com/strategy-stock-falls-after-19-5b-q3-profit-driven-by-bitcoin-gains/" rel="noopener noreferrer nofollow">Strategy Stock Falls After $19.5B Q3 Profit Driven by Bitcoin Gains</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

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

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