Strategy Posts $21B Bitcoin Gain in Q3 2026, Reversing Four-Quarter Loss Streak

Strategy reported a $21 billion gain on its digital assets for the third quarter ended Sept. 30, 2026, snapping a four-quarter losing streak as a late-summer bitcoin rally lifted the value of its holdings, the company said on Oct. 5, 2026. Bitcoin rose 43% year-over-year during the quarter. Under Strategy's accounting standards, fair-value shifts in its bitcoin holdings flow directly through the income statement, producing large quarterly earnings swings. The company also disclosed buying $28.7 million in bitcoin between Oct. 1 and Oct. 4, 2026, and repurchasing $176 million of STRC preferred shares, according to Bloomberg. Strategy holds 848,000 bitcoin, valued at roughly $73 billion, making it the largest bitcoin holder among publicly listed companies. The result reverses a second-quarter net loss of $8.22 billion, driven by an $8.32 billion unrealized loss on digital assets as bitcoin fell.