MSTR's Q3 Earnings Surge: A $2.8B Net Income Report

Bitcoin Magazine

MSTR Reports $2.8B Q3 Net Income, Bitcoin Gains Soar

On October 30, 2025, after the market closed, Michael Saylor’s Strategy (NASDAQ: MSTR) unveiled impressive third-quarter earnings, reporting a net income of $2.8 billion.

The diluted earnings per share (EPS) stood at $8.42, exceeding analyst predictions that had set the bar at $8.15. As of October 26, 2025, the company held a total of 640,808 BTC, with an acquisition cost of $47.44 billion, averaging $74,032 per coin.

This quarter, the firm achieved a year-to-date Bitcoin yield of 26%, leading to gains of $12.9 billion amidst the ongoing crypto bull market of 2025.

Looking ahead, Strategy is forecasting a full-year operating income of $34 billion and net income of $24 billion, translating to $80 per share. This underscores the company’s evolution from a business intelligence provider to a leading corporate Bitcoin investment firm.

In Q3, total revenues reached $128.7 million, marking a 10.9% increase from the previous year and surpassing analyst expectations of $118.43 million.

Strategy’s Bitcoin holdings have already yielded gains of 116,555 BTC during 2025, equating to $12.9 billion in gains based on an approximate average Bitcoin price of $110,600 as of October 24, nearing its ambitious full-year target of $20 billion.

At the recent Money 20/20 event, Michael Saylor expressed his conviction that Bitcoin is currently undervalued, stating, “By the time the bankers tell you it’s a good idea, it’ll cost $10 million per Bitcoin.” He emphasized that Bitcoin is presently at a “99% discount.”

NEW: Michael Saylor says, “By the time the bankers tell you it’s a good idea, it’ll cost $10 million per Bitcoin.”

It’s at a “99% discount” right now. pic.twitter.com/qaH4pF9xVj

Reiterating his bullish stance, Saylor projected that Bitcoin could reach $150,000 by the end of 2025 and potentially soar to $1 million within the next four to eight years. He attributes this optimistic outlook to increasing institutional adoption, propelled by evolving industry dynamics, innovative investment products, and Strategy’s recent achievement of a B-minus credit rating.

Saylor also highlighted the importance of Strategy’s digital credit instruments, which offer returns of 8-12% to investors, as a significant development in the company’s strategy.

As Michael Saylor continues to advocate for Bitcoin, his strategic decisions and projections for Strategy (MSTR) position the company as a formidable player in the cryptocurrency investment arena. With strong financial results and an optimistic outlook, MSTR is poised for continued growth in the evolving landscape of digital assets.