Strategy Posts $20.9B Q3 Operating Profit on Bitcoin Gains
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin gains drove Strategy’s $20.9 billion third-quarter operating profit, according to The Defiant.
Strategy recorded $20.9 billion in operating profit for the third quarter, with gains in Bitcoin driving the result, The Defiant reported.
The company also spent $2.04 billion repurchasing STRC through Oct. 25. That cutoff extends beyond the third-quarter reporting period.
Dividends on preferred shares totaled $419.6 million during the quarter, a separate outlay from the STRC repurchases.
Source: The Defiant
