Strategy Posts Record $21 Billion in Q3 Operating Profit on Bitcoin Valuation Gain
JH Kim
Summary
- Strategy said it posted a record $21 billion in operating profit for the third quarter.
- It also reported diluted earnings per share (EPS) of $44.75 for the same period.
- The company said valuation gains on its Bitcoin holdings were reflected in the results, affecting both operating profit and earnings per share.
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Strategy, the publicly traded company with the world's largest Bitcoin holdings, posted $21 billion in operating profit for the third quarter, with gains from the rise in the value of its Bitcoin holdings reflected in the results.
Cointelegraph reported on October 29 that Strategy said its third-quarter operating profit reached a record $21 billion.
Diluted earnings per share for the period came in at $44.75.
The results included valuation gains on the company's Bitcoin holdings. Strategy's third-quarter operating profit and earnings per share were affected by the increase in the value of its Bitcoin assets.
JH Kim
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