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Strategy posts $19.5 billion quarterly net income on bitcoin gains

Original: Strategy posts $19.5 billion Q3 net income as preferred shareholders approve daily dividends Strategy reported $19.53 bi

Strategy, formerly MicroStrategy, reported $19.53 billion in net income for the third quarter, driven almost entirely by a $20.91 billion unrealized gain on its bitcoin holdings. Separately, preferred shareholders voted 99.3% in favor of switching to daily dividend payments, a step aimed at broadening the appeal of its preferred stock among income-focused investors.

Why now: The company's huge bitcoin-driven profit and the unusual move to daily dividends highlight how closely its fortunes are tied to crypto markets.

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Evidence

• Strategy posts $19.5 billion Q3 net income as preferred shareholders approve daily dividends Strategy reported $19.53 billion Q3 net income on a $20.91 billion bitcoin gain. Preferred shareholders voted 99.3% for daily dividends. https:// newisty.com/blog/strategy-post… · newisty

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