
Strategy's Profit Falls to $2.8B as Bitcoin Rally Cools
Strategy reported a Q3 profit of $2.8 billion, a sharp drop from the prior quarter, as the company slowed its bitcoin purchases amid a cooling crypto market.
#Strategy#Bitcoin#Corporate Finance
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Strategy reported a Q3 profit of $2.8 billion, a sharp drop from the prior quarter, as the company slowed its bitcoin purchases amid a cooling crypto market.

Strategy has expanded its cryptocurrency holdings, acquiring 390 Bitcoin for $43.4 million. The purchase was financed using preferred stock, avoiding dilution of common shares for the fourth straight

Strategy has increased its Bitcoin holdings to 640,418 BTC, valued at $71.1 billion, after a recent $18.8 million acquisition. The company's total investment in Bitcoin now stands at $47.4 billion, re