4 hours ago
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Key Takeaways
- Strategy reported a $21 billion Q3 gain on digital assets.
- Its BTC holdings reached 848,000 after a 334 BTC purchase.
- The company also used $176 million to repurchase STRC preferred stock.
- Bitcoin, preferred shares and USD liquidity now form one balance-sheet strategy.
Strategy’s October 5 update contains more than another weekly Bitcoin purchase. It shows the company adding to its BTC reserve while using cash to manage the preferred shares and dollar resources that support its long-term ability to hold that reserve.
The $21 billion gain reflects Bitcoin’s changing value
The Q3 figure measures the increase in the value of Strategy’s digital assets during the quarter. It is not the same as $21 billion in operating revenue or cash available for a new purchase, because the company has not converted that gain into cash by selling Bit...
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