Strategy Q3 revenue falls 3%, misses analyst estimates
MSTR•Strategy's third-quarter revenue fell 3% year over year to $125.43 million, below the $127.17 million analyst estimate. Diluted EPS was $44.75, beating the $8.17 estimate, with results driven by a $20.91 billion gain on digital assets.
1. Quarterly results
Strategy reported third-quarter revenue of $125.43 million, down 3% year over year and below the $127.17 million analyst consensus. Diluted EPS was $44.75, compared with an $8.17 consensus estimate; results were driven by a $20.91 billion gain on digital assets.
2. Bitcoin and capital
The company increased its bitcoin holdings by 26% year to date and raised $5.41 billion in equity capital during the quarter, enabling further bitcoin purchases. Strategy expects preferred equity distributions to be treated as non-taxable returns of capital for more than 10 years.
