Strategy (MSTR), the pioneering bitcoin treasury company, posted $3.9 billion in gains on its BTC holdings for Q3, coinciding with a weekend rally that pushed bitcoin to new record highs.
Executive Chairman Michael Saylor confirmed that the company did not add to its roughly 640,000 BTC stack last week—the first pause in weekly purchases since April.
With an average purchase price of $73,983 per bitcoin, Strategy’s holdings are now valued at approximately $78.7 billion, translating to around $31.4 billion in unrealized gains.
Financial Highlights
For the quarter ended September 30, Strategy reported an unrealized gain of $3.89 billion and a deferred tax expense of $1.12 billion. Its digital asset carrying value stood at $73.21 billion, with a related deferred tax liability of $7.43 billion.
MSTR shares rose 2.5% in premarket trading, tracking bitcoin’s surge to $124,500.

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