Michael Saylor’s MSTR Announces Impressive $3.9 Billion in Bitcoin Gains for Last Quarter
Strategy (MSTR), known for its significant bitcoin investments, reported a substantial quarterly gain. For the third quarter, the company recorded a $3.9 billion increase in its bitcoin holdings. This marks a significant milestone for the firm, led by Executive Chairman Michael Saylor.
Quarterly Financial Overview
As of September 30, the company held digital assets valued at $73.21 billion. This valuation represents a notable increase, with bitcoin prices trending around $124,000. Consequently, MSTR saw approximately $31.4 billion in unrealized gains.
Key Financial Figures
- Unrealized Gain: $3.89 billion
- Deferred Tax Expense: $1.12 billion
- Deferred Tax Liability: $7.43 billion
- Average Purchase Price of Bitcoin: $73,983 per coin
Despite the gains, the company did not expand its bitcoin holdings of 640,000 BTC during the last week. This marks the first pause in acquisitions since April.
Stock Market Response
The announcement influenced market behavior, with MSTR shares rising by 2.5% during premarket trading. This movement coincided with a positive trend in bitcoin prices, which reached $124,500 over the weekend.
Emegypt will continue to monitor developments in cryptocurrency market trends and MSTR’s strategic decisions in digital asset management.
