Michael Saylor’s Strategy (NASDAQ: MSTR ) released its third-quarter earnings after the market closed on Oct. 30, with net income of $2.8 billion.
Diluted earnings per share (EPS) came in at $8.42, beating analysts’ expectations of $8.15. As of October 26, 2025, Strategy had 640,808 BTC, acquired for a total of $47.44 billion at an average price of $74,032 per share. coin.
The company reported a year-to-date Bitcoin dividend of 26%, generating $12.9 billion in gains amid the ongoing 2025 crypto bull market.
Looking ahead, Strategy expects full-year 2025 operating earnings of $34 billion and net income of $24 billion, or $80 per share. stock – highlighting its transformation from a business intelligence firm to a de facto corporate Bitcoin investment vehicle.
Total revenue for Q3 reached $128.7 million, up 10.9% year-over-year and above the $118.43 million analysts were expecting.
The firm’s Bitcoin holdings have already produced gains of 116,555 BTC by 2025, which equates to $12.9 billion in dollars based on an average BTC price of around $110,600 per
Michael Saylor is the epitome of a bitcoin bull
Michael Saylor recently said on Money 20/20: “When the bankers tell you it’s a good idea, it’s going to cost $10 million per Bitcoin.” He added that Bitcoin is currently at a “99% discount.”
And Saylor’s public discourse toward bitcoin supports this belief. Saylor reiterated his bullish view on Bitcoin, projecting $150,000 by the end of 2025 and up to $1 million within four to eight years.
He cited growing institutional adoption, driven by industry shifts, new investment products and Strategy’s recent B-minus credit rating, as key catalysts.
Saylor highlighted Strategy’s digital credit instruments that offer 8-12.5% ​​returns, tax-efficient returns and tailored risk profiles. He noted increasing acceptance of Bitcoin by major US banks and praised supportive regulatory policies.
Strategy with a Trillion-Dollar Bitcoin Balance
In a recent interview with Bitcoin Magazine, Michael Saylor outlined his ambitious vision for the strategy: building a trillion-dollar Bitcoin balance sheet to transform global finance.
Saylor sees his firm — and potentially other Bitcoin finance companies — accumulating massive Bitcoin holdings, leveraging the cryptocurrency’s historic 21% annual appreciation to boost capital growth.
Central to his plan is the creation of Bitcoin-backed credit markets that offer returns significantly higher than traditional fiat debt. By overleveraging capital, Saylor argues the system could be safer than AAA corporate debt while providing healthier returns to investors.
This approach, he suggests, could revitalize credit markets worldwide and offer alternatives to the low-yield bonds that dominate Europe and Japan.
Saylor also envisions Bitcoin becoming embedded across corporate, bank and government balance sheets, gradually turning traditional stock indexes into indirect Bitcoin vehicles.
This integration could boost public companies, redefine savings accounts and money market funds, and allow tech giants like Apple and Google to bring hundreds of millions into the digital economy.
Those interested in learning more about Strategy’s earnings report can view in detail here.