Michael Saylor's Strategy Q3 earnings beat estimate

Core Insights - The company reported a significant net income of $2.8 billion for Q3 2025, with diluted earnings per share (EPS) of $8.42, surpassing analyst expectations of $8.15 [1] - As of October 26, 2025, the company holds 640,808 BTC, acquired for $47.44 billion at an average price of $74,032 per coin, achieving a year-to-date BTC yield of 26% and generating $12.9 billion in Bitcoin gains [1][4] Financial Performance - The firm projects FY2025 operating income of $34 billion and net income of $24 billion, equating to $80 per share [2] - Total revenues for the quarter reached $128.7 million, reflecting a 10.9% year-over-year increase and exceeding the projected $118.43 million [2] Bitcoin Strategy - The company achieved a Bitcoin yield of 26.0% year-to-date, approaching its full-year target of 30%, with a BTC gain of 116,555 translating to a $12.9 billion dollar gain based on a BTC price of approximately $110,600 [3] - The total digital assets amount to approximately 640,808 BTC, with a market value of $70.9 billion, indicating a current market price of $110,600 [4] Future Guidance - The company reaffirmed its full-year 2025 Bitcoin key performance indicator (KPI) targets, aiming for a 30.0% BTC yield and a $20 billion Bitcoin dollar gain, assuming a year-end Bitcoin price of $150,000 [5] - The strategy to meet these targets includes preferred stock offerings, disciplined common stock issuance guided by market net asset value (mNAV) thresholds, and continued expansion of Bitcoin holdings [6] - The company emphasized its commitment to transparency regarding the impact of its Bitcoin holdings and capital markets activity on financial performance [7]