Strategy Posts $2.8B Q3 Profit as Saylor Expands Bitcoin Push

Michael Saylor is doubling down on his Bitcoin strategy after Strategy Inc. posted a $2.8 billion profit in the third quarter of 2025. Despite the company’s stock dipping, Saylor is focusing on new offshore funding to keep buying more Bitcoin (BTC). 

According to Bloomberg, Strategy also increased the returns on preferred shares to draw in more investors and keep money flowing into the company’s Bitcoin plan. The move is meant to keep interest high even as demand starts to cool. 

Strategy, formerly MicroStrategy, still holds the crown as the biggest corporate investor in Bitcoin. As of October 31, it owned 640,808 BTC, worth about $70.44 billion, bought at an average of $74,032 per coin. 

So far this year, its Bitcoin holdings have earned a 26% return, bringing in around $12.9 billion in profit. If Bitcoin reaches $150,000 by December, Strategy expects a 30% yield and nearly $20 billion in total gains. 

Saylor raises yields to attract offshore investors

Besides increasing profitability, Strategy raised yields on its structured preferred stock products — Strike, Strife, Stride, and Stretch. These offerings now yield between 8% and 12.5%, depending on investor risk appetite. The company also increased the variable-rate STRC dividend to 10.5% for November, up from 10.25% last month.

Saylor emphasized investor value in today’s inflationary environment. “Why chase pennies when you can get 350 basis points more?” he said. Saylor added that the preferred shares’ tax-efficient design allows investors to defer taxes for up to a decade, delivering tax-equivalent yields of 16% to 20%. 

Moreover, Strategy upsized its Stretch offering to $2.52 billion, selling 28 million shares at $90 each with dividends of up to 10%. These returns exceed traditional yields from money market funds and Treasurys, which hover around 4%.

Strategy’s perpetual preferred stock suite

Strategy has launched four distinct perpetual preferred stock offerings in 2025 to fund its aggressive Bitcoin accumulation strategy. Strike (STRK), the first in January, raised $563 million through 2.5 million convertible shares at $100 each, offering an 8% fixed annual dividend and a 10:1 conversion option into common stock (MSTR), appealing to yield-plus-upside seekers.

Issued in March, Strife (STRF) upsized to $711 million via 8.5 million non-convertible shares at $85, provides a 10% cumulative dividend (capped at 18% if delayed) with high seniority and cash redemption triggers, prioritizing income reliability. Stride (STRD), launched in June, targets institutional investors with 2.5 million non-convertible, non-cumulative shares at a 10% discretionary dividend, ranking lowest in payout priority—junior to all others—yet offering stable yield for conservative capital.

Lastly, Stretch (STRC), the largest at $2.52 billion in July, sold over 28 million shares at $90 with a ~9–10% variable monthly dividend and price-stabilization features, senior to Strike and Stride but junior to Strife, designed as a short-duration, money-market-like income vehicle with low volatility. 

Together, these instruments—differing in convertibility, dividend structure, seniority, and payout frequency—form a layered capital stack that has fueled Strategy’s acquisition of tens of thousands of BTC while catering to diverse income-focused investor preferences. 

Bitcoin buys continue despite stock pressure

Strategy acquired 390 BTC last week for $43 million, marking one of its largest recent purchases. The firm made smaller consecutive acquisitions earlier — 196 BTC and 219 BTC — signaling a steady buying pattern. Bitcoin’s price fell 2% in the past 24 hours as of writing to trade at $109,538, according to CoinMarketCap.

MSTR shares fell 7.55% in Thursday trading to $254.57 but rebounded 7.78% after hours to $274.38, according to Yahoo Finance. Despite the slump, Saylor reaffirmed Strategy’s bullish guidance for $24 billion in net income for the full year. “We’re seeing asset inflation accelerate across the board,” he said. “This isn’t a bubble; it’s the new reality of monetary expansion.”

Saylor believes Bitcoin remains the ultimate hedge against inflation. “If your bond yields less than 15%, you’re destroying value,” he said. “Cash? You’re losing 15% a year in real terms.”

Saylor’s latest moves show he’s not slowing down on Bitcoin anytime soon. He’s doubling down on his belief that as inflation eats away at the value of money, Bitcoin will remain Strategy’s safest way to protect and grow its wealth.

Also Read: Coinbase Adds 2,772 BTC Worth $300M in Q3, CEO Armstrong Confirms