Strategy’s Q3 Bitcoin Gain Surpasses Meta’s Operating Income
- Strategy reported a $20.91 billion gain in Q3 from its Bitcoin holdings, surpassing Meta’s $19 billion operating income.
- Despite the Q3 gain, Strategy remains $1.87 billion down on digital assets for the first nine months of the year.
- The company needs Bitcoin to hold about $85,750 by December to end the year positively.
- As of October, Strategy’s Bitcoin holdings stand at exactly 848,000 BTC after purchasing an additional 334 BTC.
Strategy’s significant Q3 gain was primarily due to a substantial increase in Bitcoin‘s market value during that period, contrasting with earlier losses in Q1 and Q2. The company’s financial outcome for the year hinges on maintaining a specific Bitcoin price by year’s end.
The third-quarter rally brought Strategy closer to breaking even for the year, but it still requires Bitcoin to rise slightly more to close its financial gap by December. (Source)
