Michael Saylor Sees Next Bitcoin Bull Market Beginning as Strategy Reports $19.5B in Q3 Net Income

Strategy reported $19.53 billion in third-quarter 2026 net income, up from $2.79 billion a year earlier, largely because of a $20.91 billion gain on its bitcoin holdings. Revenue fell 3% year over year to $125.4 million. The company held 848,517 bitcoin as of October 25, valued at $68.9 billion against a $64.02 billion cost basis. Founder and executive chairman Michael Saylor said Strategy was at the beginning of the next bitcoin bull market, while CFO Andrew Kang is resigning November 5 for personal reasons, with no disagreement cited, and will advise through December 31; Reza Virasteh, executive vice president of operations, will become co-principal financial officer January 1 alongside CEO and President Phong Le.