Strategy stock reports a USD 20.91 billion Q3 bitcoin gain

Published on 10/05/2026 at 18:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Strategy stock's Q3 digital-asset gain reached USD 20.91 billion on October 5, 2026. Holdings rose to 848,000 bitcoin, while analysts cited a USD 258 target.

Strategy, US5949724083, Illustration mit AI erstellt.

Strategy (ISIN US5949724083) was trading at USD 162.04 on Nasdaq on October 5, 2026, up 1.27 percent at 12:03 p.m. ET. The company reported an estimated USD 20.91 billion gain on digital assets for the quarter ended September 30, 2026, according to TradingView.

Digital assets reverse quarterly loss

The gain marks a sharp accounting reversal for Strategy because changes in the fair value of its bitcoin holdings flow through earnings. Bloomberg reported that the company returned to profitability for the first time in four quarters after the digital-asset gain.

The swing is visible against the second quarter of 2026, when Strategy posted a net loss of USD 8.22 billion, driven by an USD 8.32 billion unrealized digital-asset loss, Quartz reported on October 5, 2026. The comparison shows why Strategy's earnings can change far more sharply than its software revenue.

Bitcoin holdings reach 848,000

Strategy held 848,000 bitcoin as of October 4, 2026, with an aggregate purchase price of USD 63.97 billion, according to TradingView. The filing summary also described USD 1.88 billion of associated deferred tax expense and preferred-share repurchases totaling USD 176.3 million across the cited periods.

The company therefore combines a large digital-asset exposure with a capital structure that includes preferred securities. That structure amplifies the importance of bitcoin valuation changes, while the Q3 gain does not represent recurring software operating income.

Analysts see a higher target

MarketBeat reported on October 2, 2026, that 18 analysts covered Strategy, with a Moderate Buy consensus and an average price target of USD 258.00. The same report said Citigroup raised its target to USD 240.00 from USD 136.00, while Barclays lifted its target to USD 160.00 from USD 125.00.

Against the USD 162.04 Nasdaq price on October 5, 2026, the USD 258.00 consensus target lies 59.2 percent above the price. The gap reflects the market's expectation of further bitcoin-linked value creation, but it also leaves the stock exposed to a reversal in digital-asset prices.

Strategy stock trades below yearly high

Strategy stock was trading at USD 162.04 on Nasdaq on October 5, 2026, with a market capitalization of USD 53.6 billion. Its 52-week range was USD 81.81 to USD 365.21, placing the quoted price 55.6 percent below the high.