Strategy reported net income of $19.53 billion for the third quarter of 2026, a sharp increase from $2.79 billion in the same period a year earlier, according to information reported by Wu Blockchain. The company attributed the result largely to $20.91 billion in gains on digital assets. Alongside the earnings, Strategy disclosed that it had sold approximately $431.8 million worth of Bitcoin year-to-date, with the proceeds used to help fund preferred stock dividends and repurchases of its STRC shares.

Digital Asset Gains Drive Quarterly Earnings

Net income climbed from $2.79 billion in Q3 2025 to $19.53 billion in Q3 2026, with digital asset gains of $20.91 billion identified as the primary factor behind the latest quarterly result.

The figures are distinct measures, however, and should not be treated as interchangeable. Net income reflects the company's overall result for the quarter, while the digital asset gains capture the change in value of the assets it holds. Together, they underscore the significant role that changes in the value of Strategy's digital asset holdings can play in its reported financial performance. That pass-through reflects US fair value accounting rules for crypto assets, which require companies to measure digital asset holdings at fair value each reporting period and recognize the changes in net income, a treatment that ties reported earnings directly to the market performance of the assets a company holds.

Strategy Discloses Bitcoin Sales and Holdings

Despite continuing to hold a substantial Bitcoin position, Strategy disclosed that it sold approximately $431.8 million worth of BTC year-to-date in 2026. According to the information shared by Wu Blockchain, the proceeds helped cover part of the company's preferred stock dividend payments and funded repurchases of STRC shares. The disclosure shows the company's Bitcoin treasury being drawn on as a source of funds for obligations tied to its capital structure, including payments to preferred shareholders and repurchases of its own STRC shares.

The sales ran alongside continued accumulation. As of October 25, 2026, Strategy held 848,517 BTC, a 26% year-to-date increase in its holdings, after purchasing $14.33 billion worth of Bitcoin during 2026, a scale that places Strategy among the largest corporate holders of bitcoin.

Taken together, the reported figures show the company continuing to add to its Bitcoin position throughout the year while also selling a portion of its holdings to support specific financial obligations and capital transactions. The approximately $431.8 million in year-to-date sales and the $14.33 billion in purchases are separate reported figures, reflecting different activities within the company's Bitcoin strategy. The October 25 holdings number provides a snapshot of the company's Bitcoin position on that date.

Strategy Announces CFO Transition

Strategy also disclosed a leadership change in its finance department. Chief Financial Officer Andrew Kang is scheduled to step down on November 5, 2026, while Reza Virasteh is set to succeed him on January 1, 2027.

The transition places the finance leadership change alongside the company's reported quarterly earnings, its Bitcoin purchases and sales, and its preferred stock-related transactions. The reported information identifies the departure date for Kang and the planned start date for Virasteh, but does not provide further details about the transition. The two dates leave an intervening stretch of nearly two months, and the reported information does not specify who will oversee the finance function during that period.

Source: Hokanews, citing information reported by Wu Blockchain.