Strategy Posts $2.8 Billion Q3 Profit on Crypto Reserve Gains

The firm attributes earnings to unrealized gains on $69 billion in crypto holdings and plans to lift preferred share yields next month.

Summary

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Terms & Concepts
  • Unrealized Gains: Increases in the value of an asset that have not yet been converted into cash through a sale.
  • Crypto Reserves: Holdings of cryptocurrencies maintained by a company or institution as part of its assets.
  • Perpetual Preferred Shares: A type of preferred stock with no maturity date that pays a fixed dividend, often adjustable under certain conditions.