MicroStrategy Posts Record Operating Profit in Q3 2026

MicroStrategy achieved the highest operating profit in its history during the third quarter of 2026. The total reached $20.91 billion. This result was primarily fueled by accounting gains on the company's Bitcoin holdings.

Net income for the firm reached $19.53 billion. This figure represents $44.75 per diluted share. In the same period of the previous year, net income stood at $2.79 billion.

The company uses mark-to-market accounting for its digital assets. With the rise of Bitcoin during the quarter, the value of the 848,517 units held by the company increased significantly. The average acquisition cost of these assets is $75,446 per unit.

Total revenue for the company fell 3% compared to last year, totaling $125.4 million. This performance fell short of analyst estimates. The company also reported a negative Bitcoin yield of 3.7% per share year-to-date.

To fund preferred dividends and share buybacks, MicroStrategy sold approximately $431.8 million worth of Bitcoin this year. The company raised $21.23 billion in capital throughout 2026 to support its operations and financial strategies.