| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Strategy Inc. (NASDAQ:MSTR) is up 2% on Monday after reporting a $3.9 billion Bitcoin (CRYPTO: BTC) gain in Q3 and breaking a key technical downtrend.
Strategy's Q3 filing showed a $3.89 billion unrealized gain on its Bitcoin position as prices surged toward quarter-end.
The company booked a $1.12 billion deferred tax expense, leaving net results positive but highly sensitive to crypto volatility.
Digital assets stood at $73.21 billion as of Sept. 30, with 640,031 BTC held at a cost basis of $73,983. Purchases in the quarter totaled 42,706 BTC for $4.95 billion.
The company raised $5.09 billion in Q3, split between a $2.47 billion IPO of (NASDAQ:STRC) and $2.62 billion via at-the-market equity programs across its affiliates.
Remaining capacity under its ATM programs is $46.3 billion, highlighting ongoing reliance on markets to expand Bitcoin holdings.
Preferred equity obligations reached $6.6 billion, while convertible debt stood at $8.2 billion principal.
With $6.4 billion due in 2028, refinancing risk remains tied to Bitcoin's performance.
MSTR Key Technical Levels (Source: TradingView)
Technical Analysis: On the chart, Strategy's stock broke above a descending trendline in place since August. The move reclaimed the 20-day EMA at $337.75 and the 50-day EMA at $349.53.
Upside targets are defined by Fibonacci retracements: $387 at the 0.5 level and $423 at the 0.618 level.
RSI at 59.7 suggests momentum remains constructive, with no immediate overbought risk.
Strategy Inc. has quietly become Wall Street's largest Bitcoin balance sheet experiment, bigger than many ETFs in exposure.
Its Q3 filing shows the firm now holds more Bitcoin than the combined reserves of most sovereign treasuries.
By scaling via equity and debt instead of mining, Strategy is rewriting how corporate finance interacts with digital assets.
If Bitcoin ETFs unlock deeper institutional inflows, Strategy stands to benefit as both a proxy and competitor to those vehicles.
The firm's structure now blurs the line between a technology company and a quasi-Bitcoin sovereign wealth fund.
For investors, this raises a bigger question: is Strategy the future template for corporate treasuries in the digital age?
Read Next:
Image: Shutterstock
