Strategy Posts $21B Q3 Gain, Buys $29M in BTC, Repurchases $176M in STRC

Strategy reported a $21 billion gain for Q3, alongside a $29 million Bitcoin purchase and $176 million in repurchases of its STRC preferred shares. The figures underscore the company’s continued use of capital markets to manage its balance sheet while maintaining Bitcoin exposure. The relatively modest BTC purchase compared with the reported gain suggests the headline result was driven primarily by accounting valuation effects, not new accumulation.