The Bitcoin treasury firm posted substantial unrealized profits while debuting innovative financial products that attracted significant institutional investment.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
3 mins read
Strategy, the world’s largest corporate Bitcoin BTC $125 378 24h volatility: 2.1% Market cap: $2.50 T Vol. 24h: $68.56 B holder, completed $140 million in dividend payments net record gains in Q3, according to its latest 8-K filing with the SEC.
While no new Bitcoin purchases were announced, the firm’s SEC filing reflects changes in the firm’s crypto investing approach.
Strategy reports $3.9 billion in total Bitcoin fair value appreciation in Q3 2025. $MSTR $STRC https://t.co/Tcw67JHCSe
— Michael Saylor (@saylor) October 6, 2025
After Nasdaq moved to tighten rules on how public companies raise capital for cryptocurrency acquisitions, Strategy introduced four new preferred stock instruments: STRC, STRD, STRF, and STRK, all listed on Robinhood on Friday, October 3.
These derivatives products offer institutional investors indirect access to Bitcoin while allowing Strategy to generate new liquidity without traditional fundraising channels.
You can now find all four of our digital credit instruments on Robinhood. $STRC $STRD $STRF $STRK pic.twitter.com/RJXT28hDKn
— Strategy (@Strategy) October 3, 2025
During Q3 2025, Strategy secured $5.09 billion in aggregate net proceeds from a combination of underwritten and at-the-market offerings. Notably, its STRC Initial Public Offering alone raised $2.47 billion, underscoring sustained institutional appetite for Bitcoin-tied financial products.
As of October 6, 2025, Strategy holds 640,031 BTC, valued at $80.03 billion, with an average purchase price of $73,983 per coin, representing a 69% unrealized gain, or approximately $32.7 billion in dollar terms.
Strategy’s total Bitcoin holdings crosses $80 billion, October 6 | Source: SaylorTracker
The company also recorded a $1.12 billion deferred tax expense on $3.89 billion in unrealized Bitcoin gains during Q3. However, a new IRS and Treasury ruling issued on September 30 has given Bitcoin-holding corporations a significant advantage. Under the Interim CAMT Guidance, unrealized crypto gains can now be excluded from the 15% corporate alternative minimum tax (CAMT) calculation.
This regulatory clarity removes a major overhang on Strategy’s balance sheet, ensuring profits on its crypto holdings won’t inflate taxable income until realized. As a result, the firm has stated it no longer expects to be subject to CAMT due to unrealized Bitcoin gains.
With no new BTC purchases made during the week of September 29 to October 5, Strategy (MSTR) stock price rose 1.5% intraday, as Bitcoin price rally to $125,500 propelled its BTC holdings above $80 billion.
With Strategy Inc. reporting $3.9 billion in unrealized Bitcoin gains for Q3 and pushing BTC into a new price discovery phase, investors are rotating toward promising early-stage projects like Best Wallet (BEST), a next-generation multi-chain storage platform offering smart vaults, multi-sig integrations, and yield optimization tools tailored to both retail and institutional users.
Early entrants gain exclusive access to staking rewards, governance privileges, and early mainnet integrations ahead of the project’s public rollout.
Best Wallet Presale
At press time, the Best Wallet presale has surpassed $16.4 million raised. With less than 24 hours remaining before the next price tier, investors can still acquire tokens at $0.0257 via the official Best Wallet website.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.