By James Van Straten, AI Boost|Edited by Stephen Alpher
Updated Oct 6, 2025, 1:24 p.m. Published Oct 6, 2025, 12:29 p.m.

- Michael Saylor’s Strategy (MSTR) Reported $3.9 billion in fair value appreciation of its bitcoin holdings in the third quarter.
- For the first time since April, the company did not add to its bitcoin holdings in the previous week.
- Shares were ahead 2.5% in premarket trading.
With the third quarter now fully in the books, the original bitcoin treasury company Strategy (MSTR) reported a $3.9 billion gain on its mammoth holdings of BTC for that three month period.
Alongside, the compnay confirmed what had been teased by its Executive Chairman Michael Saylor over the weekend — that it did not add to its 640,000 stack last week — the first time since April that it did not do so.
STORY CONTINUES BELOW
Strategy’s average purchase price across its bitcoin holdings is $73,983 per coin. With bitcoin’s current price around $124,000 those holdings are now valued around $78.7 billion, representing roughly $31.4 billion in unrealized gains.
For the quarter ended Sept. 30, the company announced an unrealized gain of $3.89 billion on its digital assets, along with a deferred tax expense of $1.12 billion.
As of Sept. 30, the company’s digital asset carrying value stood at $73.21 billion, with a related deferred tax liability of $7.43 billion.
MSTR shares rose 2.5% in premarket trading alongside bitcoin’s weekend gains to the current $124,500.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
Sep 9, 2025
Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
What to know:
- Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
- Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platform
- Open interest across centralized derivatives exchanges rose 4.92% to $187 billion
More For You
By Helene Braun, AI Boost|Edited by Stephen Alpher
25 minutes ago

The new GalaxyOne platform offers 4%–8% yields and unified trading across crypto, stocks and ETFs.
What to know:
- The GalaxyOne platform allows users to earn yield on cash deposits and trade both crypto and traditional equities.
- The launch positions Galaxy Digital as a competitor to Robinhood and Coinbase in the U.S. retail investing market.
- GLXY shares were higher by 8% in premarket action.