Bullish
MicroStrategy's stock rises 2% after reporting $20.9 billion digital asset gain
MicroStrategy's stock increased by 2% in premarket trading following the announcement of a $20.9 billion gain on digital assets for the quarter ending September 30, 2026. The company also acquired 334 bitcoins for $28.7 million and repurchased 1.77 million shares of preferred stock for $176.3 million. Additionally, a deferred tax asset reversal reduced the estimated tax expense to $1.88 billion from about $6 billion.
Key points
- MicroStrategy reports a $20.9 billion gain on digital assets for Q3 2026.
- Company acquires 334 bitcoins for $28.7 million, increasing holdings to 848,000 BTC.
- Repurchases 1.77 million preferred shares for $176.3 million, signaling confidence.
- Deferred tax asset reversal lowers estimated tax expense to $1.88 billion from $6 billion.
Sources
AI-generated from public news sources. Not financial advice.
