Bitcoin-Boosted Earnings: MicroStrategy Surpasses Q3 Estimates with $70.9B BTC Holdings

MicroStrategy, now rebranded as 'Strategy,' has delivered a stellar third-quarter performance, exceeding analyst expectations with an EPS of $8.42 (vs. $7.90 forecast) and revenue growth of 11% YoY to $128.7 million. The company's substantial Bitcoin holdings—640,808 BTC valued at ~$70.9 billion—were the primary driver of this success. This report underscores Bitcoin's growing role in corporate treasury strategies and its potential to amplify financial performance. As of November 2025, MicroStrategy's bullish bet on BTC continues to redefine traditional earnings narratives in the digital asset era.

MSTR Earnings Surpass Estimates Driven by Bitcoin Holdings

MicroStrategy (MSTR), now rebranded as Strategy, reported third-quarter earnings that exceeded analyst expectations, with EPS reaching $8.42 against forecasts of $7.90. Revenue climbed 11% year-over-year to $128.7 million, outperforming consensus estimates of $116.35 million. The company attributed its robust performance primarily to gains from its substantial Bitcoin holdings, which now total 640,808 BTC valued at approximately $70.9 billion.

Strategy's bitcoin portfolio yielded a 26% return year-to-date, contributing to a $12.9 billion unrealized gain. Management remains bullish, reaffirming ambitious full-year 2025 targets including $34 billion in operating income and $80 EPS. The firm has raised $20 billion in capital markets this year, earmarked for further Bitcoin acquisitions at an average cost basis of $74,032 per coin.

Tech Giants Gain Ground in Crypto Despite Market Fluctuations

Michael Saylor's MicroStrategy reaffirmed its bullish Bitcoin stance with a Q3 2025 earnings report showcasing $3.9 billion operating income and 640,808 BTC holdings. The company's shares ROSE 3% post-announcement, trading at $261 after peaking at $267.

While traditional tech earnings disappointed, crypto-focused firms demonstrate resilience. MicroStrategy's $20 billion Bitcoin accumulation target for 2025 signals institutional conviction, with no apparent sell pressure from its $70 billion BTC treasury.

Strategy Reports $2.8B Q3 Profit Fueled by 640K Bitcoin Holdings

Strategy's third-quarter earnings surged to $2.8 billion, with diluted earnings reaching $8.42 per common share. The company's stock (MSTR) climbed 3% in after-hours trading to $262 following the announcement, extending its 1,400% rally since pivoting to Bitcoin treasury operations in 2020.

The firm solidified its position as the world's largest corporate Bitcoin holder among public companies, amassing 640,000 BTC worth approximately $68 billion. Last week alone, Strategy deployed $43 million to acquire 390 additional Bitcoin, demonstrating continued conviction despite market volatility.

Over 200 corporations have followed Strategy's lead in adopting Bitcoin treasury strategies, according to industry trackers. The company's earnings report underscores how Bitcoin adoption is transitioning from speculative investment to institutional balance sheet strategy.

Coinbase Stock Surges on Strong Q3 Earnings, Fueled by Crypto Trading Boom

Coinbase shares jumped 4% in after-hours trading to $341 as the crypto exchange posted third-quarter revenue of $1.9 billion, surpassing analyst estimates by $100 million. Net profit reached $433 million ($1.50 per share), significantly outperforming the projected $1.10 per share.

Transaction revenue soared 37% quarter-over-quarter to $1 billion, driven by $295 billion in total trading volumes. The rally coincided with Bitcoin's record-breaking price performance, which reignited interest across both retail and institutional sectors. Institutional trading volume grew 22% sequentially to $236 billion, bolstered by Coinbase's strategic acquisition of derivatives platform Deribit.

Bitcoin Retreats to $108K Amid US-China Trade Policy Shift

Bitcoin's price tumbled 4% to $108,398 as markets reacted to sudden US tariff reductions on Chinese goods. The selloff coincided with a bilateral agreement struck during President Trump and Xi Jinping's meeting in South Korea, triggering broad crypto market declines exceeding 4%.

The revised trade terms slash US tariffs on Chinese merchandise from 57% to 47%, with particular concessions on fentanyl-related products. Analysts note Bitcoin has retested critical support between $107,000-$108,000 while flashing oversold signals - the RSI plunged to 29.36 during the downturn.

Market participants interpreted the policy shift as a risk-on trigger, rotating capital from crypto to traditional assets. The selloff reflects crypto's growing sensitivity to macroeconomic developments, particularly US-China relations that dominated 2024's trade landscape.

Nordea to Enable Bitcoin ETP Trading in Landmark Move for European Finance

Nordea, one of Europe's largest financial institutions with €648 billion in assets, will begin offering Bitcoin ETP trading to its clients starting December 2025. The bank's execution-only service will provide access to a synthetic Bitcoin ETP from CoinShares through standard investment accounts, bypassing the need for crypto wallets.

The decision follows the full implementation of the EU's Markets in Crypto-Assets (MiCA) regulation in December 2024. MiCA establishes the first comprehensive legal framework for digital assets across the bloc, creating regulatory certainty for institutional players. "This marks a significant step in cryptocurrency's journey toward mainstream financial acceptance," observed one market analyst.

Nordea's move signals growing institutional confidence in Bitcoin as an investable asset class. By offering exposure through traditional investment accounts, the bank eliminates technical barriers that previously deterred conservative investors. The synthetic ETP structure provides regulated exposure without direct cryptocurrency custody.