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Microstrategy Earnings: What Future Holds For Largest Bitcoin Holding Company Microstrategy, which continues to be the company with largest Bitcoin holding, is scheduled to report quarterly earnings with investors anticipating any comment on its crypto strategy. The company’s BTC holdings are curren
TITLE: MicroStrategy earnings preview as Bitcoin holdings hit $20.6k price
META: MicroStrategy set to report Q3 results while Bitcoin sits at $20,593 (+0.56% 24h). With 818,334 BTC on its balance sheet and a 50% unrealized loss, investors watch the earnings call for clues on future purchases.
MicroStrategy (ticker MSTR) will release its third‑quarter 2022 earnings after markets close, and analysts will focus on how the company’s 818,334 BTC treasury—valued at roughly $20.6 k per coin—affects its financials, especially after a recent 0.56 % rise in Bitcoin price [1].
| At a glance | |
|---|---|
| Bitcoin price | $20,592.99 (+0.56% 24h) |
| MSTR stock price | $116.56 |
| BTC holdings (latest disclosed) | 818,334 BTC |
| Unrealized loss on BTC | ~50 % of original investment |
The earnings call will be the first opportunity since Michael Saylor stepped down as CEO in August to hear from Executive Chairman Saylor on the firm’s “Bitcoin acquisition strategy” [1]. Under the new Accounting Standards Update (ASU) 2023‑08, unrealized gains and losses on the Bitcoin reserve flow directly into net income, making earnings highly sensitive to price swings [3]. In Q2 2025 the company reported a $14.03 billion unrealized gain that lifted net income to $10.02 billion, illustrating the volatility link [3].
MicroStrategy’s Bitcoin balance has grown dramatically. One source cites 130,000 BTC as of last month, while another reports 632,457 BTC (98 % of total assets) in August 2025, and a third, more recent figure lists 818,334 BTC, making it the world’s largest corporate Bitcoin holder [1][2][3]. The disparity highlights the rapid accumulation pace and the difficulty of pinning a single number down. Regardless of the exact count, the holdings represent roughly $16.8 billion at today’s price, but the company still carries a roughly 50 % unrealized loss on the original purchase price [1].
MSTR shares have fallen 68.93 % over the past year, trading at $116.56 with a market cap near $39.1 billion [2]. The firm funds Bitcoin purchases through equity and preferred‑stock issuances, which dilute existing shareholders. Analysts note an $8.5 billion notional value in the STRC preferred series and a quarterly dividend obligation of $229.53 million that scales with each new issuance [2]. The dilution risk, combined with a hawkish Fed outlook under incoming Chair Kevin Warsh, adds downside pressure to the stock despite the Bitcoin rally [2].
MicroStrategy’s earnings will reveal whether the company’s “flywheel” of Bitcoin purchases can offset dilution and earnings volatility, or if the 50 % unrealized loss continues to weigh on its valuation. The answer hinges on Bitcoin’s price trajectory and the firm’s financing choices.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 30, 2026 · How we report
Strategy reports holding 843,775 Bitcoin, valued at more than $55 billion based on a price of $65,576 per coin.
No, the company has paused Bitcoin purchases for five consecutive periods, focusing on cash accumulation and a preferred‑stock buyback instead.
Strategy has $3.75 billion in cash that it has indicated will not be used for Bitcoin repurchases.
The Bitcoin holdings have incurred an unrealized loss of roughly 50% relative to the total amount spent on acquisition.
The Nasdaq‑listed stock rose about 7% on the day of the buyback announcement but is down nearly 40% year‑to‑date.