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Strategy reports quarterly profit on bitcoin gains, shares rise
Strategy posted a profit in the third quarter, compared with a loss a year earlier, as improving sentiment around the cryptocurrency sector benefited the largest corporate holder of bitcoin, sending its shares up nearly 4 per cent after the bell. Until the fourth quarter of 2024, Strategy could only record impairment losses when bitcoin's value fell below its purchase price, while gains from price increases remained unrealized unless the cryptocurrency was sold. U.S. President Donald Trump's focus on the digital asset sector and his pledge to make America the global hub for cryptocurrencies, combined with strong ETF ... (full story)
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