What’s going on here?
Strategy Inc blew past Wall Street’s targets in the third quarter of 2025, with bitcoin-driven gains pushing profit up to $2.8 billion and earnings per share to $8.42—both outpacing analyst forecasts.
What does this mean?
Digital assets have become a major force on corporate balance sheets in 2025—and Strategy Inc is leading the way. The company’s third-quarter net income soared above estimates, thanks mostly to surging bitcoin holdings and unrealized gains on its digital asset portfolio. Revenue hit $128.7 million, beating expectations by nearly $10 million and highlighting strong execution. Strategy Inc’s upbeat tone showed in its renewed full-year guidance: $34 billion in operating income, $24 billion in net income, and projected EPS of $80. Its capital-raising playbook worked, too, as $20 billion was raised so far this year while the company eyes global credit expansion. Investors took notice—the stock’s median 12-month price target is $550, around 50% above its October close.
Why should I care?
For markets: Digital assets drive new waves of optimism.
Strategy Inc’s earnings highlight how digital asset exposure can reshape a company’s outlook. Its bitcoin-focused approach delivered impressive cash flow and strong future guidance—an uncommon combo in a traditionally cautious sector. Analyst confidence is high, with almost all covering the stock rating it a buy, and software peers watching closely. With the share price still trailing consensus targets, crypto’s role in corporate strategy could remain a hot topic as more companies try to replicate this edge.
The bigger picture: Earnings season points to digital’s rising tide.
Strategy Inc’s standout quarter is part of a bigger movement: established companies weaving digital asset strategies into their playbooks. As the firm gears up to roll out credit products globally, markets are watching a new breed of financial player—one that merges fintech, crypto, and classic capital markets. If this trend takes hold, the line between corporate treasury and digital investing could get even more blurry, reshaping the rules of the game in global finance.
