Record Profits and European Expansion Amid Market Volatility

While Strategy Inc.'s stock price experienced significant pressure in early November, the underlying financial performance tells a strikingly different story. The Bitcoin-focused enterprise reported extraordinary third-quarter 2025 results that shattered expectations, demonstrating robust fundamental strength even as share values fluctuated.

On October 30, 2025, Strategy released quarterly figures that far surpassed even the most optimistic projections. The company generated a net profit of $2.8 billion, with diluted earnings per share reaching $8.42. This represents a dramatic reversal from the same period last year, when Strategy recorded a loss of $432.6 million. Driving this performance was an operating income of $3.9 billion, primarily fueled by unrealized gains from the company's substantial Bitcoin holdings.

The corporation now safeguards 641,205 Bitcoin—representing over three percent of all coins ever mined. Since the beginning of the year, Bitcoin returns have reached 26 percent, with profits from cryptocurrency holdings totaling $12.9 billion. The total value of Strategy's Bitcoin treasury stands at $47.5 billion.

CEO Phong Le emphasized the company's strengthened position: "We have enhanced our status as the world's premier Bitcoin treasury enterprise. Our holdings now exceed 640,000 Bitcoin, and we've raised $20 billion this year alone through our capital markets platform."

Strategic European Market Entry

November 3 marked another significant strategic move with the announcement of Strategy's first euro-denominated security. The company is issuing 3.5 million Series A preferred shares (STRE) at €100 each, specifically targeting institutional investors across the European Economic Area and United Kingdom.

The offering features compelling terms: a 10 percent annual dividend payable quarterly. Should dividend payments be deferred, the rate increases by 100 basis points each quarter, up to a maximum annual rate of 18 percent. Proceeds will be directed toward additional Bitcoin acquisitions and working capital requirements.

Should investors sell immediately? Or is it worth buying Strategy?

The financial institutions coordinating the offering read like a roster of global finance leaders: Barclays, Morgan Stanley, and Moelis & Company—a clear indicator of institutional confidence in Strategy's business model.

Market Dynamics and Corporate Response

Despite these strong fundamentals, market sentiment turned cautious on November 4, when Strategy shares declined 6.68 percent to reach their lowest level since April. This movement coincided with Bitcoin briefly falling below the psychologically significant $100,000 threshold, highlighting the continued close correlation between Strategy's stock performance and Bitcoin's price volatility—a key consideration for investors.

Simultaneously, Strategy announced multiple at-the-market offering programs, including up to $15.85 billion in common stock and various preferred instruments. These initiatives provide maximum flexibility for future Bitcoin acquisitions as opportunities arise.

Maintaining Ambitious Outlook

Strategy reaffirmed its full-year 2025 guidance, projecting $34 billion in operating profit, $24 billion net income, and $80 earnings per share. These forecasts assume a Bitcoin price of $150,000 by year-end.

Executive Chairman Michael Saylor outlined the company's vision: "Strategy has built over $71 billion in transparent, scalable collateral. This establishes us as the leading issuer of digital securities with a comprehensive portfolio spanning the entire yield and volatility spectrum."

With its recently assigned S&P credit rating of 'B-' and the new euro-denominated offering, Strategy is accessing new investor demographics—institutional investors worldwide seeking Bitcoin exposure through traditional financial instruments. Whether the current stock weakness represents a buying opportunity or cautionary signal ultimately depends on one crucial factor: where Bitcoin will trade as 2025 concludes.