Strategy's Oct. 5 filing puts the Q3 fair-value gain on its bitcoin at $20.91 billion, which the company stacked above Meta's latest $19 billion operating income on its own chart.
That is mark-to-market on coins it already held. BTC went from about $58,625 on June 30 to about $83,624 on Sept. 30.
Q1 and Q2 losses of $14.46 billion and $8.32 billion still leave it about $1.87 billion underwater on digital assets for 2026.
The treasury now sits at 848,000 BTC.

That is mark-to-market on coins it already held. BTC went from about $58,625 on June 30 to about $83,624 on Sept. 30.
Q1 and Q2 losses of $14.46 billion and $8.32 billion still leave it about $1.87 billion underwater on digital assets for 2026.
The treasury now sits at 848,000 BTC.
