Mmastodon BusinessCrypto first seen 3 h ago, last 1 h ago, peak #3
Strategy Inc. posts first profitable quarter in four periods on Bitcoin gains
Original: Fair-value accounting just handed Strategy Inc. its first profitable quarter in four periods, thanks to a $21B unrealize
Strategy Inc. reported its first profitable quarter in four periods, driven by a $21 billion unrealized Bitcoin gain for the quarter ended September 30. Bitcoin rose 43% from a year earlier, and fair-value accounting rules now require digital asset swings to flow through earnings. Commenters note the boost is on paper only and say the rule creates relentless volatility in reported results, raising questions about how meaningful the profit really is.
Why now: The company's earnings swung to a profit purely from accounting treatment of its Bitcoin holdings, sparking debate over whether such gains reflect real performance.
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