Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger
Published . Updated .
Key takeaways
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Strategy entered this Q3 2026 release with a bruised share chart over the past month, yet the stock jumped 3.7% today to US$135.63. That reaction sits against a quarter defined by one thing above all else: a huge profit swing powered by Bitcoin fair value gains that pushed net
Directly affected
- MSTR Strategy-21.8% 30d
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust-11.2% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.
- COIN Coinbase Global-31.4% 30d
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- MARA MARA Holdings-6.2% 6d
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- RIOT Riot Platforms-52.5% 30d
Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- ABTC American Bitcoin-10.7% 30d
American Bitcoin (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| MSTR | +7.12% | -3.72% | base | after close | after close | after close | after close |
| IBIT | +4.77% | -1.52% | base | after close | after close | after close | after close |
| COIN | +11.73% | -1.44% | base | after close | after close | after close | after close |
| MARA | +2.51% | -5.85% | base | after close | after close | after close | after close |
| RIOT | +3.28% | -8.77% | base | after close | after close | after close | after close |
| ABTC | +20.66% | -0.15% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger Yahoo Finance
Source: Yahoo Finance
The price since 4 Nov 2026: iShares Bitcoin Trust ETF (IBIT) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| ABTC | three days earlier | -0.15% | final price |
| ABTC | five days earlier | +20.66% | final price |
| Coinbase Global (COIN) | three days earlier | -1.44% | final price |
| Coinbase Global (COIN) | five days earlier | +11.73% | final price |
| iShares Bitcoin Trust ETF (IBIT) | three days earlier | -1.52% | final price |
| iShares Bitcoin Trust ETF (IBIT) | five days earlier | +4.77% | final price |
| MARA Holdings (MARA) | three days earlier | -5.85% | final price |
| MARA Holdings (MARA) | five days earlier | +2.51% | final price |
| Strategy (MSTR) | three days earlier | -3.72% | final price |
| Strategy (MSTR) | five days earlier | +7.12% | final price |
| Riot Platforms (RIOT) | three days earlier | -8.77% | final price |
| Riot Platforms (RIOT) | five days earlier | +3.28% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 78 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around iShares Bitcoin Trust ETF (IBIT)
Companies tied to this story
- IBIT iShares Bitcoin Trust ETF
For “Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story
- MSTR Strategy
For “Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- COIN Coinbase Global
In “Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger,” Coinbase Global (COIN) is linked, with no stored direction, medium confidence. Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- MARA MARA Holdings
MARA Holdings (MARA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger.” Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- RIOT Riot Platforms
In “Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger,” Riot Platforms (RIOT) is linked, with no stored direction, medium confidence. Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
iShares Bitcoin Trust ETF (IBIT)
“Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger” (4 Nov 2026) reaches iShares Bitcoin Trust ETF (IBIT) through this story.
What ties iShares Bitcoin Trust ETF (IBIT) to the headline is this: iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story
Also listed, Strategy (MSTR): Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
Price levels for iShares Bitcoin Trust ETF (IBIT)
COIN traded between 135.46 and 192.80 across 20 sessions. The latest close on file is 137.85. IBIT traded between 43.03 and 49.09 across 20 sessions. The latest close on file is 43.35. MSTR traded between 124.29 and 168.72 across 20 sessions. The latest close on file is 130.76.
A simple score for iShares Bitcoin Trust ETF (IBIT)
40 out of 100
“Strategy (MSTR) Q3 Earnings Ride Bitcoin Windfall As Funding Risks Linger” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.