Saylor calls new Bitcoin bull market, but Strategy’s own numbers reveal a costly problem
0
Strategy reported a record $20.9 billion in third-quarter operating income, driven mostly by a $20.9 billion gain from changes in fair value, with net income of $19.5 billion versus about $2.8 billion a year earlier. Michael Saylor declared a new Bitcoin bull market. Traders should note that the gain is largely accounting-driven rather than operating cash flow.