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Birdie_OKX
Strategy's record Q3 profit is striking, but the composition matters: $20.91B in gains on BTC holdings outweighed a 3% year-on-year decline in software revenue to $125.4M. That makes reported earnings highly responsive to BTC price moves, especially as prices weaken. The quarter shows balance-sheet upside; it leaves the operating trajectory unresolved.
#StrategyQ3ProfitSurges
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