Saylor Predicts Bitcoin Bull Run Amid Strategy's Q3 Gains

Michael Saylor, founder and executive chairman of Strategy, has declared that the next Bitcoin bull market is already underway. This optimism comes as Strategy reported a substantial third-quarter net income of $19.53 billion, a significant increase from $2.79 billion in the previous year. The primary driver for this surge was a $20.91 billion gain realized from the company's extensive Bitcoin holdings.

Despite the impressive net income, Strategy's revenue saw a slight decline of 3% year-over-year, reaching $125.4 million. The company held 848,517 Bitcoin as of late October, valued at $68.9 billion, with an average purchase price around $75,446 per coin. While Strategy has increased its Bitcoin holdings by 26% in 2026, its Bitcoin yield is currently negative.

Saylor pointed to several factors supporting his bullish outlook, including increasing bank adoption of Bitcoin, growing dominance among digital assets, renewed institutional interest, and Bitcoin's price trading above its 200-week moving average. He also highlighted the growth of digital credit, where Strategy holds a significant market share. In a separate development, Strategy's Chief Financial Officer, Andrew Kang, is stepping down, though the company stated it is unrelated to operational disagreements.