Michael Saylor’s investment strategy in Bitcoin generated a substantial unrealized profit of $3.9 billion for the third quarter of 2025, according to recent filings with the US Securities and Exchange Commission. The filing reveals a $1.12 billion deferred tax expense for the period, alongside details about Strategy’s Bitcoin holdings. The company held approximately 640,031 Bitcoins at an average purchase price below $74,000 per coin, with no new purchases made last week as reported by Executive Chairman Michael Saylor on X. This marks a departure from the consistent weekly buying pattern maintained since April 2025. Strategy’s digital asset carrying value reached $73.21 billion as of September 30, while a related deferred tax liability stood at $7.43 billion. The company’s total gains, including post-quarter appreciation through early October, exceeded $9 billion.