Shares in Strategy have experienced a surge after hours as the company reported $2.8 billion in net income for its third quarter, exceeding analyst expectations despite a slight dip from the previous quarter. The firm’s earnings per share of $8.42 also surpassed market forecasts of $8.15 for the period ending September 30th. This marked a substantial improvement from the year-ago loss of $340.2 million, though it fell short of its record Q2 income of $10 billion. 6% rise in Strategy shares ($MSTR) was observed after-hours, reaching over $269. The decline from previous trading hours, exceeding a 7.5% drop at the end of the day, highlights the company’s recent struggles due to Bitcoin’s price stagnation around $110,000 for the past six months. Strategy’s stockpile of Bitcoin (BTC) has been key to this surge, and Bitcoin’s growth of over 6.5% during the quarter contributed significantly to its income. However, Bitcoin prices have dipped in the last 24 hours, falling by 1.7%, from an intraday low of under $106,500. The company’s mNAV (modified net asset value) has also fallen, reaching a new record low since early 2023, due to its stock and Bitcoin price fluctuations, dropping from a peak of 3.89x in November following the Trump victory on the US election. Strategy claims it will reach a 30% Bitcoin yield for the full year, with a projected net income of $24 billion, based on their prediction that Bitcoin will reach $150,000. During this quarter, Strategy’s stock market value grew to 640,808 BTC at an average cost of $74,032, demonstrating continued buying power for the firm’s Bitcoin holdings. The company has purchased a significant amount of Bitcoin over the past months, with its total holdings now exceeding 640,808 as of Sunday, according to Strategy’s data, Source: StrategyTracker.