MicroStrategy (MSTR) preliminarily estimated a $20.91 billion gain on its digital assets for the third quarter ended September 30, 2026. The company disclosed the estimate in an SEC filing.
The filing reported an approximate $4.12 billion income tax benefit from reversing a deferred tax asset valuation allowance. The reversal reduced estimated deferred tax expense on the asset gains to $1.88 billion from about $6.00 billion.
MicroStrategy purchased 334 bitcoins for $28.7 million between October 1 and October 4. The purchase brought its total holdings to 848,000 BTC.
The company also repurchased 1.77 million shares of its STRC preferred stock for $176.3 million in late September and early October.