Strategy's Q3 net profit reached $2.8 billion, and its stock price has fallen 44% from the July high, facing skepticism from investors, and is seeking financing in the international market.

On October 31, according to Bloomberg, Strategy announced its Q3 financial report after the US stock market closed, driven by unrealized gains from its approximately $69 billion in Crypto Assets holdings, achieving a net profit of $2.8 billion for the quarter. Despite Bitcoin reaching an all-time high in the third quarter and dozens of public companies following the reserve model pioneered by Michael Saylor five years ago, investors have begun to question this strategy. Since the stock price hit an all-time high in November last year, Strategy's stock price has fallen by 44.16%, erasing the long-term premium of its stock price relative to Bitcoin holdings over the past few years. Meanwhile, demand in the preferred stock market is lukewarm. Recent fundraising has fallen far short of the sensational effect that Michael Saylor expected, leading to a slowdown in Bitcoin purchasing in recent weeks. CEO Phong Le stated during the conference call that the company is seeking financing in international markets and is considering launching an ETF supported by preferred stocks. MicroStrategy incurs about $689 million in Interest and dividend expenses annually. Possibly influenced by the financial report news, MSTR rose 5.71% after hours.