No president, no congress, no court, no executive order, no policy, no party, and no election on Earth can change the fact that there will only ever be 21 million bitcoin.
Our Q3 2026 $MSTR Earnings Call covered record financial results, Digital Capital, Digital Equity, Digital Credit, tokenization, and our strategy for the next bull market.
Andrew Kang | Q3 Financial Results
00:01:32 - Q3 highlights: 848,517 BTC, record earnings, and treasury growth
00:06:19 - Capital raising, USD Assets, and balance sheet strength
00:09:31 - Daily dividends approved: $STRC begins November 1
Phong Le | Digital Equity and Digital Credit
00:14:02 - $MSTR as Amplified Bitcoin: Q3 outperformance and Bitcoin Per Share
00:18:44 - Fortress balance sheet, mNAV, and positioning for the next bull market
00:24:45 - Digital Credit growth and $STRC's return to par
00:27:37 - Return of capital and tax-efficient Digital Credit
00:29:22 - Capital framework: USD Assets, Bitcoin monetization, and repurchases
00:33:09 - BTC Hurdle ARR, BTC Breakeven ARR, BTC Floor ARR, and Digital Credit risk modeling
00:41:22 - $STRC performance, institutional adoption, and daily dividends
Michael Saylor | Bitcoin and Digital Capital
00:47:14 - Bitcoin's next bull market, dominance, and the 2028 halving
00:50:05 - Regulatory guidance, banking adoption, and Bitcoin supply dynamics
00:56:01 - Tokenized $MSTR and $STRC: 24/7 global capital markets
01:02:05 - AI disruption and the value of scarce Digital Capital
01:07:19 - Quantum computing, Bitcoin security, and long-term potential
01:15:45 - Bitcoin treasury companies and the expanding Digital Credit ecosystem
01:20:12 - Digital Capital, Digital Credit, Digital Equity, and Strategy's central bank vision
Live Q&A
01:28:03 - Andrew Harte, BTIG: How does a stronger balance sheet change Strategy's next bull market playbook?
01:32:20 - Khing Oei (@khingoei): Equity ATM issuance, mNAV, capital allocation, and scaling institutional demand for $STRC?
01:36:14 - Alex Thorn (@intangiblecoins), Galaxy: Plans for $STRF, $STRD, $STRK, and $STRE?
01:40:41 - Pete Christiansen, Citi: Does Bitcoin financialization introduce leverage and counterparty risk?
01:48:25 - Scott Melker (@scottmelker): Tokenized $MSTR and preferreds, U.S. access, and Strategy's plans for tokenization?
J.P. Morgan Asset Management’s base case projects Bitcoin to outperform U.S. stocks, bonds and gold over the next decade. Wall Street is doing the math.
Strategy has repurchased $193M of $STRC and acquired 267 $BTC. As of 10/18/26, we hold 848,517 BTC and $5.3B of USD Assets. We have also increased the size of our Digital Credit Securities Repurchase Program from $2.0B to $3.0B. $MSTR https://t.co/ea29gd1OO5
If I was @YouTube
I would implement a policy that doesn't allow you to comment on a video unless you pay
Hook up lightning wallets to every account
Charge 2 sats per comment
Take 1 sat for yourself
Give the other 1 sat to the creator
Spam problem solved over night