Strategy (MSTR) will post a profit for the second quarter in a row in the third quarter thanks to a rise in the price of bitcoin (BTC). That would again qualify the company for potential S&P 500 inclusion. According to Jeff Walton, Chief Risk Officer of Strive, Strategy will have earned about $2.9 billion, or $10 per share thanks to bitcoin's move from about the $107,000 level to $114,000 at quarter's end. Over the past four quarters, MSTR will have earned roughly $22.80 per share.

The analysis factors in an estimated deferred tax liability of $970 million, leaving a net income estimated at $2.9 billion. The analysis concludes with an estimated trailing twelve-month earnings per share (EPS) of $22.8, reflecting positive EPS in Q2 and an estimated positive EPS in Q3 2025 ($32.6 and $10.1,

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