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?(Historical earnings: For 2026Q2 (period ended 2026-06-30), Strategy reported basic and diluted EPS of -62.32, net income of USD -20.762 billion, and revenue of USD 0.247 billion. Consensus expectations: For 2026Q4 (event date 2027-02-03), consensus EPS is 12.6696 and consensus revenue is USD 0.127 billion.)