---
title: "Saylor calls new Bitcoin bull market, but Strategy’s own numbers reveal a costly problem"
url: https://thecoingazette.com/saylor-calls-new-bitcoin-bull-market-but-strategys-own-numbers-reveal-a-costly-problem/
date: 2026-10-31
modified: 2026-10-31
lang: en
author: "Coin Gazette Editorial"
description: "Strategy posted a record $20.9 billion in third-quarter operating income as Michael Saylor declared a new Bitcoin bull market. The company's Oct. 29 financial results showed net income of $19.5..."
categories:
  - "Digital Asset Treasuries"
  - "Featured"
word_count: 77
---

# Saylor calls new Bitcoin bull market, but Strategy’s own numbers reveal a costly problem

Strategy posted a record $20.9 billion in third-quarter operating income as Michael Saylor declared a new Bitcoin bull market. The company's Oct. 29 financial results showed net income of $19.5 billion, compared with roughly $2.8 billion a year earlier. The record operating income came almost entirely from a $20.9 billion gain from changes in the…

[Read the full story on CryptoSlate](https://cryptoslate.com/saylor-calls-new-bitcoin-bull-market-but-strategys-own-numbers-reveal-a-costly-problem/)

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