Strategy's net profit for the third quarter fell to $2.8 billion, and the growth rate of Bitcoin Holdings has slowed.

Golden Finance reports that the Bitcoin treasury company Strategy (MSTR) saw its net profit drop to $2.8 billion in the third quarter, far below the record $10 billion from the previous quarter, but still slightly exceeding analysts' expectations for earnings per share at $8.42 (expected $8.15). The decline in Bitcoin prices caused its market capitalization/Bitcoin net asset value ratio (mNAV) to fall to about 1.2 times, the lowest since March 2023. During the quarter, the company added approximately 43,000 Bitcoins, totaling 640,000 holdings worth nearly $69 billion, marking the slowest growth in a first quarter this year. Strategy also raised the dividend on its variable interest rate preferred stock STRC to 10.5% to maintain investor demand and continue purchasing Bitcoins.