Michael Saylor, co-founder and executive chairman of Strategy Inc., announced on Monday that the company recorded an impressive $3.9 billion unrealized gain from its Bitcoin holdings in the third quarter of this year.

On Saturday, Bitcoin (BTC) achieved a remarkable milestone, hitting an all-time high of $125,000 as the amount of Bitcoin on exchanges fell to its lowest levels in six years. Despite this surge, Saylor’s firm chose to refrain from making new BTC purchases this week.

On social media platform X, Saylor noted that rather than acquiring more Bitcoin, the company is focused on showcasing its impressive returns. “No new orange dots this week — just a $9 billion reminder of why we HODL,” he shared, presenting a chart where the orange dots symbolize the company’s Bitcoin purchases.

Currently, Saylor’s firm maintains a Bitcoin reserve of 640,031 BTC, with an average acquisition cost below $74,000 per coin. This cache is estimated to be valued at approximately $79 billion based on the current market price of Bitcoin.

Image Source: Michael Saylor

According to a recent SEC filing, Strategy reported $3.89 billion in unrealized gains on its digital assets for the third quarter of 2025, along with a $1.12 billion deferred tax liability.

When accounting for Strategy’s $5.8 billion gain after the end of the quarter, the company’s total gains topped $9 billion — a figure Saylor highlighted in his post on X.

As of September 30, the carrying value of the firm’s digital assets was $73.21 billion, with associated deferred tax obligations amounting to $7.43 billion. This reveals the substantial increase in value of the company’s Bitcoin investments amid the cryptocurrency’s rise above $125,000.

Historically, Saylor has established a reputation as Bitcoin’s most persistent corporate buyer, often making purchases at or near Bitcoin’s peaks. Interestingly, the recent pause in buying has sparked conversations among crypto traders online, with some questioning the wisdom of buying at highs.

Regardless of the pause, Strategy’s Bitcoin holdings remain incredibly profitable. Data indicates that the firm’s Bitcoin investments have surged by 68% overall, underscoring the effectiveness of its long-term accumulation approach.