[Strategy Reports $2.8 Billion Net Profit in Q3, Plans to Raise Preferred Stock Yield to Boost Market Demand] According to Bloomberg, Strategy achieved a net profit of $2.8 billion in the third quarter, driven by unrealized gains from the increased value of its approximately $69 billion cryptocurrency reserves. Upon releasing its earnings report, the company announced that the yield on its variable-rate Series A perpetual preferred stock will be raised by 25 basis points to 10.5% in November. Co-founder Michael Saylor stated, 'We believe we are at a turning point. As the Bitcoin asset class matures and volatility decreases, our net asset value multiple has been steadily declining.' Since hitting an all-time high in November last year, Strategy's stock price has dropped by approximately 45%, erasing much of the premium the stock had long enjoyed relative to its Bitcoin holdings. Meanwhile, demand for preferred stock has been notably weak. Recent sales have fallen far short of Saylor's ambitious fundraising goals, leading to a slowdown in Bitcoin purchases in recent weeks. Strategy CEO Phong Le stated during a conference call that the company is also exploring international market financing and considering launching an ETF backed by preferred stock. Strategy's annual interest and dividend expenses amount to approximately $689 million. In its latest financial report, the company noted that it did not issue any Class A common stock under its ATM program this month and reiterated its commitment to a prudent approach to raising funds through common stock. Revenue from the company's traditional enterprise software business grew by 11% to $128.7 million.