Strategy Posts Record $10B Q2 Profit Led by Bitcoin Holdings

Strategy, led by Michael Saylor, reported a historic second quarter in 2025 with a record $10 billion net income and $14 billion operating profit, driven primarily by its Bitcoin holdings and aggressive accumulation strategy. The firm’s Bitcoin treasury grew to 628,791 BTC, valued at approximately $73 billion, yielding a 25% year-to-date return and over $13 billion in unrealized gains, prompting an increase in annual Bitcoin yield targets to 30% and unrealized gains to $20 billion. Despite these strong financial results, Strategy’s stock declined 1.4% after hours, reflecting a disconnect between its earnings performance and market valuation. To further expand its crypto assets, Strategy announced a $4.2 billion capital raise through its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), with proceeds aimed at purchasing more Bitcoin and covering operational costs. The company’s innovative use of Bitcoin as collateral to issue various preferred stock instruments has become a key financing strategy, including the largest U.S. IPO of 2025 via STRC. Executive leadership emphasized the importance of a clear regulatory framework for digital assets to support the market’s growth and investor confidence.