Strategy Nets $10B in Q2 Profit as Bitcoin Gains Fuel Record Earnings
MicroStrategy (MSTR), now rebranded as “Strategy” and the largest publicly traded holder of bitcoin, reported $10 billion in net income for Q2 2025, driven by a 30% surge in BTC prices over the quarter. Operating income came in at $14 billion, or $32.60 per diluted share.
CFO Andrew Kang highlighted that the company’s year-to-date bitcoin yield has hit 25%, meeting its annual goal months ahead of schedule. “Our BTC gains now exceed $13 billion,” he said, attributing the sharp earnings growth to bitcoin’s rally through the second quarter.
The company continued to expand its bitcoin treasury under the leadership of Executive Chairman Michael Saylor, acquiring additional BTC using proceeds from recent equity offerings. As of July’s end, Strategy’s bitcoin holdings had climbed to 628,791 BTC.
Looking ahead, Strategy raised its full-year forecast, now expecting $24 billion in net income and $34 billion in operating income—based on a year-end BTC price target of $150,000. The firm also increased its BTC yield goal to 30%.
MSTR shares edged higher in after-hours trading to $408.25 and are up 34% year-to-date.
