Strategy Reports Record $10B Profit as Bitcoin Prices Surge

McLean, Virginia-based Strategy (formerly MicroStrategy) reported a record second-quarter profit of $10 billion on Thursday, attributing the strong results primarily to a significant rebound in the value of its substantial Bitcoin holdings.

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Strategy Reports Record $10B Profit as Bitcoin Prices Surge Key Points

Key Points

Bitcoin holdings increased 20% quarter-over-quarter to 597,000 BTC.
Spent an additional $2.5 billion purchasing Bitcoin recently.
Announced a $4.2 billion capital raise through a new perpetual preferred stock offering.

Strong Quarterly Performance
The company reported $114.5 million in second-quarter revenue, a slight 3% year-over-year increase. While profit projections were anticipated due to the previous quarter’s $5.9 billion Bitcoin valuation loss, the rebound was robust. Bitcoin’s price plunged from lows of around $77,000 early in Q2 to a record high exceeding $111,000 towards the end of the quarter.

Strategic Bitcoin Treasury Operations
Strategy remains a leading publicly traded holder of Bitcoin, with a total stake valued at approximately $74 billion. The company’s strategy involves raising capital through various stock and debt offerings to purchase Bitcoin holdings, anticipating potential appreciation as an asset class.

Capital Raising and Policy Outlook
In an SEC filing, Strategy confirmed plans to raise $4.2 billion via its Series C (STRC) perpetual preferred stock offering. Co-founder Michael Saylor stated the company recognizes potential regulatory tailwinds, citing the recent White House crypto report as a positive development. He expressed expectations of continued government enthusiasm for the crypto industry.

Documented Growth
Strategy’s Bitcoin holdings grew by nearly 20% to 597,000 BTC as of the end of Q2, representing the bulk of its value. The company continues its dual focus on fulfilling its long-term Bitcoin accumulation target and managing its existing stock.

(UPDATE July 31, 2025, 4:34 p.m. ET) This story has been updated with headline and additional details regarding the $4.2 billion raise.
(UPDATE July 31, 2025, 5:33 p.m. ET) Further updates added context about CEO/Co-founder Michael Saylor’s comments and the specifics of the preferred stock offering.