Strategy Reports $14.05 Billion Bitcoin Unrealized Gain

The world’s largest corporate holder of Bitcoin, MicroStrategy (ticker: MSTR), reported $14.05 billion in unrealized gains on its digital asset holdings for the second quarter of 2025, according to a filing submitted to the US Securities and Exchange Commission (SEC).

As of June 30, 2025, MicroStrategy’s digital asset carrying value stood at $64.36 billion, accompanied by a related deferred tax liability of $6.31 billion.

An excerpt from Strategy’s Form 8-K. Source: SEC

Despite these substantial gains, MicroStrategy paused its scheduled Bitcoin purchases last week. Following its acquisition of 4,980 BTC, the company’s total Bitcoin holdings remained unchanged at 597,325 coins.

First Weekly Pause Since April

The decision to halt purchases came after Bitcoin prices dropped to $105,400 the previous Tuesday, before briefly recovering above $110,000 on July 3, CoinGecko data shows.

This marked the first weekly pause since April 2025. MicroStrategy had previously suspended Bitcoin acquisitions when the cryptocurrency fell below the $87,000 threshold.

Bitcoin purchases by Strategy since March 31, 2025. Source: Strategy

Strategy’s Bitcoin purchases history. Source: Strategy data via CoinGecko

In the interim, following a previous buying pause, MicroStrategy resumed purchases on April 14 with the acquisition of 3,459 BTC, following a larger 22,048 BTC purchase on March 31.

The realized gain for Q2 reported by MicroStrategy surpasses projections from Bloomberg analysts, who had estimated at least $13 billion in Q2 2025 gains.

This article is a developing story and will be updated as further information becomes available.