Strategy Rakes in $10B in Q2 Thanks to Bitcoin’s Climb

Strategy Projects $24B in Full-Year Profit as Bitcoin Holdings Drive Record Q2 Earnings

Strategy (MSTR), the largest corporate holder of bitcoin, reported second-quarter net income of $10 billion and operating earnings of $14 billion, or $32.60 per share, fueled by a 30% rally in BTC prices during the quarter.

Led by Executive Chairman Michael Saylor, the company reaffirmed its aggressive bitcoin acquisition strategy. As of the end of July, Strategy held 628,791 BTC, funded largely through proceeds from common and preferred stock sales.

“With a 25% year-to-date BTC yield, we’ve already surpassed our full-year goal ahead of schedule,” said CFO Andrew Kang. “Our total bitcoin gains have now exceeded $13 billion, and the Q2 price surge significantly boosted our earnings.”

Looking ahead, Strategy raised its full-year guidance, projecting net income of $24 billion, or $80 per share, and $34 billion in operating income. These forecasts are based on a year-end bitcoin price target of $150,000. The company also lifted its BTC yield target for the year to 30%.

Shares of MSTR traded modestly higher in after-hours action at $408.25, bringing year-to-date gains to 34%.