Strategy Reports $10 Billion Profit Amid Bitcoin Holdings Growth and Market Recovery

Key Points

1. Strategy's Bitcoin holdings reached 597,000 BTC, valued at $74 billion, marking a 20% increase from Q1.

2. The company raised $2.5 billion through preferred stock to purchase an additional 21,000 Bitcoin in Q2.

3. Bitcoin's price surge from $77,000 in Q1 to over $111,000 in Q2 drove the $10 billion profit, offsetting a $5.9 billion loss in Q1.

4. Strategy plans to raise $42 billion to further expand its Bitcoin holdings, having already issued $21 billion in common stock.

5. The firm is the largest publicly traded Bitcoin holder, with its holdings accounting for nearly 3% of the total Bitcoin supply.