Business intelligence firm Strategy, formerly known as MicroStrategy, announced a $10 billion second-quarter profit driven by Bitcoin’s market recovery. The company increased its Bitcoin holdings by 20% during the period to 597,000 BTC, now valued at approximately $74 billion and representing nearly 3% of Bitcoin’s total circulating supply.
This significant quarterly profit was fueled by Bitcoin’s price surge from $77,000 to over $111,000, effectively offsetting the company’s $5.9 billion loss reported in the first quarter. The rebound substantially increased the value of Strategy’s cryptocurrency assets during the period.
To expand its Bitcoin position, Strategy raised $2.5 billion through a preferred stock offering, enabling the purchase of approximately 21,000 additional BTC in Q2. The firm has also launched an ambitious capital raise initiative, having already issued $21 billion in common stock toward a $42 billion goal for further Bitcoin accumulation.
Strategy maintains its position as the largest publicly traded corporate holder of Bitcoin globally. The company’s sizable treasury reserve strategy continues to demonstrate substantial exposure to cryptocurrency market movements and institutional accumulation trends.