Strategy’s Q2 net income soared to $10.02 billion, marking a dramatic rebound from its Q1 losses.
The company, formerly known as MicroStrategy, attributes this surge primarily to Bitcoin’s 30% rally in the second quarter of 2025. With over 628,000 BTC in its treasury, Strategy’s bold Bitcoin-first strategy has begun to show major returns.
The company’s operating income reached an astounding $14.03 billion, a year-over-year rise of 7,106.4%. This puts Strategy among the fastest-growing firms in the financial and tech hybrid space. Total revenues for the quarter were $114.5 million, up slightly from the same quarter last year. However, the real driver was the appreciation of Bitcoin, reflecting $26.63 billion in paper gains.
CFO Andrew Kang confirmed that the company’s BTC yield for the year already hit 25%, exceeding their full-year goal.
Strategy’s BTC-first model pays off big in Q2
Strategy has now raised its BTC yield target for 2025 to 30%, anticipating even greater results if Bitcoin hits $150,000. If the forecast materializes, the company expects a net income of $24 billion, nearly 2.5 times its Q2 results. Diluted earnings per share are also expected to rise significantly, from $32.60 to $80 by year-end.
This optimism stems from the aggressive accumulation of Bitcoin. The average purchase price this year stands at $73,277 per BTC, reflecting strategic market timing. While critics question the risks, supporters applaud Strategy’s conviction and long-term view.
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Strategy’s Q2 net income and Bitcoin bet draw Wall Street attention
To sustain its expansion, Strategy also announced a $4.2 billion at-the-market offering of STRC stock. The proceeds will fund further Bitcoin acquisitions and other corporate initiatives. The company emphasized a disciplined sales approach, aligning sales with favorable market conditions.
This comes after Strategy increased its STRC capacity from $500 million to $2 billion earlier this year. The capital raise shows the firm is not slowing down its crypto ambitions. Bitcoin’s performance remains central to Strategy’s success, and their growing treasury solidifies that bet.
With the crypto market warming up, Strategy is positioning itself as the most prominent Bitcoin-focused public company.