Strategy Reports $10B Q2 Profit, Boosts Outlook as Bitcoin Holdings Surge
Strategy (MSTR), the largest corporate holder of bitcoin, posted second-quarter net income of $10 billion, or $32.60 per diluted share, driven by a sharp rebound in BTC prices. Operating income for the period reached $14 billion, as bitcoin rose roughly 30% during the quarter.
“Our year-to-date BTC yield has reached 25%, meeting our full-year target ahead of schedule,” said CFO Andrew Kang. “Bitcoin gains now total over $13 billion, powering Q2 operating income and strong earnings per share.”
Led by Executive Chairman Michael Saylor, Strategy continued expanding its bitcoin reserves, financed by equity offerings. The company’s total bitcoin holdings reached 628,791 BTC by the end of July.
Citing a year-end bitcoin price projection of $150,000, the company raised its full-year guidance to $24 billion in net income and $34 billion in operating income. It also increased its BTC yield target to 30%.
Shares of MSTR rose slightly in after-hours trading to $408.25, and are now up 34% year-to-date.
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