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Investing.com – Strategy (NASDAQ:MSTR) swung to a second-quarter profit Thursday as the world’s largest corporate holder of Bitcoin was boosted by a surge in the price of the mega-popular cryptocurrency.
The software group, led by Executive Chairman Michael Saylor, began building up its Bitcoin arsenal in 2020 and has rolled out sales of convertible bonds and stock to help fund the stockpiling. As of June 30, it held 597,325 Bitcoins at an average cost of $70,982.
Investors have seemingly championed the move, with Strategy’s stock price surging by almost 39% this year. The rally that has inspired a recently growing number of firms to alter their operations to start accumulating their own Bitcoin holdings.
Saylor told analysts in a post-earnings call that Strategy is in "a hyper-growth, hyper-adoption phase for Bitcoin as a treasury reserve asset."
For the three months ended June 30, 2025, the company posted adjusted diluted earnings per share of $32.52, a dramatic turnaround from an adjusted loss of $0.79 per share in the same period a year earlier. Revenue rose modestly to $114.5 million from $111.4 million.
Net income soared to $10.0 billion from a net loss of $102.6 million, driven largely by a $14.0 billion unrealized gain on digital assets.
For fiscal 2025, the company expects operating income of $34 billion, net income of $24 billion, and diluted earnings per share of $80, assuming Bitcoin hits $150,000 by year-end.
"We believe Strategy serves as the best vehicle for investors to gain exposure to Bitcoin," analysts at BTIG said in a note.
The price of Bitcoin has spiked by 25% this year and is currently standing at over $114,000, an increase that has been partly fueled by optimism that President Donald Trump will usher in an era of looser regulation on the cryptocurrency sector. Trump’s signing of a new law establishing a legal framework for dollar-pegged stablecoins has further powered gains in Bitcoin, the world’s biggest digital token.
Shares in Strategy dipped by more than 4% in premarket U.S. trading following the report.
(Yasin Ebrahim contributed reporting.)