Historic Q2 Profit Driven by Bitcoin Surge
For Q2 2025, Strategy reported a record profit of $10.0 billion—translating to $32.60 per share, the highest in the company’s history. This surge was fueled by a dramatic unrealized gain of $14 billion from the appreciation of its Bitcoin reserves. With 628,791 BTC on its balance sheet at an average purchase price of roughly $73,277 per coin, Strategy remains the world’s largest publicly traded Bitcoin holder.
The latest buying spree saw the company acquire 21,000 BTC for nearly $2.5 billion, reinforcing its reputation for aggressive accumulation.
Leveraging the Balance Sheet: New Capital for Bitcoin
Expansion remains a top priority. Strategy has announced further capital measures, with the STRD program providing up to $4.2 billion for future Bitcoin acquisitions. The company is actively using financial instruments such as STRC, STRF, and STRD to tap capital markets and leverage its position in Bitcoin—amplifying both potential gains and risks.
The long-term vision is clear: Strategy is aiming to hold a staggering one million Bitcoin. Management has revised annual targets upward, now projecting $24 billion in profit for 2025 based on an anticipated Bitcoin price of $150,000.
Risks of the All-In Bitcoin Strategy
While Strategy’s approach is paying off in the current bull market, it is not without significant downside. The company’s high leverage could quickly become a liability if Bitcoin prices were to fall sharply, underscoring the inherent risk in such an aggressive capital structure.
Michael Saylor’s model has inspired a wave of corporate imitators, but as more firms take on similar risks, the broader crypto space may face increased systemic volatility. The success—or failure—of these strategies could have profound implications for the digital asset ecosystem as a whole.