Strategy Set To Post $13B Bitcoin Gains, But Revenue Stalls
Strategy, the largest corporate holder of Bitcoin, is expected to report over $13 billion in unrealized gains for Q2 2025, despite its core software business generating only $112.8 million in revenue. As of March 31, Strategy held 528,185 Bitcoin, valued at over $43.5 billion, with current holdings worth $56.3 billion, reflecting a $12.8 billion unrealized gain in three months. The company has seen a 9% increase in unrealized gains from weekly Bitcoin purchases, totaling $640 million. Strategy's stock price has risen over 170% in the past year, despite a recent 6% drop. Michael Saylor reported a Bitcoin yield of 7.8% for Q2. The company continues to acquire Bitcoin weekly, purchasing 4,980 Bitcoin in late June and financing these acquisitions through debt and equity offerings, raising concerns about potential shareholder dilution.
