Catenaa, Friday, August 1, 2025- Bitcoin treasury firm Strategy reported record second-quarter earnings and unveiled a $4.2 billion STRC offering to expand its bitcoin holdings.
The company’s net income soared to $10.02 billion, or $32.60 per diluted share, reversing a $0.57 per-share loss a year ago.
Operating income jumped to $14.03 billion, fueled by a $14 billion unrealized gain on its bitcoin reserves. Strategy now holds 628,791 BTC at a total cost of $46.07 billion, averaging $73,277 per coin. Revenue rose 2.7% year-over-year to $114.5 million.
The firm said proceeds from the STRC offering will be used to buy additional bitcoin. Executive Chairman Michael Saylor described the preferred shares as designed to provide price stability and high short-duration yield for new investors.
Analysts at TD Cowen projected that the company could add more than 17,000 BTC over the next decade without major equity dilution. Strategy also raised its 2025 bitcoin yield target to 30% and its dollar gains projection to $20 billion.
