Strategy Posts $10B Q2 Profit, Raises Full-Year Guidance on Bitcoin Surge

Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, reported second-quarter net income of $10 billion, or $32.60 per diluted share, as rising BTC prices helped deliver a sharp boost to earnings. Operating income for the quarter came in at $14 billion.

The company, led by Executive Chairman Michael Saylor, credited the roughly 30% increase in bitcoin’s price during the quarter as the primary driver of its record results.

“Strategy has achieved a year-to-date BTC yield of 25%, meeting our full-year target ahead of schedule,” said CFO Andrew Kang. “With gains now exceeding $13 billion, bitcoin’s performance in Q2 alone generated $14 billion in operating income and EPS of $32.60.”

The company continued its aggressive bitcoin acquisition strategy, fueled by capital raised through both common and preferred stock offerings. As of the end of July, Strategy held 628,791 BTC on its balance sheet.

Based on an internal year-end BTC price target of $150,000, Strategy now forecasts full-year net income of $24 billion, or $80 per share, and has raised its bitcoin yield target to 30%. Operating income for the year is projected to hit $34 billion.

Shares of MSTR traded modestly higher in after-hours trading at $408.25, extending the stock’s year-to-date gain to 34%.