Business
Strategy Announces Second Quarter 2025 Financial Results; Record Net Income of $10.0 Billion and EPS of $32.60
Earnings Highlights $14.0 billion of Operating Income in Q2 $10.0 billion of Net Income in Q2 $32.60 of Diluted Earnings per Share in Q2 Bitcoin Highlights
About this update from Strategy Inc
[{"type":"text","content":"\nEarnings Highlights\n\n\n\n$14.0 billion of Operating Income in Q2\n\n\n\n$10.0 billion of Net Income in Q2\n\n\n\n$32.60 of Diluted Earnings per Share in Q2\n\n\n\nBitcoin Highlights\n\n\n\n628,791 bitcoin holdings at a total cost of $46.07 billion, or $73,277 per bitcoin YTD\n\n\n\n25.0% BTC Yield achieved in 2025 YTD\n\n\n\n$13.2 billion BTC $ Gain achieved in 2025 YTD\n\n\n\nFY2025 Earnings Guidance\n\n\n\nOperating Income of $34 billion\n\n\n\nNet Income of $24 billion\n\n\n\nDiluted Earnings per Share of $80 per share\n\n\n\n TYSONS CORNER, Va.--(BUSINESS WIRE)--\nMicroStrategy® Incorporated d/b/a Strategy™ (Nasdaq: MSTR/STRK/STRF/STRD/STRC) (“Strategy” or the “Company”), the largest corporate holder of bitcoin and the world’s first Bitcoin Treasury Company, today announces financial results for the three-month period ended June 30, 2025 (the second quarter of its 2025 fiscal year).\n\n\n“In the second quarter and into July, Strategy delivered another period of exceptional execution and growth. We expanded our bitcoin holdings to 628,791 bitcoins, raised over $10 billion through our ATM programs and IPOs, and saw growing institutional and retail demand for our securities. STRC, our short duration, high yield credit instrument, which was our largest ever IPO, demonstrates how we amplify our bitcoin holdings through intelligent leverage. Our overall capital raising activities have resulted in our Bitcoin per Share ('BPS') increasing by 25% year-to-date and as a result we are raising our full year BTC Yield and BTC $ Gain KPI targets to 30% and $20 billion, respectively. These achievements underscore the scale of our Bitcoin treasury strategy and the strength of our capital markets platform. In this release, we are also publishing a capital markets framework, which provides a clear structure for how we intend to raise capital to increase our bitcoin balance sheet and grow long-term shareholder value,” said Phong Le, President and Chief Executive Officer.\n\n\n“Strategy has achieved a year-to-date BTC Yield of 25%, meeting our full year target well ahead of our initial timeline. As a result, our BTC $ Gain now exceeds $13 billion, and the increase in the price of bitcoin in the second quarter drove second quarter operating income of $14 billion and Q2 diluted EPS of $32.60. These financial results, built upon the scale and p...