Strategy Reports $10 Billion Net Income in Q2 Amid Bitcoin Surge
Key Highlights from Strategy (MSTR) Financial Report
- Operating earnings for Q2 reached $14 billion, or $32.60 per share.
- Net income stood at $10 billion, driven by a 30% rise in bitcoin price during the quarter.
- Year-to-date BTC yield achieved is 25%, surpassing initial targets.
- Total bitcoin gains exceed $13 billion; Q2 operating income attributed to bitcoin price increase.
- Bitcoin holdings increased to 628,791 by the end of July, supported by stock issuances.
- Full-year bitcoin yield target raised to 30%, with projected operating income of $34 billion and net income of $24 billion based on an expected bitcoin price of $150,000.
- MSTR shares rose to $408.25 in after-hours trading, a 34% increase year-to-date.