Bitcoin-Heavyweight Strategy Records Historic Q2 2025 Profits
In a groundbreaking performance, Bitcoin-focused firm Strategy (formerly MicroStrategy) has reported an extraordinary net income of US$10.02 billion (AU$15.7 billion) for the second quarter of 2025, eclipsing the earnings of major financial institutions such as Goldman Sachs and Bank of America. The results, nearly three times greater than Goldman Sachs’ US$3.7 billion (AU$5.7 billion) in the same quarter, highlight Strategy’s robust position in the cryptocurrency realm.
Under the leadership of Michael Saylor, Strategy surpassed Bank of America’s US$6.8 billion (AU$10.5 billion) earnings, showcasing an impressive financial trajectory despite having a more focused business model. The scale of this achievement was underscored by Bitwise’s Chief Investment Officer, Matt Hougan, and Senior Investment Strategist, Juan Leon, who hailed it as the firm’s most profitable quarter to date.
Market Dominance Through Bitcoin Holdings
The remarkable profits can primarily be attributed to Strategy’s increasing Bitcoin holdings. By the end of the quarter, the company owned 628,791 BTC, valued at a total of US$46.07 billion (AU$71.1 billion). This substantial position contributed to a 25% year-to-date return, translating into over US$13.2 billion (AU$20.4 billion) in unrealised gains. With an ambitious target of achieving a 30% annual Bitcoin yield, Strategy aims to realise AU$20 billion (AU$30.9 billion) in unrealised gains by the close of the year.
To sustain this growth, Strategy is also looking to expand its stock offering, planning to raise over US$2 billion (AU$3.1 billion) through stock issuance, primarily to acquire more Bitcoin and cover operational costs, as well as possibly fund preferred-share dividends.
Future Plans and Market Innovations
In parallel to Strategy’s activities, Japan’s Metaplanet has announced its intention to raise approximately 555 billion yen (AU$5.72 billion) through perpetual preferred shares. The funds aim to support the acquisition of 210,000 BTC by 2027. These securities may provide up to a 6% annual dividend contingent on market conditions. While Metaplanet’s proposal presents an innovative financing avenue linked to Bitcoin, it did not specify a timeline for the issuance, stating that the offering’s progression remains uncertain.
At the time of reporting, Bitcoin’s market price stood at US$114,406 (AU$176,920), reflecting a more than 6% decline over the previous week.
Conclusion
The outstanding performance of Strategy not only marks a significant milestone in the firm’s history but also highlights the increasing prominence of Bitcoin as a reliable asset class. As companies like Strategy and Metaplanet seek to expand their Bitcoin portfolios, the landscape of institutional investment in cryptocurrency continues to evolve rapidly.
