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MicroStrategy Reports $14 Billion Unrealized Gain in Q2 2023

Strategy's Q2 2025 earnings reveal a substantial Bitcoin treasury strategy, boasting 628,791 BTC in reserves and a remarkable EPS of $32.60, significantly exceeding expectations.

BTC

Summary

Strategy reported an astounding EPS of $32.60 for Q2 2025, beating expectations by 46,671%, while holding 628,791 BTC in reserves. The company achieved a 25% Bitcoin yield year-to-date, and forecasts a net income of $24 billion for 2025. Despite these results, the market continues to undervalue its transformation into the largest Bitcoin treasury firm, emphasizing a need for corporate treasury reevaluation in a Bitcoin-centric landscape.

Terms & Concepts
  • Bitcoin Treasury Strategy: A corporate approach that prioritizes Bitcoin holdings as a key asset for value creation and financial performance.
  • EPS (Earnings Per Share): A financial metric indicating a company's profitability, calculated as net income divided by the number of outstanding shares.
  • mNAV (Market Net Asset Value): A valuation metric that reflects the market value of a company's assets, often used to guide equity issuance decisions.