Microstragraty, now strategy, has just reported a jaw of $ 14 billion of earnings not made for the second quarter of 2025, thanks to the climbing on BTC prices. This move shows that Saylor’s bullish thesis was perfect.
To maintain the momentum, the company has launched an offer of actions of 4.2 billion dollars aimed at earning even more 
Btc ▲ 0.71%. It seems that Saylor’s strategy to exploit the stock to acquire more BTC is effective and volatility is not foreign to him.
$ 14 billion of BTC gain in the second quarter: strategy Bold Bet Pay
In the second quarter of 2025, the strategy blocked in an enormous profit unrealized by 14 billion dollars on his Bitcoin invitations, showing how powerful his BTC strategy has become powerful. The Bitcoin price went from $ 82,000 to $ 108,000 between April and June, putting its huge supply of enormous profits.
Starting from 6 July, the strategy holds 597,325 BTC, acquired at an average price of $ 70,982, for a total of $ 42.4 billion in costs. This BTC move made previous unrealized losses of $ 5.91 billion to the second quarter.
Just in: Michael Saylor’s strategy announces $ 4.2 billion $ Strnd ATM program to buy more bitcoin
They recently published $ 14 billion in unrealized Q2 profits.
pic.twitter.com/u22s3akpdx
– Roxom TV (@roxomtv) 7 July 2025
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Accounting changes also played a role. The adoption of ASU 2023-08 has brought a variation of the tax expenses differ from $ 4.04 billion and $ 6.31 billion of deferred tax liabilities. But also with that eliminated by an image, the bullish photo remains.
During the second quarter, the strategy collected 69,140 new BTCs for a value of $ 6.77 billion, financed through the sales sales, reflecting their aggressive approach. The prices for BTC during the quarter have been oscillating between $ 74,420 and $ 112,000, with $ 107,700 at this moment, giving them a huge stock of unrealized earnings.
This aggressive purchase does not only concern detention. It is a question of exploiting prices and distributing capitals collected by equity markets to buy diving. Transform company finance into a Bitcoin-Maxi playbook. So far, Saylors’ thesis that BTC exceeds liquidity is valid by those $ 14 billion.
“It’s certainly not a missile science …”
John Haar crystalline Saylor’s Bitcoin’s thesis for anyone who still reaches.
pic.twitter.com/8Sipsoreng
– Swan (@swan) June 5, 2025
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Stock offer from $ 4.2 billion: fuel for Bitcoin Fire
It seems that the strategy does not have a break. Immediately after reporting his earnings of the second quarter, the company announced an offer of actions of 4.2 billion dollars. 10% sale of perpetue perput preford stok (strnd) through an AT-THE-MARKET (ATM) program. This is not just a standard increase.
It is a deliberated push to maintain the stacking of the Sat while the market is hot. The proceeds will go to the purchase of several BTCs, to the management of the circulating capital and even to pay dividends. It is the same formula that Saylor used and perfected the quarter after the quarter. Use of equity markets as a vehicle for financing to deepen the BTC exposure.
Breaking: Strategy has announced the intention of launching an IPO for its perpetual strd shares of the Serie A at 10% to raise funds for general purposes, including the purchase of more #Bitcoin. pic.twitter.com/kyukidm06p
– Cintalegraph (@cointelegraph) June 2, 2025
This last ATM follows a committed Q2, in which the strategy has collected $ 6.8 billion of net proceeds. $ 5.2 billion from ordinary shares programs and almost $ 980 million from a previous strnd offer.
With the favorite stock portfolio now for a total of $ 3.4 billion and with $ 315 million in annual dividends, the company protrudes towards a high leverage and high custody game. At the end of the second quarter, he still had over $ 40 billion in unused ATM emission capacity in various programs, giving him a lot of fire power for future moves.
The bulls see this like a brilliant move to ride Bitcoin Bull Run, while Bears warns of risk of dilution and overexposure to a volatile resource. But for Saylor and Strategy, the game is clear: double when the belief is high.
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Keyway keyway
Inorpora strategy $ 14 billion unrealized profits.
Another $ 4.2 billion financing for more BTC fire power.
The post strategy of post Michael Saylor Dai $ 14 billion in the second quarter, launches $ 4.2 billion of titles for several BTCs appeared first out of 99 bitcoins.