MicroStrategy, the largest corporate holder of Bitcoin, is expected to announce its financial results for the second quarter of 2025. The company is anticipated to report over $13 billion in unrealized gains from its crypto assets, while its core software business is expected to generate just $112.8 million.
Unrealized Gains from Bitcoin
According to a Bloomberg analysis, MicroStrategy values its crypto assets at $56.3 billion. As of March 31, 2025, the company held 528,185 Bitcoin, worth over $43.5 billion at that time. This resulted in an unrealized gain of $12.8 billion over the past three months.
Bitcoin Acquisition Strategy
In 2025, MicroStrategy has been actively acquiring Bitcoin, including 4,980 tokens bought in late June. Earlier in that month, the company disclosed another purchase of 245 Bitcoin for $26 million. Previously, between May 26 and 30, it acquired 705 Bitcoin for $75.1 million. The company is financing its purchases through a mix of debt, equity, and preferred stock offerings.
Michael Saylor's Statements
Michael Saylor, Chairman of MicroStrategy, noted in a social media post that the company achieved a Bitcoin yield of 7.8% in the second quarter of 2025, which has become the company’s metric.
In conclusion, MicroStrategy continues to expand its positions in the Bitcoin market, despite mixed results from its core business. The company's success largely depends on its strategy and further investments in cryptocurrency.
