Saylor eyes $150 000 Bitcoin after huge Q2 turnaround
The company, known for its aggressive Bitcoin strategy, has turned last year’s loss into a remarkable profit, beating expectations as Bitcoin hovers near all-time highs.
Strategy Incorporated released its earnings report for the three months ending May 30.
The company reported adjusted diluted earnings per share of $32.60, a sharp improvement from a $0.79 adjusted loss per share during the same period last year.
Revenue rose modestly to $114.5 million, up from $111.4 million in Q2 2024.
Net income skyrocketed to $10 billion, compared to a net loss of $102.6 million, largely driven by $14 billion in unrealized gains as Bitcoin reserves appreciated significantly.
Michael Saylor targets $150,000 Bitcoin
For the 2025 fiscal year, Strategy projects $34 billion in operating income, $24 billion in net income, and $80 diluted EPS — assuming Bitcoin reaches $150,000 by year-end.
Following the strong earnings release, MSTR shares rose more than 1% in after-hours trading to $406.50.
As we wrote, Bitcoin price edges higher 0.39% as Fed holds rates, signals data-dependent stance at July FOMC
Latest Bitcoin News
- Forex
- Crypto