Strategy Announces Second Quarter Financial Results; Currently Holds 843,775 Bitcoin; Now the Largest Institutional Holder Globally
Strategy reported Q2 revenue of $122.4 million, up 6.9% year-over-year, while growing Bitcoin holdings to 843,775 BTC despite an $8.22 billion net loss driven by unrealized digital asset impairments. The company strengthened its financial position by reducing convertible debt by 18% to $6.7 billion and increasing its USD Reserve to $3.75 billion, covering over two years of obligations. It also repurchased $1.5 billion of convertible notes at an 8% discount and initiated buybacks of STRC preferred stock at a 13% discount. Year-to-date capital raising reached $17.06 billion via ATM programs, supporting a BTC Yield of 4.5% and a 5% increase in Bitcoin Per Share.
Key figures
- Revenue
- 122400000
- Guidance
- Distributions on preferred stock expected to be treated as non-taxable return of capital for the foreseeable future (ten years or more)
- Revenue Yoy
- 6.9%
- Usd reserve
- 3750000000
- Btc yield ytd
- 4.5%
- Btc cost basis
- 63690000000
- Bitcoin holdings
- 843775
- Btc market value
- 54770000000
- Capital raised ytd
- 17060000000
- Strc repurchase notional
- 28900000
- Unrealized loss digital assets
- 8320000000
- Convertible debt repurchase principal
- 1500000000
AI analysis
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