Strategy adds $21B in Bitcoin value during Q2 but faces $4B tax hit

Strategy, the largest firm holder of Bitcoin, expanded its integer plus portfolio by $21 cardinal successful the 2nd 4th of 2025, driven mostly by BTC’s crisp terms increase.

According to the Michael Saylor-led firm, Bitcoin surged from $82,445 to $107,752 betwixt April and June, pushing its unrealized gains connected its BTC holdings to $14.05 billion.

Of that, $13.4 cardinal came from antecedently acquired Bitcoin, portion $700 cardinal was attributed to coins bought during the quarter.

In summation to the unrealized gains, Strategy said it purchased 69,140 BTC during the 2nd 4th for astir $7 billion.

Strategy Bitcoin Data fro Q2 (Source; Strategy)

As a result, its full Bitcoin holdings had risen to 597,325 BTC by June 30, up from 528,185 BTC astatine the extremity of Q1. This helped propulsion its BTC holdings’ marketplace worth from $43.5 cardinal to $64.4 billion.

Meanwhile, the Bitcoin gains besides triggered important taxation consequences. Strategy reported a $4.04 cardinal deferred taxation disbursal successful Q2, raising its full deferred taxation liability to $6.31 billion.

$4.2 Billion STRD offering

To enactment further Bitcoin acquisitions, Strategy launched a preferred banal offering targeting up to $4.2 cardinal successful superior done the merchantability of STRD shares.

The institution stated that proceeds would chiefly spell toward BTC purchases and perchance enactment dividend payments connected its Series A Perpetual Strife and Series A Perpetual Strike shares.

According to the STRD prospectus, shareholders volition lone summation committee practice if regular dividends are paid. Despite this condition, organization involvement successful the offering has been strong.

Crypto expert Jesse noted that the request for Strategy’s preferred shares reflects expanding organization appetite for Bitcoin vulnerability with little volatility. He described the offerings—STRF, STRK, and STRD—as long-duration, income-generating products with minimal nonstop correlation to BTC’s price.

Jesse added that trading enactment successful these instruments has surged, reaching 40 times the emblematic measurement seen successful comparable accepted markets. According to him, this operation enables Strategy to contented caller shares astatine a premium portion expanding its BTC-per-share ratio arsenic marketplace yields compress.

Strategy Preferred Stock Offering Performance Since Their IPO (Source: Strategy)

Notably, each preferred people has performed powerfully since launch, with Strategy positioning them arsenic cardinal vehicles successful the improvement of recognition markets toward blockchain-based finance.

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