Strategy set to post $13B Bitcoin gains, but revenue stalls

Michael Saylor's tech company is expected to post over $13 billion in unrealized gains from its Bitcoin holdings in the second quarter of 2025.

Strategy, the world’s largest corporate holder of Bitcoin, is expected to post mixed financials for the second quarter of 2025.

According to a Bloomberg analysis on Tuesday, the company is projected to report more than $13 billion in unrealized gains for 2Q 2025, driven by its massive crypto holdings. In stark contrast, its core software business is forecast to generate just $112.8 million in revenue, reflecting a widening gap between its digital asset exposure and operational performance.

Data from Bitcoin Treasuries shows that Strategy held 528,185 Bitcoin (BTC) as of Mar. 31, worth over $43.5 billion at the time. The company's holdings stood at $56.3 billion Monday, resulting in an unrealized gain of $12.8 billion during the past three months.

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