BTCNaN
ETHNaN
BNBNaN
SOLNaN
XRPNaN
DOGENaN
BTCNaN
ETHNaN
BNBNaN
XRPNaN
SOLNaN
DOGENaN
Play Article AudioRead
Picture of the author
Kassim Khanefar
1 day, 14 hours ago

Strategy (MSTR) Earnings: $32.60 Per Share in Q2

Play Article AudioRead
Disclaimer: The analyst who co-wrote this piece owns shares of Strategy (MSTR) .

Strategy (MSTR) , the largest corporate holder of bitcoin

STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .

, posted second-quarter operating earnings of $14 billion or $32.60 per share, and net income of $10 billion.

The massive profit came as the price of bitcoin rose roughly 30% during the thre-month period.

"Strategy has achieved a year-to-date BTC Yield of 25%, meeting our full year target well ahead of our initial timeline," said CFOM Andrew Kang. "As a result, our BTC $ Gain now exceeds $13 billion, and the increase in the price of bitcoin in the second quarter drove second quarter operating income of $14 billion and Q2 diluted EPS of $32.60."

Strategy, led by Executive Chairman Michael Saylor, continued executing its aggressive bitcoin accumulation plan, fueled by cash generated from the sale of its common and preferred stock issuances, bringing its stack to 628,791 bitcoin by the end of July.

The company lifted its full-year bitcoin yield target to 30% and expects full-year operating income of $34 billion and net income of $24 billion, based on an expected year-end bitcoin price of $150,000.

MSTR is up modestly in after hours trading to $408.25 and higher by 34% year-to-date.

Read more: Strategy's Market Hints at Strongest Downside Risk Since April
EDITOR’S CHOICE