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, 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 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 . A wave of companies has followed Strategy Chairman Michael Saylor's lead in adding Bitcoin to their assets as the cryptocurrency's price has increased . As reported, 250 businesses now hold Bitcoin, with 26 announcing BTC treasury strategies in June .
Additional profits from Strategy's weekly BTC purchases resulted in another 9% in unrealized gains, or $640 million . According to US Securities and Exchange Commission (SEC) filings, Strategy purchased the tokens for an average price of $97,900 during the period . An unrealized gain refers to the increase in the value of an asset that a company or investor still holds but hasn't yet sold . It reflects the potential profit based on current market prices, not actual cash earned .
Despite a 6% drop on Tuesday, Strategy's stock price has soared more than 170% over the past year on the Nasdaq, according to TradingView data . Saylor boasts Strategy's performance . In a Tuesday X post, Saylor said that Strategy...
Meanwhile, Capriole Investments founder Charles Edwards explained that Bitcoin's price growth has stalled as original long-term holders continue to sell into institutional demand since the launch of spot Bitcoin ETFs in January 2024 . Edwards stated: “People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO” . He attributed this stagnation to Bitcoin OGs “dumping on Wall Street” and reducing their positions . Edwards highlighted that the six-month holder cohort—largely made up of new Bitcoin treasury companies—has absorbed the Bitcoin unloaded by long-term holders over the past 1.5 years .
Meanwhile, Parataxis Holdings, an affiliate of digital asset-focused investment company Parataxis Capital Management, announced Friday that it has entered a definitive agreement to acquire a controlling interest in biotech company Bridge Biotherapeutics (KOSDAQ:288330) for an investment of 25 billion South Korean won, roughly US$18.5 million . Following the closing of the deal, Parataxis will become Parataxis Korea and be repurposed as a treasury vehicle for institutional Bitcoin exposure, joining a growing list of companies holding Bitcoin on their balance sheet .