Strategy Announces $4.2B Stock Sale as Bitcoin Gains Reach $14B in Q2

July 8, 2025 – Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, reported $14.05 billion in unrealized gains on its Bitcoin holdings for Q2 2025, while unveiling a new $4.2 billion stock sale to fuel future purchases.

The company’s digital asset carrying value stood at $64.36 billion as of June 30, with a related deferred tax liability of $6.31 billion, according to its latest SEC filing.

Strategy Pauses Weekly Bitcoin Buys Amid Volatility

For the first time since April, Strategy skipped its weekly Bitcoin purchase, holding steady at 597,325 BTC after a recent 4,980 BTC acquisition. The pause coincided with Bitcoin’s brief price dip to $105,400 before rebounding above $110,000.

Previously, Strategy also paused buys when Bitcoin fell below $87,000, resuming with significant purchases once market conditions stabilized.

$4.2B STRD ATM to Fuel More Bitcoin Accumulation

In tandem with its earnings, Strategy announced a $4.2 billion at-the-market (ATM) stock sale for its Series A STRD preferred shares, priced at $0.001 per share. The equity-raising mechanism mirrors previous successful offerings that have funded Bitcoin accumulation.

The new program adds to existing ATMs for MSTR, STRK, and STRF, with the company’s total remaining ATM capacity now reaching $44.8 billion.

What Has Happened So Far

• March 31, 2025: Strategy purchased 22,048 BTC.
• April 14, 2025: Strategy resumed Bitcoin buys with 3,459 BTC.
• June 30, 2025: Bitcoin holdings reached 597,325 BTC.
• July 8, 2025: Strategy announced $14B in unrealized gains and a $4.2B STRD ATM.