Zoye
07/05 00:50
Business intelligence firm turned Bitcoin treasury company Strategy is expected to report $13 billion in unrealized gains from its digital asset holdings, even as its core business continues to struggle.
Strategy has amassed 597,325 BTC, generating a Bitcoin yield of 7.8% in the second quarter, according to Chairman and founder Michael Saylor. The company continued to stack sats last week, acquiring $531 million worth of BTC.
Despite this crypto windfall, Strategy’s software business is projected to generate $112.8 million in revenue in the second quarter, a decline from the previous year.
Strategy’s bold Bitcoin bet has become a case study for dozens of companies that have adopted similar approaches. According to Cointelegraph, 250 businesses now hold Bitcoin, with 26 announcing BTC treasury strategies just last month.
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