5 Takeaways from $MSTR Q2 earnings 🧵👇 1. Record Operating Income, Net Income & EPS Operating income - $14 billion operating income - $10.0 billion net income - $32.60 diluted EPS Strongest quarterly profitability in the company’s history

2. Robust Bitcoin Treasury Performance - Expanded its bitcoin holdings to 628,791 BTC at a cost basis of $46.07 billion (~$73,277/BTC) - 25% BTC yield YTD - Recorded a $13.2 billion unrealized gain on its bitcoin portfolio

3. Aggressive Capital Raising via ATM Programs & IPOs - Through Q2 and July ATM offerings and IPOs (including STRC, STRD, STRF, STRK), Strategy raised over $10 billion, with more than $20 billion of ATM capacity still available to fund future bitcoin purchases.

4. Launch of STRC Treasury Preferred Stock - Introduced the world’s first variable-rate, monthly-dividend bitcoin-backed preferred security (STRC), setting an $0.80/month dividend and creating a new yield-focused capital markets instrument

5. Raised Full-Year Guidance & Bitcoin KPI Targets Updated FY 2025 outlook: - $34 billion operating income - $24 billion net income - $80 EPS (assuming year-end BTC price of $150,000) - Boosted BTC yield target to 30% and BTC dollar gain target to $20 billion