Strategy skips Bitcoin buy, reports $14B unrealized gains in Q2

Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, reported $14 billion in unrealized gains on its holdings in the second quarter of 2025.

The company recorded an unrealized gain on its digital asset holdings of $14.05 billion, along with a deferred tax expense of $4.04 billion, according to a filing with the US Securities and Exchange Commission on Monday

“As of June 30, 2025, the Company’s digital asset carrying value was $64.36 billion, with a related deferred tax liability of $6.31 billion,” the filing stated.

An excerpt from Strategy’s Form 8-K. Source: SEC

Despite the gains, Strategy paused its Bitcoin buying spree last week, with the company’s BTC holdings remaining at 597,325 BTC following its recent 4,980 BTC purchase.

First weekly purchases skipped since April 2025

Strategy’s decision to skip Bitcoin purchases came as prices fell to $105,400 last Tuesday, before briefly surging above $110,000 on July 3, according to CoinGecko data.

The pause marked the first time since April that Strategy skipped a weekly Bitcoin purchase. The company previously paused acquisitions when Bitcoin fell below $87,000.

Strategy’s Bitcoin purchases since March 31, 2025. Source: Strategy

Following the previous buying pause, Strategy resumed buying with a 3,459 BTC purchase announced on April 14, two weeks after the previous buy of 22,048 BTC on March 31.

The newly released official Strategy figures are slightly above the estimations by Bloomberg analysts, who last week projected the company to report at least $13 billion in unrealized gains for 2Q 2025.

This is a developing story, and further information will be added as it becomes available.

Magazine: US risks being ‘front run’ on Bitcoin reserve by other nations: Samson Mow