Strategy Reports $10B Profit and Plans to Raise $4.2B for Further Bitcoin Purchases

I see that Strategy, formerly known as MicroStrategy, reported a remarkable $10 billion net profit in the second quarter of 2025, driven by the rise in Bitcoin's price. Michael Saylor's company plans to raise an additional $4.2 billion through perpetual preferred stock issuance (Stretch, STRC), with the funds allocated for further Bitcoin acquisitions. During this period, Strategy's Bitcoin reserves increased nearly 20%, from 499,000 to 597,000 BTC. With the latest purchases, their total Bitcoin holdings now reach 628,800 BTC, accounting for about 3% of the total Bitcoin supply. Meanwhile, Coinbase, the largest crypto exchange in the U.S., reported $1.5 billion in revenue—down 26% from the previous quarter and below analyst expectations. Its net profit was $1.43 billion, with a normalized profit of $33 million. Revenue from stablecoins grew by 12%, reaching $333 million. Coinbase also announced plans to introduce tokenized stocks, prediction markets, derivatives, and token presales to U.S. users in the upcoming months. They hold 11,776 BTC as of June 30, with reserves increasing by 2,509 coins last quarter. Coinbase stated it intends to continue increasing its Bitcoin holdings. This overall positive outlook for Bitcoin-oriented companies like Strategy, combined with Coinbase’s expanding crypto services, emphasizes the growing institutional and retail engagement in cryptocurrency investments. Strategy’s aggressive acquisition strategy and Coinbase’s expanding product ecosystem could further boost Bitcoin adoption and price.