Strategy Shocks Wall Street With One of the Largest EPS Beats in History

• Strategy reported Q2 EPS of $32.60, shocking analysts with a 46,671% earnings surprise.

• The company posted $10 billion in net income and $114.49 million in revenue, driven by Bitcoin gains.

• Strategy holds 628,791 BTC worth $74 billion, with a 25% yield achieved year-to-date.

Strategy, formerly known as “Strategy,” just reported its Q2 2025 earnings after market hours on July 31st. The world’s largest corporate Bitcoin holder shocked Wall Street today after one of the biggest earnings-per-share (EPS) beats in history.

Ahead of the release, analysts were predicting a 7-cent decrease in earnings per share, only to be met by a massively different outcome. The firm reported today an EPS of $32.60 — resulting in a staggering 46,671% earnings surprise. Strategy also posted $114.49 million in revenue, slightly above the $112.52 million consensus estimate.

This report follows a disappointing Q1 EPS report, in which MicroStrategy disclosed a loss of -$16.49 per share, missing expectations by over 575%.  Today’s results mark a 4,378% improvement year-over-year, and a 298% jump quarter-over-quarter.

A total of $14.0 billion in operating income powered Strategy’s Q2 performance, resulting in $10.0 billion in net income for the quarter. These figures reflect the company’s most profitable quarter to date, driven by its aggressive Bitcoin treasury strategy and strong market tailwinds.

The firm also disclosed its crypto-related earnings. Strategy currently owns 628,000 BTC at a current market value of around $74 billion. This amount was acquired over time for the cost of $46.07 billion, leaving an average cost-per-bitcoin of $73,277. Strategy achieved a 25% Bitcoin yield since the start of the year, netting over $13 billion in Bitcoin year-to-date. 

Executive Chairman of the company, Michael Saylor, hyped up the earnings report ahead of its release earlier today, claiming that it would be the company’s “most important moment ever.” Moving ahead, Strategy aims to continue stockpiling Bitcoin, having recently filed for a massive share sale, paving the way for up to $4.2 billion to be used in future BTC purchases.