Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, has reported $14 billion in unrealized gains from its Bitcoin holdings in Q2 2025. The company disclosed an unrealized gain of $14.05 billion and an associated deferred tax expense of $4.04 billion in its recent SEC filing. As of June 30, 2025, Strategy's digital asset carrying value stood at $64.36 billion, with a deferred tax liability of $6.31 billion. Despite these profits, Strategy decided to pause its Bitcoin purchases for the first time since April, maintaining its holdings at 597,325 BTC. This decision coincided with Bitcoin price fluctuations, which dipped to $105,400 before a brief rise past $110,000 earlier this month. Prior to this pause, Strategy had recently resumed buying after a temporary halt when Bitcoin's price fell below $87,000. The reported figures exceeded Bloomberg analysts' estimates for the same quarter, signaling the ongoing volatility and potential in the crypto market.

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