Strategy, formerly known as MicroStrategy, reported a remarkable second-quarter profit of $10 billion, attributed to a rebound in the value of its Bitcoin holdings. The company, which holds more Bitcoin than any other publicly traded entity, disclosed a revenue of $114.5 million, up 3% from the previous year. After sustaining a loss of $5.9 billion in Q1 due to Bitcoin's price drop, which reached lows of $77,000, the asset's price climbed to as high as $111,000 in Q2, significantly boosting Strategy's profitability. The firm increased its Bitcoin stash by nearly 20% quarter-over-quarter, acquiring another 21,000 Bitcoin for $2.5 billion, bringing its total holdings to 597,000 BTC valued at around $74 billion. Strategy's stock has fluctuated recently, rising 1.5% after reporting earnings. This company has been a pioneer in the crypto treasury space, using innovative funding methods to bolster its Bitcoin purchases and maintain a competitive edge in the cryptocurrency market.

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