Strategy Posts $14 Billion Unrealized Gain in Second Quarter

Michael Saylor’s Strategy registered an unrealized gain of $14.05 billion in the second quarter due to a rebound in Bitcoin’s price and a recent accounting change.

The unrealized gain was partially offset by a related deferred tax expense of $4.04 billion, the company said in a US Securities and Exchange Commission filing on Monday. This is the first week the company formerly known as MicroStrategy Inc. has not purchased additional tokens since April. Strategy owns about $65 billion in Bitcoin, making it the largest corporate holder of the cryptocurrency.