Strategy Reports $10 Billion Q2 Profit, Plans to Raise $4.2 Billion to Buy More Bitcoin - Decrypt

Strategy Reports $10 Billion Q2 Profit, Plans to Raise $4.2 Billion to Buy More Bitcoin - Decrypt

Strategy, formerly known as MicroStrategy, reported profit of $10 billion after its Bitcoin holdings rebounded during the second quarter.

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Crypto markets are chill but mostly in the green today: Bitcoin’s hanging around $114,167 (down 0.09%), Ethereum’s at $3,633 (+1.85%), Solana at $167 (+2.11%), and BNB sits near $759 (+0.21%). Litecoin steals the show with a 5.5% bump to $123, while Uniswap (+3.9%), Avalanche (+2.3%) and Bitcoin Cash (+3.3%) also flex.

Stablecoins like USDC, USDT and USDS cling to the $1 peg, but a few coins are slipping—Stellar’s down 1%, Monero’s off by 3.5%, TON drops almost 3%, and Shiba Inu dips about 0.5%. Overall, it’s a mixed bag but mostly up for the alts.