Bitcoin’s Q2 2025 Surge Fuels Record-Breaking Revenue for Strategy and Tether
Bitcoin's bull run isn't just making hodlers rich—it's turbocharging crypto giants.
Strategy and Tether just posted their fattest quarterly revenues ever, thanks to the king coin's relentless rally. No surprise—when BTC pumps, the ecosystem cashes in.
The numbers don't lie
While Wall Street hedgies were busy shorting the wrong asset (again), these players rode Bitcoin's wave to record profits. Tether's USDT dominance? Unshaken. Strategy's trading volume? Through the roof.
Here's the kicker: this isn't 2021's speculative frenzy. Institutional money's flooding in—and the smart players built infrastructure to capture it.
One cynical footnote: TradFi banks are still pretending stablecoins are 'high risk' while quietly hoarding them. The future's here—it's just unevenly distributed.
Saylor’s Bitcoin Mission Succeeding
Strategy also achieved a 25% bitcoin Yield year-to-date, far surpassing its full-year target ahead of schedule. This performance generated an unrealized BTC dollar gain of $13.2 billion YTD, including $14 billion in unrealized gains during Q2 alone due to Bitcoin’s price surge. Bitcoin gained 31% over the three-month period ending June 30.
The firm raised its internal Bitcoin KPI targets, increasing its BTC Yield goal from 25% to 30% and its BTC $ Gain goal from $15 billion to $20 billion for the full year.
“These achievements underscore the scale of our Bitcoin treasury strategy and the strength of our capital markets platform,” said Phong Le, President and CEO.
“These financial results, built upon the scale and performance of our Bitcoin balance sheet, are at all-time highs for the company and rank among the most successful quarterly results across the largest public companies in the world,” added chief financial officer Andrew Kang.
Executive chairman Michael Saylor said at the earnings call that the US should create a formal crypto taxonomy to clearly define when a security can be tokenized and what constitutes a commodity.
“My opinion is that it WOULD be beneficial to the market if they nail down the digital assets taxonomy.”
Tether Reports Bumper Revenue
The world’s largest stablecoin issuer, Tether, also boasted bumper revenues for the second quarter with $4.9 billion in profit, a 277% increase compared with the same period a year ago.
The big quarter brought its year-to-date total to $5.7 billion, and of this, $3.1 billion came from recurring revenue, while an additional $2.6 billion was driven by gains on Gold and Bitcoin holdings.
The firm disclosed it held $162.5 billion in reserves against $157 billion in liabilities as of June 30, 2025, demonstrating a strong surplus.
Tether just released its quarterly attestation for Q2 2025.
Highlights as of 30th June 2025:
* 157.1B total issued USDt, end of Q2 2025.
* 162.5B total assets/reserves, end of Q2 2025.
* 5.47B excess reserves, on top of the 100% reserves in liquid assets that back all issued… https://t.co/bejhVFkMYt pic.twitter.com/XYVmueWZ0G
— Paolo Ardoino (@paoloardoino) July 31, 2025
