币界网报道：Strategy (formerly MicroStrategy) is once again making the market take notice, this time as its stock is up 7.76% to $402.28, according to Google Finance. MSTR stock is soaring. The company, which trades under the NASDAQ symbol MSTR, is fueling its growth not from its software business but from its massive Bitcoin [BTC] holdings, which stood at over 528,000 BTC as of March. With those assets, valued at around $43.5 billion, Strategy is on track to generate as much as $14 billion in earnings by the second quarter of 2025. Since pivoting to a Bitcoin-centric strategy in 2020, the company’s stock has surged more than 3,300%, far outpacing Bitcoin’s own 1,000% gain over the same period. In the second quarter of 2025 alone, MSTR is up 40%, easily outpacing the S&P 500’s 11% gain. This trend isn’t unique to Strategy. Japan’s Metaplanet — another company on the cryptocurrency frontier — reported a 42% quarter-over-quarter revenue increase for its Bitcoin business, also beating S&P 500 growth expectations. Notably, for the third consecutive quarter, public companies with large Bitcoin treasuries have outperformed ETFs in terms of BTC net accumulation, suggesting that institutional confidence in crypto is rising. MSTR Outpaces Multiple Tech Giants. Bloomberg recently reported that Michael Saylor’s (Strategy’s Chairman) cryptocurrency strategy could translate into around $14 billion in unrealized gains in the second quarter, putting Strategy on par with corporate giants like Amazon and JPMorgan. Interestingly, these massive gains were not underpinned by traditional businesses, as analysts expected the company to report just $112.8 million in software revenue. Instead, the impressive performance stems from Bitcoin’s rally and recent changes in accounting standards that impact how crypto assets are valued on balance sheets. Michael Saylor commented on X, and the community reaction was mixed. As expected, the crypto community also appreciated Strategy’s success, with one X (formerly Twitter) user noting that another X user, Cole, expressed a similar sentiment, which coincides with the company’s recent outperformance of US spot ETFs in Bitcoin accumulation, indicating a shift in institutional confidence. While this surge has enhanced the appeal of direct exposure to Bitcoin through corporate treasuries, it has also sparked criticism. Notably, long-time Bitcoin skeptic Peter Schiff has pointed the finger at these companies, arguing that their aggressive cryptocurrency positions are more speculative than strategic. This has added fuel to the ongoing debate over the role of Bitcoin in corporate finances. He further added that Bitcoin’s price action. Meanwhile, Bitcoin’s recent rebound after a drop to $105,000 has reignited bullish sentiment in the market. At press time, BTC is up 2.19% over the past 24 hours and appears to be regaining its footing. If this upward momentum continues, Bitcoin could challenge the $111,000 resistance level again, which could mark a key breakout point. With institutional accumulation strengthening and market sentiment optimistic, all eyes are on whether BTC can sustain this trajectory and consolidate new upside in the current cycle.