Bitcoin-powered strategy companies make huge profits as cryptocurrency wave

Strategy Inc. reported a return of 22.7% in the first half of 2024, surpassing the Nasdaq's 16.4% gain, thanks to a Bitcoin-focused strategy that accounts for more than 60% of its asset management scale. The company uses derivatives and direct holdings to manage volatility, with the Sharpe ratio reaching 1.3. The company plans to expand digital asset research and explore institutional Bitcoin custody services.