Strategy Plans to Raise $21 Billion for Bitcoin Investments Amidst Significant Q1 Loss

Key Points:

Financial Loss: Strategy reported a substantial first quarter loss amounting to $4.2 billion, or $16.49 per share, due to falling Bitcoin prices.
New Offering: The firm announced a new $21 billion at-the-market stock equity offering.
Bitcoin Holdings: The company held 528,185 BTC at the end of the quarter, which has since increased to 553,555 BTC.

Financial Summary

Strategy (MSTR) recently declared a first-quarter 2025 loss, primarily driven by a $5.9 billion writedown on its Bitcoin holdings, reflecting a sharp decrease in BTC prices.

Michael Saylor, the Executive Chairman of Strategy, emphasized the company’s commitment to further Bitcoin acquisitions despite recent losses, with an updated long-term target for BTC Yield set at 25%, up from 15%, and a target for BTC Gain raised to $15 billion from $10 billion.

Shares of the company are notably 27% higher year-to-date, with Bitcoin currently trading around $96,547, representing a 2.5% increase in the last 24 hours.

“Our capital markets strategy continues to grow our Bitcoin holdings while delivering superior shareholder value. With over 70 public companies worldwide now adopting a Bitcoin treasury standard, we are proud to be at the forefront in pioneering this space.”
— Phong Le, President and CEO of Strategy.

Shares experienced a slight increase in after-hours trading.

Further financial details are available in the full earnings report.