Strategy Raising Another $21B to Buy Bitcoin, Posts Large Q1 Loss on BTC Price Decline

Disclaimer: The expert who co-wrote this portion owns shares of Strategy (MSTR).

Strategy (MSTR) reported a first-quarter 2025 nonaccomplishment of $16.49 aft posting a $5.9 cardinal writedown connected its bitcoin stack acknowledgment to a sizable diminution successful the terms of BTC during the year's archetypal 3 months.

Led by Executive Chairman Michael Saylor, the company, though, shows nary signs of slowing its gait of bitcoin acquisitions. Having utilized up astir each of its erstwhile $21 cardinal communal banal offering with its astir caller BTC buys past week, the institution alongside net announced a caller $21 cardinal at-the-market offering.

Turning to its bundle business, gross for the 4th fell 3.6% to $111.1 cardinal from $115.2 cardinal the twelvemonth before. Subscription services gross for the 4th came successful astatine $37.1 million, compared with $23.0 cardinal successful the twelvemonth prior.

During the quarter, Strategy achieved an 11.0% "BTC Yield", reflecting maturation successful bitcoin (BTC) holdings comparative to diluted shares outstanding. The "BTC $ Gain" for the 4th was astir $4.1 billion, moving the institution person toward its people of a $10 cardinal summation for the year.

The institution lifted its semipermanent people for BTC Yield to 25% from 15% and for BTC $ Gain to $15 cardinal from $10 billion.

Shares of the institution are trading 27% higher year-to-date. Bitcoin is trading astir $96,547, astir 2.5% higher implicit the past 24 hours.

Including April purchases, the institution holds 553,555 bitcoin acquired for $37.9 cardinal oregon $68,459 each. That stack is worthy astir $53 cardinal astatine the existent price.

“Our superior markets strategy continues to turn our Bitcoin holdings portion delivering superior shareholder value. With implicit 70 nationalist companies worldwide present adopting a Bitcoin treasury standard, we are arrogant to beryllium astatine the forefront successful pioneering this space.” Phong Le, president and CEO of Strategy, said successful a statement.

Shares are marginally higher successful aft hours trading.