tl;dr
Strategy, formerly MicroStrategy, reported a $16.49 per share loss in Q1 2025 due to a $5.9 billion decline in Bitcoin value. The company plans a $21 billion common stock equity offering to fund further Bitcoin purchases. CEO Phong Le emphasized their leadership in Bitcoin treasury adoption, with ov...
Strategy reported a $5.9 billion loss on its Bitcoin holdings in Q1 2025 due to the price decline of Bitcoin, resulting in a $16.49 per share loss. Despite this setback, the company remains committed to its Bitcoin acquisition strategy, planning a $21 billion equity offering to fund future purchases.
The company currently holds approximately 554,000 Bitcoin, valued at around $53 billion, with an average purchase price of $68,459 per Bitcoin. Since initiating its equity offering program, Strategy has sold about $20.9 billion in shares, with $128 million still available for issuance. Over the next three years, Strategy aims to raise $42 billion through equity and fixed income sales to expand its Bitcoin treasury further.
In terms of revenue, Strategy saw a 3.6% decline to $111 million in Q1 2025, although its subscription service revenues surged 61.6% year-over-year to $37.1 million. CEO Phong Le highlighted the company's leadership role as more than 70 public companies worldwide adopt a Bitcoin treasury standard.
Strategy added 301,335 Bitcoin via the recent $21 billion stock offering, a move that coincided with a 50% rise in its share price. The company’s shares closed at $381.60, near a recent high of $403, while Bitcoin traded around $96,600, up 13% over the past month. This demonstrates strong investor confidence and market momentum despite recent losses.
Formerly known as MicroStrategy, Strategy has pivoted from software development to focus primarily on Bitcoin accumulation, positioning itself at the forefront of corporate Bitcoin treasury adoption. This bold approach continues to attract attention as the company advances its vision amidst volatile cryptocurrency markets.