Strategy Aims To Raise $21 Billion For Additional Bitcoin Buys Despite Posting A Record Q1 Loss ⋆ ZyCrypto

By: bitcoin ethereum news|2025/05/02 14:45:01
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Michael Saylor’s Bitcoin-buying firm, Strategy, reported a first-quarter loss of $16.49 per common share due to BTC’s sizable price drawdown during the span. The publicly listed company recorded a loss of $5.9 billion on its massive Bitcoin stack in Q1 2025 following the adoption of an accounting change that requires valuing the firm’s holdings at market prices. Despite the loss, Strategy is pushing ahead with plans to raise $21 billion through an at-the-market equity offering to finance its bold Bitcoin strategy. Strategy’s Bitcoin Buying Spree Strategy said on Thursday that it would issue a new $21 billion common stock equity offering, with the company’s Executive Chairman, Michael Saylor, revealing on X that the funding would finance future Bitcoin purchases. “With over 70 public companies worldwide now adopting a Bitcoin treasury standard, we are proud to be at the forefront in pioneering this space,” said Phong Le, president and CEO of Strategy, in an official statement. Strategy, which pivoted from business intelligence to focus on accumulating Bitcoin, now owns 553,555 BTC, worth around $53 billion based on current prices. Led by Bitcoin bull Saylor, the Strategy shows no signs of slowing its pace of BTC buys. Having nearly depleted all of its previous $21 billion common stock offering with its most recent BTC buys last week. “We successfully executed our record $21 billion common stock ATM, adding 301,335 BTC to our balance sheet while simultaneously achieving a 50% increase in MSTR share price during the same period,” Le posited. Alongside the latest capital raise, Strategy also reported a year-to-date BTC Yield of 13.7%, a proprietary performance metric measuring the percentage change in Bitcoin per diluted share. The company’s BTC $ Gain for Q1 stood at $4.1 billion, nearly halfway toward its $10 billion target for the year. Strategy is now even more ambitious. It raised its BTC Yield target to 25% from 15% and upped its BTC $ Gain target to $15 billion. Le credited the momentum to “successful capital execution”. Bitcoin was changing hands at $96,973 as of press time, up 0.8% on the day, according to data from CoinGecko. The apex crypto is still 10.9% down from its current lifetime peak of nearly $109,000 set in January. Source: https://zycrypto.com/strategy-aims-to-raise-21-billion-for-additional-bitcoin-buys-despite-posting-a-record-q1-loss/

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