Strategy, formerly known as MicroStrategy, reported a decline of $16.49 per common share in the first quarter of 2025—a result of Bitcoin’s price plunge during the span, the leading Bitcoin treasury firm announced Thursday after equity markets closed.
Tysons Corner in Virginia recorded a $5,9 billion loss for its Bitcoin holdings during the same period.
Strategy announced that it will issue a $21 billion equity offer, and co-founder Michael Saylor wrote on X about how the funds would be used to fuel future Bitcoin purchases.
In a press release, Phong Le (President and CEO, Strategy) said: “With more than 70 companies adopting Bitcoin as a treasury system, we’re proud to have pioneered this area.”
Strategy was the first to introduce a new initiative, issuing shares of its Bitcoins.
Since establishing its equity at-the money offering program in 2007, the company has issued and sold $128 million worth of shares.
The company has announced its October 2018 financial results. You can also read about the importance of this in our article It plans to sell equity and fixed-income securities to raise 42 billion dollars over the next 3 years in order to buy more Bitcoin.
The quarter’s revenues, which totaled $111,000,000, decreased 3.6% from the previous year. Subscription services' revenues, meanwhile, increased to $37.1 million, up 61.6%.
Strategy, who shifted from software development and focused on Bitcoin accumulation, owns about 554,000 BTC. This is valued at around $53 billion according to current prices.
As of April 28, the company bought its Bitcoins at a cost average of $68,459
“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 said.
According to Reuters, Strategy gained a fraction of a percent to close at $381.60. Yahoo Finance The stock rose by a dollar to $403 earlier that day as the technology sector soared following strong results from Microsoft and Meta.
Bitcoin recently traded for about $96,600. That’s an increase of 2.1% in just the past 24 hour, says data provider CoinGecko. According to data provider CoinGecko, Bitcoin has risen 13% since the beginning of April after falling by as much as 50% from December through January.
Sebastian Sinclair is the editor
