- Strategy lost $16.49B but still plans to buy more Bitcoin using a new stock offering.
- The company holds over 553K Bitcoins worth nearly $38B, showing strong faith in crypto.
- Bitcoin rose 14.79% last month, which may boost investor interest and support growth.
Strategy, a leading investment firm, plans to raise $21 billion to expand its Bitcoin holdings after reporting a $16.49 billion Q1 loss. This decision comes after a $5.9 billion writedown on its existing Bitcoin assets due to declining prices earlier in 2025. Despite the setback, the company maintains its aggressive Bitcoin acquisition strategy.
Massive Losses, Yet Unshaken Resolve
The 2025 First Quarter Financial Statement for Strategy revealed that operational expenses skyrocketed from 1,976% year-over-year during the quarter and eclipsed $6 billion. The major impetus was unrealized losses from the deployed firm’s Bitcoin holdings. Sales fell 3.6%, amounting to $111.1 million, while subscriptions have shown resilience with a year-on-year increase of 61.6%.
The cash reserves also increased to $22.2 million, amounting to $60.3 million as of December last year. The strategy was almost refreshed on the previous $21 billion common stock issuance for funding Bitcoin purchases. Only $128 million in common shares remain under its current at-the-market offering program. Michael Saylor, CEO of Strategy, confirmed the launch of a fresh $21 billion equity offering. “The money will support further Bitcoin purchases,” he wrote on X, reinforcing the firm’s commitment.
Holding the Most Bitcoin Globally
Strategy was at the top of the pile by holding 553,555 Bitcoins, worth nearly $37.9 billion, as of April 28, 2025, thus making it the largest corporate holder in the world. According to company data, this amounts to 2.64% of the total supply of Bitcoin. Phong Le, CEO of Strategy, stated: “With over 70 public companies worldwide now adopting a Bitcoin treasury standard, we are proud to be at the forefront in pioneering this space.”
Besides acquiring Bitcoin, the firm issued equity to fund purchases and lead institutional adoption. Strategy’s continued investment reflects strong confidence in long-term cryptocurrency value.
Related: Cantor Fitzgerald to Launch New Venture Mirroring Strategy
Bitcoin Rebounds Strongly in April
The price of Bitcoin exhibited a rebound after falling earlier in April, having gone below $80,000 briefly before it skyrocketed. As stated by CoinMarketCap, by April 30, it climbed above $95,000 and attained $96,665.51 on May 2. That reflects a monthly increase of 14.79%, with a market cap of $1.91 trillion.
Source: CoinMarketCap
Daily trading volume rose 12.70% to $31.98 billion while circulating supply reached 19.85 million BTC, approaching its capped 21 million limit. The company reported holding Bitcoin worth $43.5 billion at the quarter’s end.
Can Strategy sustain this aggressive approach in the face of volatile markets and tightening crypto regulations?
