Today, Strategy delivered its Q1 2025 earnings report, asserting a 13.7% year-to-date “BTC Yield” and a $5.8 billion “BTC $ Gain.” The corporate now holds 553,555 bitcoins at a complete value of $37.9 billion—a median of $68,459 per coin—making it the undisputed chief in company Bitcoin reserves.
The corporate additionally introduced it’s doubling its capital elevating efforts from $42 billion to $84 billion. In line with President and CEO Phong Le, this plan is 32% full, and Strategy nonetheless has about $57 billion left to lift to purchase extra Bitcoin by way of 2027. Le acknowledged that Strategy might discover new methods of elevating capital over time to buy extra Bitcoin, along with their present strategies of fundraising.
Within the first 4 months of 2025, Strategy added 301,335 BTC to its stability sheet by way of a record-setting $21 billion at-the-market (ATM) fairness providing. With Bitcoin now buying and selling close to $97,300, Strategy’s unrealized features have soared even additional in Q2.
“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,” stated Phong Le, President and CEO. “In Q1, we also broadened our capital base with two of the most successful preferred stock IPOs in a decade.”
The corporate additionally introduced it’s rising its 2025 BTC Yield goal from 15% to 25%, and its BTC $ Gain goal from $10 billion to $15 billion—showcasing a bolder and extra aggressive Bitcoin acquisition technique.
Andrew Kang, Chief Monetary Officer, added, “We are thrilled to report a strong start to the year with a year-to-date BTC Yield of 13.7%, achieving over 90% of our 2025 target in just the first four months. Our year-to-date BTC $ Gain of $5.8 billion also meets 58% of our annual target. With strong market momentum and our successful treasury execution, we are increasing our 2025 BTC Yield target to 25% and BTC $ Gain target to $15 billion.”
Kang additionally famous the adoption of honest worth accounting for Bitcoin holdings, which led to a $12.7 billion uplift in retained earnings regardless of a $5.9 billion unrealized loss attributable to Q1’s closing BTC value of $82,445.
With over 70 public firms now adopting a Bitcoin treasury normal, Strategy continues to steer the motion—proving Bitcoin isn’t simply an asset, it’s a company cornerstone.
