Software & AI company Strategy (MSTR) released its financial results for Q1 2025, posting a net loss of $4.217 billion compared to a net loss of $53.1 million (YoY). Revenue came in at $111.1 million, down 3.6% while subscription services revenue increased by 61.6% (YoY).
Interestingly, the company has announced a new $21 billion at-the-market (ATM) common stock equity offering after using up its previous offer to buy more bitcoin last week and is not hitting the brakes on making more bitcoin acquisitions.
“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,” said Phong Le, President and Chief Executive Officer.
The largest corporate holder of bitcoin has increased its 2025 BTC Yield target from 15% to 25%. BTC Yield represents the percentage change, during a period, of the ratio between the Company’s bitcoin holdings and its assumed diluted shares outstanding.
And thanks to the rising Bitcoin prices in the last few weeks, Strategy has increased its 2025 BTC dollar gain target from $10 billion to $15 billion. Here, BTC $ Gain represents the dollar value of the BTC Gain calculated by multiplying the BTC Gain by the market price of bitcoin.
The company remains optimistic about its Bitcoin strategy and the potential for continued growth in its digital asset holdings. Executive Chairman Michael Saylor tweeted about the company’s growth compared to other tech majors saying it has seen a 3000% rise since adopting the Bitcoin Standard.
