Overview
- Strategy now holds 553,555 Bitcoin, valued at approximately $53.5 billion, solidifying its position as the largest corporate Bitcoin reserve holder.
- The company reported a $5.91 billion first-quarter loss due to unrealized write-downs of its Bitcoin holdings under fair-value accounting rules.
- Strategy announced a $21 billion at-the-market equity offering to fund further Bitcoin acquisitions, raising its Bitcoin gain target to $15 billion for 2025.
- Legacy software revenue fell 3.6% year-over-year to $111.1 million, missing consensus estimates of $116.3 million, as the firm continues shifting focus to Bitcoin.
- Bitcoin prices have surged above $97,000, boosting Strategy’s stock, which reached a year-to-date high of $403 per share.