Strategy, formerly MicroStrategy, the leading corporate holder of Bitcoin (BTC), released its first quarter 2025 financial results on Thursday, May 1. For the three-month period that ended on March 31, Strategy added 61,497 Bitcoins, thus currency holding about 553,555 Bitcoins.
As a result, Strategy achieved a BTC Yield of 13.7 percent in the first quarter of 2025.
The company continued to capitalize on the equity markets to purchase more Bitcoins during the first quarter.
“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. In Q1, we also broadened our capital base with two of the most successful preferred stock IPOs in a decade,” Phong Le, President and Chief Executive Officer at Strategy noted.
During the first quarter of 2025, Strategy recorded revenue of about $111.1 million, a decline of 3.6 percent year over year. The company reported a gross profit of $77.1 million in Q1 2025, compared to $85.2 million at the same time last year.
Analysts polled by FactSet anticipated Strategy to report a GAAP loss of 11 cents per share on sales of $117 million. Meanwhile, Strategy anticipates raising $84 billion in the coming quarters to purchase more Bitcoins.
The company’s long-term confidence in Bitcoin has helped attract more institutional investors in the industry. As a result, Bitcoin price has gained bullish sentiment akin to Gold. In the past two weeks, Bitcoin price gained over 13 percent to trade at about $96.6k at the time of this writing.
If BTC price manages to consistently close above $96k in the coming weeks, a rally beyond $109k will be inevitable.
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