Today, the strategy provided a Q1 2025 revenue report, which announced a 13.7% “BTC yield” and a $5.8 billion “BTC $ acquisition” since the start of the year. The company currently holds 553,555 Bitcoin at a total cost of $37.9 billion (average $68,459 per coin).
The company has also announced it will double its capital raising efforts from $42 billion to $84 billion. According to President and CEO Phong Le, the plan is 32% complete, with the strategy leaving around $57 billion left to buy more Bitcoin until 2027. Le said that in addition to current ways of raising funds, the strategy could explore ways to raise new capital over time to buy more Bitcoin.
In the first four months of 2025, the strategy added 301,335 BTC to its balance sheet with a record $21 billion in equity offering in the market. Bitcoin is currently trading nearly $97,300, which has seen an even more surge in unrealized profits from the strategy in the second quarter.
“We successfully ran a record $21 billion in common stock ATMs, adding 301,335 BTC to our balance sheet, and at the same time achieving a 50% increase in MSTR stock price over the same period,” said President and CEO Phong Le. “In the first quarter, we expanded our capital base with two of the most successful preferred equity IPOs of the decade.”
The company has also announced that it will increase its 2025 BTC yield target from 15% to 25% and its BTC $ target from $10 billion to $15 billion.
Chief Financial Officer Andrew Kang added: “We are excited to report a strong start to the year with an annual BTC yield of 13.7%, achieving more than 90% of our 2025 target in the first four months. BTC $ has achieved its target of $15 billion.”
Kang also noted that it adopted fair value accounting for Bitcoin holdings, bringing a $12.7 billion rise in revenue retained despite an unrealized loss of $5.9 billion due to $82,445 in the first quarter.
Now, over 70 public companies are adopting Bitcoin Treasury standards, so the strategy continues to lead the movement. It not only promotes Bitcoin, it is the foundation of a company.
