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Strategy plans to collect additional $ 21 billion to buy Bitcoin after loss of the first quarter

remon Buul by remon Buul
May 2, 2025
in Business
0
Strategy plans to collect additional $ 21 billion to buy Bitcoin after loss of the first quarter

The strategy, formerly known as Microstrategy, reported a drop of $ 16.49 per ordinary share in the first quarter of 2025 – a Bitcoin Bitcoin result during the period, the main Bitcoin cash company announced Thursday after the stock markets.

Tysons Corner, based in Virginia, recorded a loss of $ 5.9 billion on its Bitcoin holdings for the period.

The strategy said that it made a new equity offer of $ 21 billion, with the co -founder and executive president Michael Saylor on X that the financing would contribute to fueling the purchases of future bitcoins.

“With more than 70 public companies worldwide by now adopting a Bitcoin Treasury standard, we are proud to be at the forefront in the pioneer of this space,” said Phong le, president and chief executive management, in a press release.

The strategy was the development an initiative to issue actions to increase its Bitcoin assets.

The company has sold around $ 20.9 billion in ordinary shares since it has implemented its program to offer money stocks, with $ 128 million in ordinary shares for the issue and sale.

In October, the company said It plans to raise $ 42 billion through equity and fixed income sales over the next three years to buy more bitcoin than it could otherwise.

For the quarter, the income of $ 111 million dropped by 3.6% in annual shift. Subscription services revenues increased to $ 37.1 million up 61.6%.

The strategy, which has pivoted the development of software to focus on the accumulation of Bitcoin, now has around 554,000 BTC, worth around 53 billion dollars depending on the current prices.

The company bought its bitcoin at an average cost of $ 68,459 to April 28.

“We successfully executed our record of $ 21 billion atm from ordinary action, adding 301,335 BTC to our assessment while simultaneously reaching a 50% increase in the MSTR action course during the same period,” said the.

The strategy has closed some fractions from a percentage point to exchange $ 381.60, according to Yahoo Finance. Earlier in the day, it reached $ 403, a dollar from its top of all time while technological actions have increased on strong income from Meta and Microsoft.

Bitcoin was recently negotiated at around $ 96,600, up 2.1% in the last 24 hours, according to Coigecko data supplier. The largest digital asset by market capitalization increased by 13% in the last month after having passed from the end of January to the beginning of April.

Edited by Sebastian Sinclair

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