## Strategy Announces Lowered Revenue Forecast and Stock Offering Strategy (formerly MicroStrategy) recently announced its first-quarter results, revealing a net loss of $16.49 per share. This loss is largely attributed to the volatility and subsequent price decrease of Bitcoin during the quarter. Revenue for the quarter totaled $111 million, reflecting a 3.6% decrease year-over-year from $115 million. This figure also falls approximately 5% short of market expectations. Despite the revenue dip, the company reported cash and cash equivalents of $60.3 million as of March 31st. ## Continued Bitcoin Investment Despite Losses Notably, Strategy continued its aggressive Bitcoin accumulation strategy, purchasing 80,715 BTC in the first quarter. As of April 28th, their total Bitcoin holdings reached 553,555, valued at approximately $5.2 billion, with an average purchase price of $68,459 per coin. This signifies a continued bullish stance on Bitcoin's long-term value. ## $2.1 Billion Stock Offering to Raise Capital To further fuel its operations and potentially acquire more Bitcoin, Strategy announced plans for a public offering of up to $2.1 billion worth of stock through an "At-The-Market" (ATM) offering. This move aims to raise capital without significantly impacting the market price. ```

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