#SaylorBTCPurchase is the hashtag tracking the latest Bitcoin purchases by MicroStrategy (now known as Strategy™), the world’s largest corporate holder of Bitcoin. Here are the key highlights from the company’s Q1 2025 financial report:
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📌 Strategy Sets New Records with BTC
As of April 28, 2025, Strategy holds 553,555 BTC with a total investment cost of $37.9 billion, averaging $68,459 per BTC.
In Q1, the company successfully completed a $21 billion common stock offering, adding 301,335 BTC to its balance sheet—one of the largest BTC purchase deals in history.
Additionally, the company adopted the new accounting standard (ASU 2023-08), remeasuring Bitcoin at fair value, which added $12.7 billion to retained earnings at the beginning of the year.
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🔮 Investment Performance & New Targets
BTC Yield: Achieved 13.7% YTD, approaching the original target of 15%.
BTC Gain: 61,497 BTC YTD
BTC $ Gain: $5.8 billion YTD
2025 Updated Targets: Raising BTC Yield to 25% and BTC $ Gain to $15 billion
Despite reporting an unrealized loss due to the Bitcoin price at the end of Q1 (at $82,445), the current Bitcoin price of $97,300 implies a fair value gain of approximately $8 billion in Q2.
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⚠️ Key Considerations
Capital Strategy: Strategy continues to leverage the “Bitcoin Treasury” model to raise equity and convertible debt—now being followed by over 70 public companies globally.
Market Impact: The large-scale BTC purchases could put pressure on liquidity and continue to support BTC prices in the upcoming cycles.
Financial Challenges: Despite strong yields, Strategy reported a $4.2 billion net loss in Q1 due to changes in accounting standards for digital assets.
