MicroStrategy announces a net loss of $4.2 billion in the first quarter despite a 13% Bitcoin return

MicroStrategy recently announced its Q1 2025 earnings report, revealing a net loss exceeding $4.2 billion despite gains from its Bitcoin holdings. Shortly thereafter, the company announced its intention to sell $84 billion in new offerings.

Reactions from shareholders vary, with some fearing fundamental failures and dilution of their own shares. However, this bold plan has its supporters, as the price of Bitcoin rises.

The largest Bitcoin purchase by MicroStrategy

MicroStrategy (formerly known as MicroStrategy) has shown little interest in changing its systematic Bitcoin acquisition strategy. Its latest earnings report takes great care to showcase the returns from this investment: it holds 553,555 BTC, with an average cost of $68,459 each, and has made gains of $5.8 billion from Bitcoin. Nevertheless, the company has lost more than $4.2 billion overall. The company's net losses are primarily due to an unrealized loss of $5.9 billion.