Strategy (MSTR), known for its cryptocurrency investments, announced that it will conduct a $21 billion stock sale to raise its Bitcoin targets for a massive acquisition.
Strategy (formerly MicroStrategy), the world's largest institutional Bitcoin (BTC) investor, reported a loss of $4.2 billion in the first quarter of 2025, falling short of expectations. According to the data released by the company, Strategy owns a total of 553,555 BTC, which were purchased at an average price of $68,459, resulting in a total cost of $37.9 billion. The current market value of Bitcoin assets is estimated to be around $52 billion.
The company raised its previously announced targets for 2025, increasing the BTC Yield target from 15% to 25% and the BTC earnings target from $10 billion to $15 billion. BTC Yield is used as an important indicator measuring the performance increase of the company's Bitcoin assets per share.
New purchases will continue
Strategy's most notable move was the announcement of a $21 billion at-the-market (ATM) stock sale for new Bitcoin purchases. The company aims to further grow its Bitcoin reserves with this massive funding.
Strategy's Chairman Michael Saylor stated that the company is committed to its Bitcoin strategy and will continue to make Bitcoin purchases despite the price declines. Saylor sent a clear message to the markets by saying, 'Our business model is based on tokenizing Bitcoin. We will continue to buy Bitcoin.'
The company's CEO, Phong Le, stated that they aim to increase shareholder value while expanding reserves through Bitcoin-based capital management. Strategy's determination is considered a significant development that strengthens the trend of approximately 70 publicly traded companies worldwide adopting Bitcoin as a reserve asset.