Even after reporting a staggering $5.9 billion unrealized loss on Bitcoin holdings in Q1 2025, Michael Saylor and MicroStrategy aren’t backing down. In fact, they’re going even harder.
With BTC briefly dipping last quarter, the loss was paper-only—but now that Bitcoin’s trading near $96,600, Saylor’s squad is back in full accumulation mode. They’re sitting on 554,000 BTC, scooped up at an average of $68,459—worth around $53 billion today.
And how is he doing it? Easy—stock sales. MicroStrategy has already raised over $21 billion via share offerings, and there’s zero sign of slowing down. MSTR isn’t just holding the line—it’s pressing the gas.
According to CEO Phong Le, this “Bitcoin-first” model is catching fire globally, with more than 70 public companies reportedly adopting similar treasury strategies. Saylor’s not just building a balance sheet—he’s shaping a movement.
Despite the Q1 dip, MSTR stock is hovering near all-time highs, signaling that Wall Street’s still buying into the Bitcoin thesis.
Saylor’s message?
“We’re just getting started.”
