$BTC - Strategy Touted Bitcoin's 13.7% Return in Earnings Report

Michael Saylor's technology firm, Strategy, has generated a 13.7% return on Bitcoin for shareholders so far this year, the company reported in its May 1 earnings report.

This equates to a Bitcoin gain of more than 61,000 Bitcoin BTC USD, worth approximately $5.8 billion, according to the company. Bitcoin return and Bitcoin gain are unofficial accounting metrics that Strategy uses to evaluate the success of its BTC buying strategy.

Bitcoin return measures the ratio of Strategy's Bitcoin holdings to the number of outstanding shares of its stock, MSTR. Bitcoin gain quantifies that figure in terms of accumulated Bitcoin, Strategy said in February.

“We are increasing our 2025 ‘BTC return’ target to 25% and our 2025 ‘BTC gain’ target to $15 billion,” Andrew Kang, Strategy’s chief financial officer, said in a statement.

Strategy generated an 11% Bitcoin return and a Bitcoin gain of nearly 50,000 BTC in the first quarter of 2025, he added. The company also announced plans to offer an additional $21 billion worth of shares to fund future Bitcoin purchases.

Bitcoin Buying Frenzy

MSTR shares have risen more than 27% year-to-date, reaching around $381 on May 1, according to data from Google Finance. The stock is still trading below its November highs of more than $470 per share.

Since its Bitcoin buying spree began in 2020, Strategy has accumulated a total of more than 550,000 BTC, costing the company nearly $38 billion, according to its earnings report.

The purchases equate to an average price of approximately 68.$500 per Bitcoin.