#SaylorBTCPurchase
⚡ Strategy Fails to Meet First Quarter Estimates and Increases Bitcoin Holdings ⚡
* Strategy, the largest holder of Bitcoin, announced its first quarter results as it continues to expand its Bitcoin holdings.
* The company recorded a loss of $16.53 per share for the quarter ending March 31, which is a much larger loss than the $0.11 per share loss that analysts expected.
* Revenues reached $111.1 million, down 3.6% year-over-year and below consensus estimates of $117.08 million.
* Despite failing to achieve the expected profits, it increased its Bitcoin holdings to 553,555, at a cost of $37.90 billion or $68,459 per Bitcoin.
* The company achieved a 13.7% and "Bitcoin gains" of 61,497 Bitcoins year-to-date.
* The CEO stated: We successfully implemented the standard $21 billion ATM common stock program, adding 301,335 Bitcoins to our balance sheet while achieving a 50% increase in MSTR's share price during the same period.
* The company also announced that it is raising its target for "Bitcoin yield" for 2025 from 15% to 25% and its target for "Bitcoin gains in dollars" from $10 billion to $15 billion.
Strategy fell by 0.1% after the earnings announcement, indicating that investors were largely neutral about the mixed results and the increase in Bitcoin holdings.