#SaylorBTCPurchase Strategy raises an additional $21 billion to buy Bitcoin and reports a significant loss in the first quarter due to the drop in BTC price

Strategy (MSTR) reported a loss of $ 16.49 in the first quarter of 2025 after recording an impairment of $ 5.9 billion in its bitcoin (BTC) stack following a considerable decrease in the price of BTC during the first three months of the year.

Led by CEO Michael Saylor, the company, however, shows no signs of slowing down its pace of bitcoin acquisitions. After exhausting nearly its entire prior offering of $21 billion in common stock with its recent BTC purchases last week, the company also announced a new $21 billion offering in the market.

Regarding its software business, quarterly revenue fell by 3.6% to $111.1 million, down from $115.2 million the previous year. Subscription service revenue for the quarter amounted to $37.1 million, compared to $23 million the previous year.

During the quarter, Strategy achieved a BTC return of 11.0%, reflecting growth in bitcoin holdings relative to diluted shares outstanding. The quarterly gain in BTC was approximately $4.1 billion, bringing the company closer to its profit target of $10 billion for the year.