- Strategy raised $21 billion to increase its Bitcoin holdings to over 553,000 BTC despite a $4.2 billion Q1 loss.
- The move fueled Bitcoin’s rise past $97,000, driven by growing institutional demand and renewed ETF optimism.
Michael Saylor’s Bitcoin bet just got bolder. Despite posting a $4.2 billion loss in Q1 2025, his firm, Strategy, has launched a staggering $21 billion common stock offering to buy even more Bitcoin—cementing its status as the world’s largest corporate BTC holder.
A Bold Move in the Face of Losses
Strategy’s financial report released Thursday revealed a Q1 loss, yet it didn’t dampen the firm’s aggressive Bitcoin strategy. Company ended the quarter with 553,555 BTC and successfully executed a $21 billion stock offering.
According to CEO Phong Le, the offering not only added 301,335 BTC to Strategy’s reserves but also triggered a 50% surge in the company’s share price. Strategy raised its 2025 BTC yield target to 25% and increased projected BTC gains from $10B to $15B.
Bitcoin Surges Past $97K
The announcement coincided with a strong move in Bitcoin markets. BTC climbed to a 70-day high of $97,310, fueled by institutional interest and optimism from recent altcoin ETF filings—despite delays from the U.S. SEC. At the time of writing, Bitcoin is trading near $96,960, up 2.5% in 24 hours.
The broader market is also gaining confidence following the SUI spot ETF filing by 21 Shares, which eased concerns about regulatory setbacks and reinforced bullish sentiment heading into Q2 2025.
A New Bitcoin Treasury Standard?
Strategy’s unwavering approach is influencing more than just markets. Over 70 public companies have now adopted the Bitcoin Treasury Standard championed by Saylor. The Arizona legislature passed a bill to establish crypto reserves, strengthening Bitcoin’s role as a legitimate balance sheet asset.
Fair value accounting for BTC, adopted by Strategy this quarter, also boosted its retained earnings by $12.7 billion, adding a layer of financial resilience despite BTC’s Q1 close at $82,445.
Macroeconomic pressures, including a weakening labor market, may lead to a Federal Reserve rate cut, benefiting Bitcoin. Analysts now view corporate and ETF accumulation as crucial buffers against volatility, with some predicting BTC could enter price discovery above $110,000 in the coming months.
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