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Strategy reported a $4.2 billion net loss in Q1 missing both revenue and earnings expectations. The loss was driven mainly by unrealized losses of $5.91 billion on its bitcoin holdings. Despite the dip the company spent 7.66 billion to acquire over 80,000 BTC in the quarter.
Revenue dropped to $111.1 million falling short by 5 percent from analyst estimates. Subscription services grew 61% to $37.1 million showing resilience in the company’s core operations. Strategy now holds 553,555 bitcoins worth about $52 billion and has launched a new $21 billion at-the-market offering to continue funding its crypto strategy.
Chairman Michael Saylor remains bullish citing a year-to-date BTC Yield of 13.7 percent and a $5.8 billion BTC Gain. Strategy is raising its 2025 bitcoin profit target to $15 billion reaffirming its goal to securitize bitcoin and expand its holdings regardless of market volatility.
