Strategy Reports $16.49 Loss in Q1 2025 Amid Bitcoin Writedown
Strategy (MSTR) First Quarter 2025 Financial Results
- Reported a loss of $16.49 due to a $5.9 billion writedown on bitcoin holdings.
- Continued bitcoin acquisitions despite losses, announcing a new $21 billion at-the-market offering.
- Software revenue fell 3.6% to $111.1 million; subscription services revenue increased to $37.1 million.
- Achieved an 11.0% "BTC Yield" with a $4.1 billion gain towards a yearly target of $10 billion.
- Increased long-term targets for BTC Yield to 25% and BTC Gain to $15 billion.
- Shares up 27% year-to-date; bitcoin trading around $96,547, up 2.5% in 24 hours.
- Currently holds 553,555 bitcoin worth approximately $53 billion.
CEO Phong Le emphasized the company's commitment to growing bitcoin holdings while enhancing shareholder value.
Shares slightly up in after-hours trading.