Key dishes to remember
- The strategy reported a loss of $ 4.2 billion due to an unrealized brand of $ 5.9 billion reflecting the Bitcoin price.
- The company plans to raise $ 21 billion for an accelerating bitcoin strategy thanks to equity offers.
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The strategy reported a net loss of $ 4.2 billion in the first quarter of 2025, mainly due to an unrealized brand of $ 5.9 billion under new fair value accounting rules, reflecting the price of the Bitcoin quarter of $ 82,445.
Despite the loss, the company goes ahead with plans to collect $ 21 billion thanks to a market equity offer to finance its aggressive Bitcoin strategy.
The planned capital increase coincides with the increase in Bitcoin at nearly $ 96,000 at the end of April, positioning the strategy for a gain of more than $ 8 billion in the second quarter.
According to the report, the strategy held 553,555 BTC at the end of April, acquired at an average cost of $ 68,459, with actions up 27% of the year. The company added 301,335 of those in the first quarter, continuing its aggressive accumulation strategy.
In addition to the capital increase, the strategy also reported a BTC return for the start of the year 13.7%, a owner performance metric measuring the percentage of Bitcoin variation by diluted part. Its BTC $ gain was $ 4.1 billion for the quarter, almost half of its original 10 billion dollar target.
Now the company becomes more ambitious. It has increased its BTC yield target target by 15% and increased its BTC $ $ 15 billion winning target. The CEO Phong attributed it to the momentum to a “successful execution of capital” and said that more than 70 public companies in the world had started to adopt a Bitcoin cash model.
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