One of the companies investing in Bitcoin on the most aggressive institutional scale, Strategy (formerly known as MicroStrategy), has shared its Q1 2025 results.The announced figures show that the company has not only maintained but also strengthened its commitment to crypto.
553,555 BTC: The Strategy Is Now Clear
The total amount of Bitcoin held by Strategy has reached 553,555 BTC.The average purchase price is $68,459.This massive position cost the company $37.9 billion in total.Its current market value is approximately $52 billion.
In short, the company has now transformed from a technology firm into a Bitcoin holding company.
Targets Revised Upward
The management has updated its Bitcoin targets for the remainder of 2025:
- BTC return target: from 15% → 25%
- BTC profit target: from $10 billion → $15 billion
The strategy has not changed—it has only become bolder.This move shows that the company maintains its long-term conviction despite short-term volatility.
But Financial Pressure Remains
The company reported a net loss of $4.2 billion in Q1.A major part of this loss stems from an unrealized loss of $5.9 billion, calculated under new accounting standards.
In other words, this loss is due to the revaluation of unsold BTC based on falling market prices.It’s a paper loss—the positions are still intact.
New Capital for New BTC Purchases
To continue this journey, Strategy is preparing for a new $21 billion stock offering.The plan is clear: the raised capital will be directly used for new Bitcoin acquisitions.
This is a continuation of the model the company has been following since 2020.If crypto goes up, the company grows.If it goes down, the balance sheet takes a hit.
