Strategy reports $5.8 billion in Bitcoin earnings to date, doubled capital plans to $84 billion

Today, Strategy released its Q1 2025 earnings report, announcing year-to-date “BTC yield” and $5.8 billion in “BTC $yield.” The company now holds 553,555 bitcoins with a total cost of $37.9 billion, with an average of $68,459 per coin, making it the undisputed leader in the company’s Bitcoin reserves.
The company also announced that its capital raising efforts have increased from $42 billion to $84 billion. President and CEO Phong Le said the plan is 32% completed and the strategy still has about $57 billion in fundraising to buy more bitcoins by 2027. In addition to current fundraising methods, strategies can explore new ways to buy capital over time to buy more Bitcoin, LE said.
In the first four months of 2025, the strategy provided a balance sheet of 301,335 BTC through a record $21 billion market (ATM) equity. Strategic unrealized earnings soared further in the second quarter as Bitcoin trades approached $97,300.
“We successfully executed a record $21 billion common stock ATM, adding 301,335 BTC to the balance sheet for the same period while reaching a 50% increase in MSTR stock price,” said Phong Le, president and CEO. “In the first quarter, we also expanded our capital base with two of the most successful stock IPOs in a decade.”
The company also announced that it would increase its 2025 BTC earnings target from 15% to 25%, and its BTC $ earnings from $10 billion to $15 billion, a bolder and more aggressive Bitcoin acquisition strategy.
Chief Financial Officer Andrew Kang added: “We are pleased to have a strong start with the young BTC yield report, which has yielded 13.7%, and over the first four months, our 2025 target accounted for more than 90% of our 2025. Our annual BTC $58 billion matches our annual business target with 58% of our annual business target. BTC $ lowers its target to $15 billion.”
Kang also noted that through fair value accounting for Bitcoin holdings, this resulted in $12.7 billion in retained gains, despite $5.9 billion in unrealized losses due to the first quarter closing price of $82,445.
Now more than 70 listed companies adopt Bitcoin treasury standards, and the strategy continues to lead the movement – providing Bitcoin is not only an asset, but a cornerstone of the company.