Strategy Reports $5.8 Billion Year-to-Date Bitcoin Gain, Doubles Capital Plan To $84 Billion

Strategy, a prominent company in the financial sector, recently released its Q1 2025 earnings report, showcasing impressive results. The company reported a remarkable 13.7% year-to-date “BTC Yield” and a substantial $5.8 billion “BTC $ Gain.” With a total of 553,555 bitcoins in its reserves, acquired at an average cost of $68,459 per coin, Strategy solidified its position as the leader in corporate Bitcoin holdings.

In response to its strong performance, Strategy announced a decision to double its capital plan, increasing it from $42 billion to $84 billion. This move is aimed at further expanding the company’s Bitcoin reserves, with a target to purchase more bitcoins and increase its BTC Yield from 15% to 25% and its BTC $ Gain from $10 billion to $15 billion. President and CEO Phong Le expressed confidence in the company’s ability to raise the necessary capital to achieve these ambitious targets, hinting at potential new fundraising strategies in the future.

During the first four months of 2025, Strategy successfully added 301,335 BTC to its balance sheet through a record-setting $21 billion at-the-market (ATM) equity offering. This significant acquisition, coupled with the rising value of Bitcoin, resulted in substantial unrealized gains for the company in Q2.

Phong Le highlighted the successful execution of the equity offering, which not only bolstered Strategy’s Bitcoin reserves but also led to a 50% increase in the company’s share price. Additionally, Strategy conducted two highly successful preferred stock IPOs, further diversifying its capital base.

Chief Financial Officer Andrew Kang shared his enthusiasm for the company’s strong start to the year, with a year-to-date BTC Yield of 13.7% and a BTC $ Gain of $5.8 billion, surpassing a significant portion of the annual targets. Kang also noted the adoption of fair value accounting for Bitcoin holdings, resulting in a $12.7 billion uplift in retained earnings despite a $5.9 billion unrealized loss.

With the increasing adoption of Bitcoin as a corporate asset, Strategy continues to lead the way with its bold and aggressive acquisition strategy. As over 70 public companies embrace a Bitcoin treasury standard, Strategy’s success reaffirms Bitcoin’s status not just as an asset but as a fundamental component of corporate financial strategy.