Strategy, the firm led by Michael Saylor, has declared its intention to amplify its capital raising strategy to $84 billion, reflecting a bold initiative to acquire additional Bitcoin. This announcement comes in the wake of a staggering $4.2 billion net loss reported during the first quarter of 2025.
The company’s financial difficulties are largely attributed to a newly implemented accounting standard that mandates firms to assess digital assets like Bitcoin at current market values.
Having accumulated approximately 554,000 BTC estimated at $53 billion, Strategy adopted this accounting rule in the first quarter following its approval late last year.
Strategy Submits Filing for Additional $21 Billion in Shares
In an update on Thursday, the Virginia-based company revealed it has filed to offer an additional $21 billion in common shares after fully utilizing its earlier $21 billion share issuance sanctioned in October.
Furthermore, Strategy has increased its debt issuance target, raising it from $21 billion to $42 billion, leaving $14.6 billion available under its current authorization.
This expansion aligns with Strategy’s commitment to fund Bitcoin acquisitions through a mix of equity and debt offerings.
Since the launch of its at-the-market equity program, the firm has successfully sold about $20.9 billion in shares, with a mere $128 million still on the table for sale.
In an earlier statement from October, Strategy highlighted plans to secure $42 billion over a three-year timeframe via equity and fixed income instruments to enhance its Bitcoin holdings beyond the means of traditional revenue streams.
Previously characterized as intangible assets, the firm’s Bitcoin holdings now face a new accounting regime that necessitates recording permanent impairments during periods of price decline while gains are only recognized upon sale.
JUST IN: Michael Saylor’s Strategy says it still has $57 billion left to raise to buy more #Bitcoin pic.twitter.com/3cgtX3vbWM
— Bitcoin Magazine (@BitcoinMagazine) May 1, 2025
During Q1 2025, Strategy reported revenues totaling $111 million, reflecting a 3.6% decline compared to the previous year. Nevertheless, revenue from subscription services surged to $37.1 million, marking a 61.6% increase year-over-year.
Under Saylor’s leadership, Strategy has evolved from its software roots to become a prominent leveraged proxy for Bitcoin exposure.
As of April 28, the firm’s average purchase price for its Bitcoin holdings stands at $68,459 per BTC.
Public Companies Increase Bitcoin Holdings by 16% in Q1 2025
In a broader industry trend, publicly traded corporations enhanced their Bitcoin portfolios by 16.1% during the first quarter of 2025, underscoring a sustained institutional interest in the premier cryptocurrency amid ongoing market fluctuations.
According to data from crypto asset management firm Bitwise, total corporate Bitcoin holdings reached around 688,000 BTC by the close of Q1, with companies collectively adding 95,431 BTC in the preceding three-month period.
Bitwise valued these holdings at approximately $56.7 billion, based on the closing price of Bitcoin at $82,445 during Q1, reflecting a 2.2% increase in overall worth.
In a notable move, healthcare technology company Semler Scientific expanded its Bitcoin investments with a recent $10 million acquisition, signaling a strategic shift towards digital assets.
This latest purchase elevates Semler Scientific’s total Bitcoin treasury to over 3,300 BTC, approximating a value of $300 million according to current market conditions.
