Michael Saylor’s firm, Strategy, reported a $4.2B loss in Q1 2025 but announced a $21B stock offering to purchase more Bitcoin. The firm’s impressive Bitcoin holdings now amount to 551,000 BTC, coinciding with a surge in Bitcoin’s price to over $97,340 amid rising institutional demand and positive ETF sentiment.
In a surprising move, Michael Saylor’s firm, Strategy, has unveiled its Q1 2025 financials, revealing a significant loss of $4.2 billion. Notably, the company currently holds an impressive 551,000 bitcoins (BTC) and is looking to bolster its cryptocurrency stash further. They’ve announced a bold $21 billion common stock offering aimed at funding additional Bitcoin purchases, a strategy that seems to reflect a strong belief in the digital asset’s future despite recent market obstacles.
On the same day as the financial report, Bitcoin’s price soared above $97,340, a testament to growing institutional interest. The surge comes alongside rising positive sentiments surrounding the altcoin ETF filings, even as delays were announced regarding several altcoin ETF verdicts. Analysts see the fresh ETF filings as encouraging signs that might enhance Bitcoin’s regulatory prospects over the coming months. At the moment, Bitcoin is trading at around $96,960, showing a nearly 2.5% increase over the last 24 hours.
