MicroStrategy Doubles Down on Bitcoin with $21 Billion Equity Offering Despite Q1 Losses
Despite reporting a significant Q1 2025 loss due to Bitcoin’s volatility, MicroStrategy (now rebranded as Strategy) is pushing forward with a massive $21 billion equity offering to further invest in Bitcoin. This bold move underscores the company’s unwavering commitment to the leading cryptocurrency, even as it faces substantial impairment charges.
Strategy Plans $21 Billion Equity Offering to Double Down on Bitcoin After Q1 Loss
Strategy, the rebranded Bitcoin treasury firm formerly known as MicroStrategy, reported a $5.9 billion impairment charge on its BTC holdings during Q1 2025. The loss equates to $16.49 per share, directly tied to Bitcoin’s price volatility.
Undeterred, the company announced plans to raise $21 billion through a common stock offering. Executive Chairman Michael Saylor framed the move as strategic positioning, stating proceeds would fund additional Bitcoin acquisitions. "With over 70 public companies now holding Bitcoin treasuries, we’re leading this institutional adoption wave," said CEO Phong Le.
Bitcoin Eyes $100K Again as Market Momentum Builds
Bitcoin is climbing again, nearing the $100,000 mark after weeks of volatility triggered by President Trump’s tariff policies. The initial sell-off in early April has given way to a robust recovery, with BTC rising over 14% since "Liberation Day." market sentiment is shifting as investors return, betting on momentum rather than fear.
Stock markets are also rebounding, with the Nasdaq and S&P 500 regaining lost ground. Analysts interpret this bounce as a sign of growing risk appetite. Veteran trader Peter Brandt predicts further upside, suggesting Bitcoin could surge to $125,000 or even $150,000 in the NEAR term.
Kuwait Cracks Down on Crypto Mining Amid Energy Crisis
Kuwait has launched a sweeping crackdown on cryptocurrency mining operations, citing excessive electricity consumption as the nation grapples with blackouts. Authorities raided multiple residential mining sites, detaining over 60 suspects in an operation coordinated by the interior ministry.
The Gulf state, once among the world’s cheapest Bitcoin mining destinations, now blames energy-intensive mining operations for straining its power grid. Officials warn these activities risk triggering widespread outages across residential and commercial areas.
Strategy Raises Bitcoin Yield Target to 25% After $5.8B Yearly Gains
A Bitcoin-focused investment strategy has reported $5.8 billion in year-to-date gains, achieving a 13.7% BTC Yield as of April 28. The firm now projects a full-year BTC Yield of 25%, up from its previous 15% target, with anticipated BTC gains revised from $10 billion to $15 billion.
The strategy holds 553,555 BTC, acquired at an average cost of $68,459 per coin. A record $21 billion equity offering in Q1 allowed the firm to add 301,335 BTC to its holdings. Performance metrics include BTC Yield, BTC Gain, and BTC $ Gain—key indicators tracked internally.
Strategy Releases Q1 Financial Results: Michael Saylor Raises 2025 Bitcoin Targets
Strategy, formerly MicroStrategy, reported its Q1 2025 financial results, falling short of Wall Street expectations. The firm added 61,497 Bitcoins, bringing its total holdings to approximately 553,555 BTC. CEO Michael Saylor reaffirmed his bullish stance, projecting a 30% compounded annual growth rate for Bitcoin over the next two decades.
Bitcoin’s price rebounded above $96,000 for the first time since mid-February, underscoring Saylor’s optimism. Strategy achieved a BTC yield of 13.7% during the quarter, further solidifying its position as the leading corporate holder of the cryptocurrency.
