Strategy Plans to Raise Another $21 Billion to Buy Bitcoin Following Q1 Loss

Strategy, formerly known as MicroStrategy, reported a decline of $16.49 per common share in the first quarter of 2025—a result of Bitcoin’s price plunge during the span, the leading Bitcoin treasury firm announced Thursday.

The Tysons Corner, Virginia-based company recorded a loss of $5.9 billion on its Bitcoin holdings for the period.

Strategy said that it would issue a new $21 billion common stock equity offering, with co-founder and Executive Chairman Michael Saylor writing on X that the funding would help fuel future Bitcoin purchases.

“With over 70 public companies worldwide now adopting a Bitcoin treasury standard, we are proud to be at the forefront in pioneering this space,” said Phong Le, president and CEO of Strategy, in a statement.

Editor’s note: This breaking story will be updated with additional details.