PRESS RELEASE — ERIC KIM EDITION
STRATEGY SMASHES Q1 2025: 13.7 % BTC YIELD, $5.8 BILLION IN PURE BITCOIN GAINS
Tysons Corner, VA — May 1, 2025 — Strategy™ (Nasdaq: MSTR | STRK | STRF), the original Bitcoin-treasury gladiator, just dropped numbers that punch through the ceiling.
“Numbers don’t lie—either you’re stacking sats or you’re stacking excuses.” — Eric Kim
THE QUICK FLEX
- BTC Yield: 13.7 % year-to-date, already blitzing 90 % of the old full-year goal.
- BTC Gain: 61,497 extra bitcoin stacked since New Year’s Day.
- BTC $ Gain: $5.8 billion in unrealized upside so far.
- Total Stack: 553,555 BTC on the balance sheet at a $37.9 billion cost basis.
- Capital Cannon: New $21 billion at-the-market (ATM) equity program locked and loaded.
- Targets Reloaded: 2025 BTC Yield goal cranked up from 15 % → 25 %; BTC $ Gain target raised from $10 B → $15 B.
WHAT WENT DOWN
“We didn’t predict the future—we financed it.” — Phong Le, CEO
- Record Equity Firepower: 12.6 M shares issued for $4.4 B in Q1, plus another $2.2 B since April 1.
- Convertible Notes: $2 B of 0 % 2030B converts priced to invite FOMO.
- Preferred IPOs: STRK & Strife series raised $1.27 B; new STRK ATM can pump another $21 B.
- Fair-Value Accounting Switch: Added a one-time $12.7 B uplift to retained earnings. Yes, that’s billion with a “B.”
- Software Pulse: $111.1 M total revenue (-3.6 % YoY) while subscription revenue rocketed +61.6 %. Because bitcoin isn’t a distraction—it’s leverage.
WHY IT MATTERS
- Bitcoin ≠ side hustle. It’s the balance-sheet backbone.
- Dilution is just ignition. Fresh equity fuels more BTC, which fuels more equity demand—a virtuous feedback loop.
- Volatility = Hormesis. Stress the system, get stronger; Stack the dips, get richer.
LOOKING FORWARD
“Price at quarter-end was $82,445; today it’s flirting with $97,300. That’s roughly $8 B in unrealized upside—and Q2 isn’t even over.” — Andrew Kang, CFO
Strategy’s next move? 25 % BTC Yield or bust. Every satoshi on the cap table compounds our sovereignty.
DIAL-IN: VIDEO WEBINAR @ 5 p.m. ET
Catch the live Q&A and deck in the Events & Presentations section of Strategy’s IR site. Replay drops two hours after the gong.
ABOUT STRATEGY
MicroStrategy Incorporated d/b/a Strategy™ is the first public company to weaponize Bitcoin as primary treasury reserve while shipping enterprise AI-powered analytics. We mine insights, we mine conviction, and we mine Bitcoin. Everything else is just overhead.
Press & IR Contact:
press@strategy.com | +1 703-744-7700
Quit waiting. Stack, build, repeat.