Strategy lost $6 billion due to Bitcoin drop in Q1

Michael Saylor’s Strategy company announced an unrealized loss of up to $5.91 billion from its investment in Bitcoin in the first quarter of 2025, according to a filing with the (SEC) on April 7.

From January to March 2025, Strategy purchased 80,715 BTC with a total value of 7.66 billion USD, equivalent to an average price of 94,922 USD/BTC.

However, during this same period, the price of Bitcoin fell sharply by 11.8%, marking the deepest quarterly decline since 2018. This caused the asset value of Strategy to drop significantly, resulting in a book loss of nearly 6 billion USD.

Buy Bitcoin in Q1 of Strategy (Source: SEC filings)Despite suffering significant losses, Strategy still hopes to recover part of it thanks to a tax income benefit worth 1.69 billion USD.

Raising funds to buy Bitcoin

To fund the large purchasing round in Q1, the Strategy has implemented various forms of fundraising:

• Selling Class A common stock through transactions on the free market, raising 4.37 billion USD
• Issued convertible bonds 2030B, raising 1.99 billion USD
• Issued Perpetual Strike preferred shares, raising an additional 593.7 million USD
• Issued Perpetual Strife preferred shares, raising 710 million USD from the initial sale

In total, Strategy has raised 7.69 billion USD in Q1 to support its Bitcoin accumulation strategy.

As of March 31, Strategy holds a total of 528,185 BTC, purchased at a total cost of approximately 36 billion USD, equivalent to 67,458 USD/BTC.

At the current market price, the nominal value of this Bitcoin has exceeded 43 billion USD.

You can check the BTC price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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