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2025-05-04 17:10:43

Strategy went into the red by $4.2 billion, despite the growth of bitcoin

In the first quarter, the company earned $5.8 billion on BTC, but this did not save it from a net loss of $4.2 billion

The main reason is unrealized losses on balance-sheet bitcoins ($5.9 billion)

Strategy shares fell to $380.11 after the report, but are still up +31.76% since the beginning of the year

Operating expenses increased by almost 2000% to $6 billion

Chief Financial Officer Andrew Kang said the company is aiming for 25% annual profitability and $15 billion in profits

Strategy already holds 553,555 BTC, which is 2.63% of the total bitcoin issuance, worth $53.38 billion

A $21 billion share issue has also been announced to continue buying BTC

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