Connect with us

Hi, what are you looking for?

Crypto News

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

Published

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

[ad_1]

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.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

[ad_2]

Source link

Post Views: 18
In this article:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Blockchain

U.S. Establishes Strategic Bitcoin Reserve Amid Market Volatility and Regulatory Shifts

Introduction It is July 6, 2025, and Donald Trump has officially has signed an executive order which established a Strategic Bitcoin Reserve, bet on...

March 11, 2025
Ripple price prediction Ripple price prediction

Crypto News

Ripple Price Prediction 2025: Will XRP Reach $5 After the SEC Lawsuit?

Ripple price prediction 2025 The world of cryptocurrencies incessantly expands, and Ripple (XRP) happens to be a digital asset that captures the eye of...

May 8, 2025
Ripple lawsuit update Ripple lawsuit update

Blockchain

Ripple Lawsuit Update: SEC Commissioner Criticizes XRP Settlement | May 2025

Ripple Lawsuit Update: What Happened? Ripple Labs, the company behind the digital token XRP, has reached a new settlement with the U.S. Securities and...

7 days ago
House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’ House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’

Crypto News

House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’

[ad_1] In brief House Democrats prevented a crypto-focused hearing from proceeding Tuesday in protest of President Trump’s crypto ventures. Rep. Maxine Waters, who led...

May 6, 2025