Summary
- Strategy said it posted a $12.54 billion net loss in the first quarter as Bitcoin prices fell.
- Strategy said it holds a total of 818,334 BTC, with an average purchase price of $75,537 and holdings valued at about $66.8 billion.
- The company said it has raised $5.58 billion this year through STRC preferred stock, which offers a roughly 11.5%% dividend yield, and has used the funds mainly to buy more Bitcoin.
Forecast Trend Report by Period
Strategy posted a net loss of about $12.54 billion in the first quarter as Bitcoin prices fell.
The Block reported on May 5 that the company recorded a first-quarter net loss of $12.54 billion. The main driver was about $14.46 billion in unrealized losses stemming from a decline in the value of its Bitcoin holdings.
Bitcoin fell more than 25% during the quarter, dropping from about $90,000 to $65,000 and pressuring results. With the recent rebound in the token’s price, the company is now nearing roughly $5 billion in unrealized gains based on its current holdings.
Strategy holds 818,334 BTC in total. Its average purchase price is $75,537, and the value of those holdings is about $66.8 billion.
The company is using STRC preferred stock as a key funding tool. The instrument offers a dividend yield of about 11.5%, and Strategy has raised $5.58 billion through it out of $11.68 billion raised so far this year. The proceeds have been used mainly to buy additional Bitcoin.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
