- Strategy (formerly MicroStrategy) added 301,000 BTC in Q1 after raising US$21B, boosting its share price by 50%.
- CFO Andrew Kang reported strong BTC gains, raised targets, and highlighted a US$12.7B uplift from fair value accounting.
- Metaplanet plans a US expansion, raising US$250M to strengthen its Bitcoin treasury and global presence.
- It also issued ¥3.6 billion in 0% bonds (~AU$38.6 million) to buy 398 BTC, bringing its total holdings to over 5,000 Bitcoin.
There’s no stopping Metaplanet and Strategy (formerly MicroStrategy). Both companies are now seen as go-to Bitcoin-buying proxies, with business models centred on accumulating and holding the cryptocurrency.
Michael Saylor’s Strategy has released its 2025 Q1 report just as Bitcoin nears the US$100k mark for the first time since February.
In the report, the Tysons Corner, Virginia-based company – which is the largest corporate holder of BTC and is generally considered the world’s first Bitcoin Treasury Company – announced some strong financial results and that it will be buying more Bitcoin.
President and Chief Executive Officer, Phong Le highlighted that MicroStrategy raised a record US$21 billion (AU$32.7 billion) through a stock offering, adding over 301,000 BTC to its balance sheet while boosting its share price by 50%.
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Strategy CFO Reports on Strong Start to 2025
He also noted successful preferred stock IPOs in Q1 and emphasised the company’s leadership in the growing trend of public firms adopting Bitcoin as a treasury asset.
Our capital markets strategy continues to grow our Bitcoin holdings while delivering superior shareholder value. With over 70 public companies worldwide now adopting a Bitcoin treasury standard, we are proud to be at the forefront in pioneering this space.
Phong Le, President and Chief Executive OfficerAndrew Kang, Strategy’s Chief Financial Officer, reported a strong start to the year, with a 13.7% BTC yield – which is already surpassing 90% of MicroStrategy’s 2025 target – and a US$5.8 billion (AU$9.0 billion) BTC dollar gain, meeting 58% of their annual goal.
He announced increased targets for the year “to 25% and our 2025 “BTC $ Gain” target to $15 billion”, and highlighted a US$12.7 billion (AU$19.8 billion) boost to retained earnings from adopting fair value accounting.
Despite an unrealised loss in Q1, he noted that the current Bitcoin price of around US$97k (AU$151k) implies a fair value gain of roughly US$8 billion (AU$12.5 billion) so far in Q2:
And despite recognizing an unrealized loss in Q1 due to a quarter-end Bitcoin price of $82,445, the current approximate $97,300 Bitcoin price would imply a fair value gain of roughly $8.0 billion thus far in Q2.
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Meanwhile, the MicroStrategy of Asia, Metaplanet, said it plans to open a US subsidiary in Florida to increase its global footprint while continuing its Bitcoin buying strategy.
The company said that it wants to make the US base “a rapidly emerging hub for Bitcoin-focused companies and financial innovation”. It added it would be “recognized for its business-friendly policies and rising status as a global center of capital and technology”.
It’s expected the company will raise US$250 million (AU$389.9 million) in capital to continue its operations and Bitcoin buying.
Speaking of which, Metaplanet also just announced it has issued “3.6 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC”.
That’s around AU$38.6 million – or roughly 398 BTC at current prices, bringing their holdings to over 5,000 Bitcoin.
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