Despite reporting a record first-quarter loss of $4.2 billion and missed revenue expectations, Bitcoin buying company Strategy doubled its capital raising plan to $84 billion for further Bitcoin purchases. The company’s earnings call revealed revenues of $111.1 million in the first quarter, down 3.6% year over year, falling short of analyst predictions of a 5% growth. The financial firm experienced a hefty net loss of $4.2 billion, primarily due to a market-driven valuation adjustment of its Bitcoin holdings. This caused a diluted share price loss of around $16.49, significantly exceeding analyst expectations of only 11 cents per share. Strategy remains committed to increasing Bitcoin yield and aims for a target of 25%, with the company’s CFO Andrew Kang stating their current year-to-date (YTD) yield stands at 13.7%. This is due to its aggressive Bitcoin acquisition strategy, which resulted in over $5.8 billion in BTC value gains. The company intends to use a capital raising plan of $42 billion for equity and $42 billion for fixed income to achieve this goal. Strategy’s stock (MSTR) saw a slight increase following the earnings call, but this gain was erased during after-hours trading. Despite this temporary setback, shares remain up more than 27% year-to-date.