Strategy released its first-quarter financial results for fiscal year 2025, revealing a $5.9 billion impairment on its Bitcoin holdings due to the recent price decline. Despite this setback, the company generated approximately $4.1 billion in Bitcoin revenue, with an impressive Bitcoin yield of 11%. This quarter also saw Strategy successfully execute a $21 billion common stock ATM transaction, resulting in the acquisition of 301,335 Bitcoins and bolstering its balance sheet. Furthermore, Strategy’s stock price surged by 50% during this period. In March 2025, the company issued and sold up to $21 billion worth of STRK stock. As of April 28, 2025, approximately $20.9 billion remains available under the STRK ATM program.