Strategy Reports $4.2 Billion Loss in Q1 Amidst Bitcoin Price Drop

Strategy suffered a significant loss of $4.2 billion in the first quarter, attributed largely to an impairment charge related to the declining Bitcoin price. This resulted in a per-share loss of $16.49. To mitigate losses and support growth, Strategy has announced a $21 billion public market common stock issuance plan. Additionally, they have increased their Bitcoin yield target from 15% to 25%, aiming for an increase in dollar yield from $10 billion to $15 billion. As of April, the company holds 553,555 Bitcoins acquired at a total cost of $37.9 billion, averaging $68,459 per Bitcoin. Strategy emphasizes its commitment to capital market strategy and leveraging Bitcoin holdings for shareholder value.