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Strategy Reports $12.54 Billion Q1 Loss on Bitcoin Markdown as STRC Raises $5.58 Billion

GateNews
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BTC-0.47%
According to Strategy's Q1 earnings report released Tuesday (May 6), the bitcoin treasury company reported a $12.54 billion net loss, primarily driven by a $14.46 billion unrealized markdown on its bitcoin holdings as prices fell over 25% during the quarter. Despite the loss, executives highlighted strong momentum in STRC preferred shares, which raised $5.58 billion of the company's $11.68 billion total funding so far this year. CEO Phong Le called STRC a "big success," citing "strong demand, high liquidity, and low volatility." Strategy now holds 818,334 bitcoin with an average cost of $75,537 per coin.
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