Strategy Doubles Capital Plan to $84 Billion on 13.7% BTC Yield

Strategy, formerly known as MicroStrategy, has reported a significant year-to-date Bitcoin gain of $5.8 billion for the first quarter of 2025, achieving a 13.7% BTC yield. This impressive performance has led the company to double its capital investment plan to $84 billion, aiming to continue its aggressive Bitcoin accumulation strategy. The firm's holdings now exceed 553,555 bitcoins, acquired at a total cost of $37.9 billion, with an average purchase price of $68,459 per BTC, making it the largest corporate Bitcoin holder globally.

The company's strong start to 2025 has prompted it to revise its targets for the year. The BTC yield target has been increased from 15% to 25%, and the BTC gain target has been raised from $10 billion to $15 billion. This adjustment reflects the company's confidence in the market momentum and its disciplined treasury strategy. Despite a $5.9 billion unrealized loss due to Bitcoin’s Q1 closing price, Strategy saw a $12.7 billion uplift in retained earnings, reinforcing its financial strength.

To support its ambitious Bitcoin strategy, Strategy has announced a doubling of its capital plan from $42 billion to $84 billion. Approximately 32% of this plan has already been completed, with about $57 billion left to raise by 2027. In the first quarter alone, the company executed a record-setting $21 billion at-the-market (ATM) equity offering, adding 301,335 BTC to its balance sheet. This offering is the largest of its kind in corporate crypto history and contributed to a 50% increase in Strategy’s share price. Additionally, the firm completed two successful preferred stock IPOs, further expanding its capital base.

Strategy's long-term vision, under the leadership of Executive Chairman Michael Saylor, has redefined corporate Bitcoin strategy. Since adopting Bitcoin as its primary treasury reserve asset in 2020, the firm has remained a pioneer of the “Bitcoin standard”—using BTC in place of traditional reserves like cash and bonds. More than 70 public companies have followed Strategy’s example, integrating Bitcoin into their balance sheets. However, Strategy remains the leader in scale, conviction, and execution. Saylor’s vision has translated into tangible shareholder value, with Strategy’s stock price rising over 3,000% since 2020, largely driven by BTC accumulation and appreciation.

Strategy's aggressive approach sends a strong signal to institutional investors. The firm’s ongoing accumulation, large-scale funding, and upgraded performance targets create a blueprint for Bitcoin adoption at the corporate level. The company's ability to convert equity capital into appreciating digital assets, while delivering shareholder value, may accelerate broader corporate crypto adoption—especially as Bitcoin stabilizes near all-time highs. As BTC becomes an increasingly accepted store of value, Strategy’s actions could influence both public market sentiment and treasury management standards worldwide. With momentum building and the market responding positively, all eyes will remain on Strategy as it continues to reshape the relationship between corporate finance and Bitcoin.