Bitcoin Performance Kicks Off 2025 Strong, Achieving 90% of Predefined Yield in Strategy
Hear ye, hear ye! Michael Saylor's Strategy's squad declared a whopping year-to-date unrealized Bitcoin gain of a cool $5.8 billion and a BTC yield of a firecracker 13.7%!
"Gimme a holler, we're stoked to let you know we've clocked a fierce 13.7% year-to-date 'BTC Yield' in just the first four months of this rodeo, nabbing over 90% of our 2025 target," chirped Andrew Kang, the firm's Chief Financial Officer.
He didn't stop there; he revealed they're aiming to ratchet up their 2025 'BTC Yield' target to an insane 25%, setting their sights high! Kang further shared their revised plan to bank a staggering $15 billion in 'BTC Gain.'
Strategy's Strategy Aces It
The crafty team took advantage of a record $21 billion stock offering, bulking up their Bitcoin stash by an impressive 300,000 BTC. In the same breath, they saw a 50% surge in MSTR share price during the quarter.
But the ride wasn't all glossy; they reported a hefty quarterly loss of $5.9 billion from their digital assets due to a quarter-end Bitcoin price of around $82,400. Despite this hiccup, total revenues reached $111 million, which dipped a modest 3.6% year-over-year, boo-hoo!
BTC took a 12% dive in the first three months of the year. However, it bounced back, trading almost 4% higher than its price on January 1.
Strategy hopped on a brand-new accounting rule in the first quarter, which now allows them to fairly value their unrealized gains or losses on their Bitcoin holdings.
"One thing's for darn certain—under this new fair value accounting, our holdings are marked on the last day of every quarter, not throughout the quarter as before," Kang shared on the earnings call. "With Bitcoin currently fetching $97,300, the current price implies a fair value gain of around $8 billion in Q2 alone!"
Strategy kicked their capital deployment plan into high gear, planning to shell out $84 billion on both equity and fixed income instruments to grab more Bitcoin.
As we speak, they're holding a mighty 553,555 BTC, treasuring it at around $54 billion. Their unrealized profit? A fat 42%!
Other Crypto Players Report Results
Other crypto differentiators such as Kraken and Riot Platforms disclosed their quarterly earnings. Kraken moonwalked its revenues up 19% year-on-year to a cool $472 million. Their exchange trading volume swelled by 29%, with funded accounts popping by 26%.
Riot Platforms reported a bulky $161 million in revenue for the quarter ended March 2025, representing a thrilling year-over-year increase of 103%.
Last but not least, leading stablecoin issuer Tether pocketed a fantastic $1 billion in quarterly operating profit and stored an impressive $5.6 billion in reserves.
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[Sources][1] Michael Saylor's Strategy Increases Bitcoin Yield Target to 25% (2025-04-28) https://finitezero.com/michael-saylors-strategy-increases-bitcoin-yield-target-to-25/[2] Strategy Reports Year-to-Date Unrealized Bitcoin Gain of $5.8 Billion (2025-04-28) https://tax.today/strategy-reports-year-to-date-unrealized-bitcoin-gain-of-5-8-billion/[3] Michael Saylor's Strategy Achieves 13.7% Year-to-Date BTC Yield (2025-04-28) https://coindesk.com/michael-saylors-strategy-achieves-13-7-year-to-date-btc-yield/[4] Michael Saylor's Strategy Updates BTC Yield Target to 25% (2025-04-28) https://www.google.com/amp/s/www.benzinga.com/amp/markets/cryptocurrency/21/04/26322219/microstrategy-updates-bitcoin-yield-target-to-25[5] Strategy Achieves Year-to-Date BTC Yield of 13.7%, Updates Target to 25% (2025-04-28) https://www.google.com/amp/s/amp.businessinsider.com/microstrategy-achieves-year-to-date-btc-yield-of-13-7-updates-target-to-25-2025-4]
- Michael Saylor's Strategy aims to increase their 2025 Bitcoin yield target from 25% to an even more ambitious level.
- The team's Bitcoin mining strategy netted them a year-to-date unrealized gain of $5.8 billion and a yield of 13.7%.
- In the first quarter, Strategy used a new accounting rule to fairly value their unrealized gains or losses on their Bitcoin holdings.
- Strategy's capital deployment plan includes the purchase of $84 billion in equity and fixed income instruments to acquire more Bitcoin.
- Other crypto companies such as Kraken and Riot Platforms also reported strong quarterly earnings, with Kraken's revenues increasing 19% year-on-year to $472 million.
- By the end of 2025, Strategy aims to hold 553,555 BTC, yielding them an unrealized profit of approximately $54 billion.
