TLDR: Strategy (formerly MicroStrategy), the world's largest Bitcoin treasury company, is set to announce its first-quarter 2025 results

Strategy, the world's largest Bitcoin treasury company, is set to announce its first-quarter 2025 results

Strategy, the world’s largest Bitcoin treasury company, is set to announce its first-quarter 2025 results on Wednesday, May 1, after markets close. The company, previously known as MicroStrategy (NASDAQ:), saw its stock rally 32% in April, marking its best monthly performance and putting it in positive territory for the year to date.

Analysts are anticipating a narrower loss per share of $0.11 and revenue of $116.6 million for Q1 2025.

Compared to last year’s first quarter, where the company reported a loss per share of $0.31 on revenue of $115.1 million, analysts are expecting a narrower loss and a slight year-over-year growth in revenue.

The company’s Bitcoin holdings have grown at a compound annual growth rate of 59% over the 2020-2024 period, according to Main Street Data. Currently, Strategy holds 553,555 Bitcoin, valued at approximately $52.57 billion.

$MSTR began the month at $288 and ended at $380, for a +32% return in April, its biggest monthly gain since November 2024. pic.twitter.com/LQ9kYDaA6C

— Mark Harvey (@thepowerfulHRV) April 30, 2025

Analyst Perspectives

Wall Street maintains a Strong Buy consensus on Strategy stock, with 13 Buy recommendations and only one Sell. The average price target of $508.21 suggests about 33.2% upside potential from current levels.

Recently, H.C. Wainwright analyst Mike Colonnese initiated coverage with a Buy rating and a $480 price target. He described Strategy as one of the most “compelling equity investment vehicles” offering Bitcoin exposure with an attractive risk-reward profile.

“We believe that Strategy’s persistent focus on maximizing returns for its shareholders through an innovative approach to capital deployment and a demonstrated ability to rapidly deploy large-scale capital market transactions, combined with its commitment to advancing the adoption of Bitcoin, makes it a unique and interesting investment opportunity,” Colonnese stated.

He added that Strategy has consistently increased its Bitcoin holdings per share over time through rapid deployment of both equity and debt raises to fund these purchases.

Meanwhile, Benchmark analyst Mark Palmer reiterated a Buy rating and adjusted the price target to $650 from $600 following Strategy’s preannouncement of partial Q1 results.

These results, announced last week, included a $5.91 billion unrealized loss on Bitcoin holdings, which was partially offset by a $1.69 billion income tax benefit.

Q1 Results: Key Highlights

The Q1 results will be the first to reflect the company’s adoption of the Financial Accounting Standards Board’s new fair-value accounting rules.

These rules, which went into effect on January 1, require Strategy to report changes in the market value of its Bitcoin holdings on its income statement.

Options traders are expecting approximately a 5.0% move in either direction for MSTR stock in reaction to the earnings report, according to TipRanks’ Options DEVI الجهاز.

Furthermore, there is growing speculation that Strategy might announce a major capital raise during its earnings call.

On March 10, the company entered into a new sales agreement with a major U.S. investment bank, granting it the right to issue and sell shares of its 8% Series A perpetual strike preferred stock.

The capital markets activity will be used for general corporate purposes, which could include further Bitcoin acquisitions.

Some industry figures have suggested that Strategy should take an even more aggressive approach to buying Bitcoin.

Richard Byworth, partner at Syz Capital, recently considered whether the company should move away from over-the-counter purchases in favor of acquiring companies to use their cash holdings for Bitcoin buys.

In the second quarter of 2024, Strategy sold a portion of its Bitcoin treasury to U.S. government agencies.

Investors will also be interested in hearing management commentary on the company’s Bitcoin strategy amid ongoing market volatility and any updates on its software business.

The earnings webinar, hosted by CEO Michael Saylor, will take place at 9 pm UTC on May 1, shortly after the results are announced.