MicroStrategy added more than 80,000 Bitcoins in the first quarter, with unrealized losses of nearly $6 billion

Strategy (formerly MicroStrategy) spent approximately $7.66 billion to purchase 80,715 Bits in the first quarter of 2025, with unrealized losses on Bits reaching $5.91 billion.

Strategy First Quarter Raised 76 Billion to Buy 80,715 Bits

In the first quarter of 2025, Strategy used the following funds:

• MSTR Stock Issuance ($4.4 Billion)
• 2030B Convertible Bonds Issuance ($1.99 Billion)
• STRK Preferred Shares ($594 Million)
• STRF Preferred Shares ($711 Million)

Strategy bought 80,715 Bits in the first quarter, spending $7.66 billion, with an average cost of $94,922.

As of April 6,,,, 528, the company number held 528,185 Bits, with a total purchase price of approximately $35.63 billion, and an average purchase price of $67,458.

(MicroStrategy Strategy's New Bit Blueprint, How STRF Expands Bond Market Easy Investors)

Launching Bit Price Assessment, First Quarter Floating Loss of 5.91 Billion

Strategy adopted Accounting Standards Update ASU 2023-08 on January 1, 2025, which adjusted the accounting for crypto assets. Under standard means that fair value changes of Bits will be reflected in the consolidated income statement,, statement, no longer using cost impairment model.

Impact:

• If the market value of Bits is higher than the average cost basis, the company needs to establish a deferred tax liability.
• If the market value of Lower than the average cost basis, the corresponding value will affect the current financial statements.

Unrealized loss in the first quarter of 2025 (calculated at the end-of-quarter Bit price of $82,444): Digital asset loss of $5.91 billion, but partially offset by $1.69 billion in tax benefits.

MStrategy Annual Report Warns significant024 airBit ImpAir 2025 Pay Large Taxes Due to New Rules