Strategy, formerly known as Microstrategy and listed on Nasdaq under MSTR, has released updated financial figures showing that its bitcoin-centered treasury model continues to produce outsized results in 2025. Executive Chairman Michael Saylor said the company’s treasury operations have generated $5.1 billion in bitcoin gains year to date, underscoring Strategy’s position as the most prominent corporate bitcoin holder in public markets.
Bitcoin holdings and NAV continue to climb
According to the company’s latest disclosure, Strategy now holds 538,200 BTC. Using the referenced bitcoin price of $94,367, the firm’s bitcoin net asset value stands at $50.8 billion. Year to date, Strategy reported a 12.1% bitcoin yield, equal to a gain of 54,029 BTC. On a quarter-to-date basis, the company posted a 1.0% yield, representing 5,209 BTC in gains and an associated increase of roughly $492 million.
The numbers also highlight the scale of its prior-year performance. In 2024, Strategy achieved a 74.3% bitcoin yield, resulting in a gain of 140,538 BTC, with an estimated value of around $13.1 billion. These figures reinforce how central bitcoin accumulation has become to the company’s capital markets narrative and investor appeal.
Fresh purchases funded through debt and preferred stock
Strategy has continued expanding its bitcoin reserves through debt issuance and preferred stock sales. Its most recent disclosed purchase, announced on April 21, involved the acquisition of 6,556 BTC for approximately $555.8 million, at an average price of $84,785 per bitcoin.
Saylor also said that public data from the first quarter of 2025 shows more than 13,000 institutions and 814,000 retail accounts directly holding MSTR shares. In addition, about 55 million people have indirect exposure through ETFs, mutual funds, pension plans, and insurance portfolios. That suggests Strategy stock is increasingly functioning as a gateway for both institutional and retail investors seeking bitcoin-linked exposure through traditional financial products.
Saylor reiterates the bitcoin thesis
Reaffirming his long-standing view, Saylor said bitcoin carries no counterparty risk and does not depend on any company, country, creditor, or currency system. Combined with the latest treasury figures, the message is clear: Strategy remains committed to scaling its bitcoin treasury model and deepening its role as a bridge between bitcoin and mainstream capital markets.