Strategy Targets $84B Bitcoin Buy Amid Steep Losses

Strategy, formerly known as MicroStrategy, has announced plans to raise up to $84 billion to acquire more Bitcoin, potentially purchasing about 4.12% of the total Bitcoin supply. This move follows the company's reported Q1 2025 net loss of over $4.2 billion, largely attributed to unrealized losses from its digital asset holdings amid ongoing Bitcoin price volatility. Regulatory filings confirm a $21 billion authorized stock sale, but analysts question whether the company can achieve its much larger $84 billion acquisition goal given ongoing financial losses and cash flow limitations. The announcement caused Bitcoin's price and trading volume to surge, while shareholder concerns emerged regarding possible stock dilution and the sustainability of such large-scale Bitcoin purchases. The gap between the authorized stock sale and the publicized acquisition target has sparked debate about Strategy's intentions and capabilities. Despite these financial headwinds, Strategy continues to focus on aggressive Bitcoin accumulation and remains a key player in institutional cryptocurrency adoption.