Strategy will raise another $21 billion to purchase BTC, with a loss of $4.2 billion in Q1 due to the decline in coin prices

ChainCatcher news, according to CoinDesk, Strategy recorded a $5.9 billion impairment in the first quarter due to the decline in Bitcoin prices, reporting a loss of $4.2 billion, or $16.49 per share. The company announced a new $21 billion public market common stock issuance plan and has raised its BTC yield target from 15% to 25%, and its BTC dollar revenue target from $10 billion to $15 billion.

As of April, the company holds a total of 553,555 Bitcoins, with a purchase cost of $37.9 billion, averaging $68,459 per coin. The company stated, "Our capital market strategy continues to grow Bitcoin holdings while delivering exceptional value to shareholders."