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Strategy Doubles Bitcoin Buying Plan To $84B Despite 1Q Loss

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The strategy said its capital plan was doubled to $ 84 billion to buy more Bitcoin, even after posting a record of $ 4.2 billion loss in the first quarter.

On one May 1 Call the income.

Losing a net of $ 4.2 billion, caused by an accounting revision showing the firm's bitcoins worth of market prices, is around $ 16.49 per diluted part, which is more than expected of analysts of 11 cents per shares.

Strategy

The approach duplicated the capital raising plan to buy more bitcoins

Despite the downfall of income and the first-quarter loss, Strategy One-year-to-date (YTD) reports 13.7% in BTC handles. The company said YTD yields for a bitcoin stockpile equivalent to a benefit of over 61,000 BTC worth nearly $ 5.8 billion.

The yield and benefit of Bitcoin is not an official accounting measure that the approach uses to measure the performance of aggressive extraction of the leading crypto.

Chief Financial Officer Andrew Kang said the goal is to boost the yield by 25%..

To achieve higher yield and target Bitcoin, the company called the 21/21 capital plan to increase in $ 42 billion equity and $ 42 billion fixed income to buy more bitcoin.

Strategy stock up 27% ytd

The call to income was followed by a partial outbreak in the strategy stock (MSTR), according to Finance on Google. However, this benefit is removed from the trade after time. Despite this, the company's shares are up to 27% YTD.

Data from Saylortracker The approach is shown to hold 553,555 BTC. This makes the firm biggest corporate holder of bitcoin.

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