Bitcoin’s largest corporate holder, MicroStrategy—now renamed Strategy—has released its Q4 2024 earnings report, emphasizing a record-breaking increase in its Bitcoin (BTC) holdings. The report, published on February 5, highlights the company’s aggressive Bitcoin acquisition strategy and key financial metrics.
Strategy’s Record-Breaking Bitcoin Acquisition
According to the report, Strategy added an unprecedented 218,887 BTC in Q4 2024, bringing its total holdings to 447,470 BTC as of December 31, 2024. The company’s Bitcoin acquisitions for the quarter cost a staggering $20.5 billion, achieved through continuous capital-raising efforts, including convertible note offerings.
Despite market fluctuations, Strategy remains committed to its BTC investment strategy. The company has now set a new KPI—BTC $ gain—to track the performance of its Bitcoin holdings. It aims to generate at least $10 billion in dollar BTC gain by the end of 2025.
BTC Yield and Future Outlook
Notably, Strategy reported a BTC Yield of 74.3% for 2024, a metric reflecting the rate at which it expands its Bitcoin portfolio. With such a robust yield, the company has revised its 2025 annual target to over 15%, underscoring its long-term confidence in Bitcoin.
The carrying cost of Strategy’s Bitcoin holdings stands at $23.909 billion, while the aggregate acquisition cost is $27.968 billion, with an average purchase price of $62,503 per BTC. As of December 31, 2024, the market value of its Bitcoin holdings surged to $41.789 billion, with BTC trading at $93,390 per coin.
Also Read: Michael Saylor’s Bitcoin Strategy: Genius Move or Risky Gamble for MicroStrategy?
Operational Expenses and Q4 Losses
Despite its aggressive Bitcoin accumulation, Strategy faced significant financial setbacks in Q4. Operational expenses soared to $1.103 billion, marking a 693.2% increase from the previous quarter. This was primarily due to an impairment loss of $1.006 billion on its digital asset holdings, a stark contrast to the $39.2 million impairment loss recorded in Q4 2023.
These financial pressures resulted in a net loss of $670.8 million, or $3.03 per share, compared to the $0.50 per share loss in the previous year.
Ongoing Bitcoin Strategy in 2025
Despite its Q4 losses, Strategy continues to double down on Bitcoin. In early 2025, the company further expanded its BTC holdings to 471,107 BTC, now valued at $46.5 billion, with Bitcoin’s price climbing to $98,712 per coin.
Meanwhile, Strategy’s stock has responded negatively to the financial disclosures, slipping 3.33% in the past 24 hours to $336.7 per share. However, the company’s unwavering commitment to Bitcoin suggests it remains focused on long-term growth, betting on BTC’s continued appreciation.
As the Bitcoin market evolves, all eyes will be on Strategy’s ability to navigate volatility while sustaining its aggressive BTC accumulation strategy.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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