By Key Points
- Strategy posts its biggest monthly gain since November
- Stock surged 32% in April, closing at $380.11
- Q1 earnings call set for May 1 with capital raise speculation
- Bitcoin holdings hit 553,555 BTC worth $52.57 billion
Strategy stock surge dominated headlines as April closed with a stunning 32% rally—the firm’s best monthly performance since November 2024. As anticipation builds for the May 1 Q1 earnings call, rumors of a massive $100 billion capital raise have fueled investor excitement.
Strategy (MSTR), formerly known as MicroStrategy, ended April at $380.11 per share, soaring from $288 on March 31. This surge mirrors the company’s November 2024 spike when Bitcoin’s rally, sparked by Donald Trump’s election win, pushed MSTR shares up by 59%.
$MSTR began the month at $288 and ended at $380, for a +32% return in April, its biggest monthly gain since November 2024. pic.twitter.com/LQ9kYDaA6C
— Mark Harvey (@thepowerfulHRV) April 30, 2025
Now, all eyes are on the Q1 2025 earnings announcement. Industry watchers expect revenue to hit $116.6 million, a modest 1% year-over-year increase. However, this would still reflect a slight drop from the $120.7 million reported in Q4 2024. Despite mixed revenue expectations, the bigger story is the anticipated capital raise and its potential impact on Strategy’s aggressive Bitcoin strategy.
Source: Mark Harvey – Techtoken
Bitcoin treasure grows as capital raise rumors fuel momentum
Michael Saylor’s Bitcoin strategy continues to define the company’s trajectory. As of late April, Strategy holds an eye-watering 553,555 BTC, currently valued at approximately $52.57 billion, according to Saylor Tracker data.
The firm’s Bitcoin accumulation has attracted both praise and scrutiny. In Q4 2024, Strategy reported a net loss of $670.8 million as it added 218,887 BTC. Despite short-term financial hits, Saylor remains committed to expanding the company’s crypto portfolio.
Fueling the latest Strategy stock surge is speculation that Strategy will announce a massive capital raise during the upcoming earnings call. Apollo Sat’s founder Thomas Fahrer added to the hype with an April 30 post on X, predicting that “MSTR will announce a huge capital raise in their earnings call tomorrow. $100B is in play.”
Saylor: We’re going to raise 42 Billion, then double it and double it and double it…
Yes, MSTR will announce a huge capital raise in their earnings call tomorrow. $100B is in play pic.twitter.com/qfi5jdjIrv
— Thomas Fahrer (@thomas_fahrer) May 1, 2025
In March, Strategy revealed a new sales agreement enabling the issuance of its 8% Series A perpetual strike preferred stock. Proceeds could be used for various corporate needs, including further Bitcoin acquisitions. This aligns with Saylor’s long-standing approach of leveraging capital markets to increase Bitcoin holdings.
Some analysts, like Syz Capital partner Richard Byworth, suggest that Saylor could take an even bolder route—acquiring companies to access cash reserves and ramp up Bitcoin purchases. “Should Saylor buy Bitcoin really carelessly?” Byworth mused, hinting at a possible shift from discreet over-the-counter buys to market-moving purchases.
Growing Bitcoin bets and broader market signals
Strategy’s aggressive Bitcoin strategy reflects broader trends in the crypto market. Institutional interest in Bitcoin and other digital assets is heating up in 2025, with venture capitalists targeting explosive opportunities. This rising capital flow is reinforcing bullish sentiment across the industry.
Yet, Strategy’s big bets also highlight deeper tensions in the Bitcoin community. Recent debates, such as the OP_RETURN limit proposal reigniting old Bitcoin tensions, reflect ongoing challenges around scalability and decentralization that could impact long-term adoption.
Meanwhile, other major blockchain ecosystems are evolving rapidly. Ethereum’s narrative crisis and BNB Chain’s recent Lorentz hard fork speeding up blocks to 1.5 seconds both signal that innovation—and competition—remain fierce across the crypto space.
As Strategy heads into its May 1 earnings call, the outcome could shape not just its stock but also signal larger trends for Bitcoin and institutional crypto strategies in 2025.
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