PANews reported on May 2 that according to The block, Strategy released its first quarter financial report, with revenue and profit falling short of expectations. Operating expenses in the first quarter reached $6 billion, up more than 1,100% year-on-year. This was largely due to the unrealized losses of $5.91 billion worth of Bitcoin after it spent about $7.66 billion to purchase 80,715 Bitcoins in the first quarter.

The company reported a net loss of $4.2 billion in the first quarter, or $16.49 per diluted share. Analysts expected a loss of $0.11 per share. The company's total revenue was $111.1 million, about 5% below market consensus and down 3.6% from the same period last year. Subscription service revenue increased 61% to $37.1 million. Strategy holds $60.3 million in cash and cash equivalents, 553,555 bitcoins, with a market value of approximately $52 billion, and a year-to-date bitcoin return of 13.7%. In addition, Strategy announced a new round of $21 billion in common stock ATM financing plans. The company also raised its full-year BTC return target from 15% to 25%, and raised its BTC revenue forecast from $10 billion to $15 billion.