As stock prices approach year-to-date highs, Strategy Inc. to raise 3 trillion yen to strengthen bitcoin strategy

Strategy's stock price approached its year-to-date high of $396.5, hitting $381.6, its highest price since January. On May 2, the company announced plans to issue up to $21 billion (3 trillion yen) worth of new Class A shares through ATM sales contracts to purchase additional cryptocurrency Bitcoin (BTC).

On the other hand, the company announced its first quarter (January-March) 2025 financial results on the same day, recording a net loss of $4.2 billion ($16.49 per diluted share), exceeding analyst expectations.

On the other hand, in its first quarter (January-March) 2025 financial results announced on the same day, it posted a net loss of $4.2 billion ($16.49 per diluted share), exceeding analyst expectations...