Key Highlights
- Michael Saylor says “BTC Gain” is the closest equivalent to net income as Strategy reports $1.3B in Bitcoin gains in early April.
- The firm added 17,585 BTC in QTD gains, with total holdings reaching 780,897 BTC worth over $57B.
- The recent purchases funded via equity programs highlight Strategy’s continued accumulation strategy despite market volatility.
Michael Saylor, the founder of Strategy, announced today that the company has generated 17,585 Bitcoin (BTC) in gains in the first two weeks of this month, equating to around $1.3 billion at current prices.
In an X post on Wednesday, Saylor described BTC Gain as “the closest analog to net income on the Bitcoin standard,” highlighting the firm’s view of Bitcoin as its main operating asset and treasury revenue.
As of today, the company holds 780,897 BTC, valued at $57.738 billion, with Bitcoin trading at $73,938 at the time of this writing.
Firm’s Bitcoin dashboard
The Bitcoin dashboard shared on Strategy’s official website reveals the following performances across multiple timeframes:
- Quarter-to-Date (QTD): BTC Gain of 17,585, estimated at $1.3 billion, and BTC Yield of 2.3%.
- Year-to-Date (YTD): BTC Gain of 37,339, estimated at $2.761 billion, and BTC Yield of 5.6%.
- 2025 Metrics: BTC Gain of 101,873, estimated at $8.915 billion, and BTC Yield of 22.8%.
The figures show Strategy’s ability to compound its BTC position through various purchases, even at the time of increased volatility. Strategy’s Bitcoin reserve now holds one of the largest corporate treasuries in the cryptocurrency sector.
The latest purchase
The development comes just days after the company announced acquiring 13,927 BTC for around $1 billion at an average price of $71,902 per coin throughout the last week.
Strategy’s 8-K filing revealed that the funding for this purchase came through Strategy’s at-the-market equity program, a tool that allows the firm to sell shares of common stock (MSTR) and its perpetual preferred shares (STRC) to generate capital without traditional debt. Before this, the company had a 4,871 BTC purchase.
Market context
At the time of this writing, Bitcoin is currently trading around $73,910, down 1.1% in the past 24 hours and 3.17% up in the past week, according to CoinMarketCap. The price range hovers near four-week highs after a strong rebound from sub-$71,000 levels earlier this week.
The asset surged more than 3% in recent sessions, backed by easing geopolitical tensions and continued institutional accumulation through spot ETFs.
What it means
By referring to “BTC Gain” as a key performance metric, Strategy is pioneering a new accounting lens for public companies operating on the Bitcoin standard. BTC Gain directly measures the surge in the firm’s BTC holdings, offering a transparent, inflation-resistant view of value creation.
Strategy’s updated dashboard comes at the time of wider institutional adoption of Bitcoin as a treasury asset, with various public firms and even nation-states increasing their allocations.
As Bitcoin’s price surges, it positions Strategy as one of the leading corporate Bitcoin holders. Having 780,897 BTC on the balance sheet and $1.3 billion in fresh QTD gains, the company continues to show that a long-term Bitcoin treasury strategy can give significant value.
Also Read: Denmark Sees Low Crypto Ownership as ETF Interest Grows
