Strategy Inc. (Strategy (MSTR)) reported its first-quarter results after Tuesday's closing bell, and the numbers show the company continues to double down on its Bitcoin bet. Revenue came in at $124.3 million, beating the analyst consensus estimate of $120.75 million. But the headline loss was $38.25 per share, according to market data.
The real story, as always, is Bitcoin. As of May 3, 2026, Strategy's digital assets totaled approximately 818,334 Bitcoins. The original cost basis was $61.81 billion, and the market value stood at $64.14 billion. That works out to an average cost per Bitcoin of about $75,537, while the market price was roughly $78,374 as of May 1.
Here are the key Bitcoin metrics from the report:
- BTC Yield: 9.4% year-to-date in 2026.
- BTC Gain: 63,410 Bitcoins added in 2026 YTD.
- BTC $ Gain: $4.97 billion in Bitcoin value gained in 2026 YTD.
CEO Phong Le struck an optimistic tone in the earnings release: "Adoption of Bitcoin continues to grow in 2026. Digital Credit, highlighted by STRC, has been a big success. STRC has shown strong demand, high liquidity, and low volatility."
As for the stock, MSTR was down 0.89% to $185.24 in Tuesday's extended trading session. The market is digesting the results, but the Bitcoin-centric strategy remains intact.
