Strategy ends April up 32% in best month since November as Q1 earnings loom

Key takeaways:

• Strategy’s stock rose 32% in April, its biggest monthly gain since November.

• Speculation is building that Strategy will announce a major capital raise during its Q1 earnings call on May 1 as it continues to grow its Bitcoin holdings.

• Analysts expect a 1% year-on-year revenue bump to $116.6 million, following the firm’s $120.7 million revenues for Q4 2024.

Michael Saylor’s Strategy closed April with its highest monthly gain since November, ahead of the firm’s highly anticipated earnings call on May 1.

Strategy (MSTR), formerly known as MicroStrategy, closed April 30 trading at $380.11, a 32% increase from its closing price of $288 on March 31, according to Google Finance data.

It’s Strategy's highest monthly gain in five months, following a 59% rise over November as the value of its vast Bitcoin (BTC) holdings swelled amid a price rally that saw BTC reach $100,000 for the first time on Dec. 5, which was kicked off by Donald Trump’s Nov. 5 election win.

The recent surge in Strategy’s stock price comes as the firm prepares to announce its first-quarter 2025 results after the US markets close on May 1. Saylor will host a webinar to discuss the results shortly after, at 9 pm UTC.

According to Seeking Alpha, analysts expect Strategy to report revenue of $116.6 million, reflecting a 1% year-on-year increase. The analytics firm also said that Strategy has beaten revenue estimates 25% of the time over the past two years.

The estimate represents a 3.40% decline compared to the previous quarter. The firm reported $120.7 million in revenue in the fourth quarter of 2024, marking a 3% year-on-year fall that missed analyst estimates by about $2 million.

Strategy reported a net loss of $670.8 million in Q4 2024 as the firm stacked an additional 218,887 Bitcoin.

Apollo Sat's founder Thomas Fahrer said in an April 30 X post, that “MSTR will announce a huge capital raise in their earnings call tomorrow. $100B is in play.”

Related: Strategy added 15,355 Bitcoin for $1.42B as the price surged above $90K

On March 10, Strategy announced that it had entered into a new sales agreement that would allow the firm to issue and sell shares of its 8% Series A perpetual strike preferred stock to raise funds for general corporate purposes, including potential Bitcoin acquisitions.

At the time of publication, Strategy is holding 553,555 Bitcoin, worth approximately $52.57 billion, according to Saylor Tracker data.

Meanwhile, Syz Capital partner Richard Byworth recently mulled over the idea that Strategy should take a more aggressive approach to buying Bitcoin by acquiring companies to use their cash holdings to fund purchases and do away with over-the-counter buys.

“Should Saylor buy Bitcoin really carelessly? As in, not try and buy it through OTC desks…and actually just buy it with the intention of massively ramping the price,” Byworth said.

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