Strategy touts 14% YTD Bitcoin yield in Q1 earnings print, misses estimates

By: bitcoin ethereum news|2025/05/02 21:45:02

Update (May 1, 11:35 pm UTC): This article has been updated to add Strategy’s revenue, net loss and analyst estimates. Michael Saylor’s Bitcoin-buying firm Strategy, formerly MicroStrategy, has reported earning a year-to-date yield of 13.7% on its Bitcoin holdings as it missed Wall Street’s first-quarter estimates. The company said in its May 1 earnings statement that its year-to-date Bitcoin (BTC) yield equates to a gain of more than 61,000 BTC, worth approximately $5.8 billion. Bitcoin yield and gain are unofficial accounting metrics Strategy uses to benchmark the success of its BTC buys. Strategy’s chief financial officer, Andrew Kang, said it would increase its Bitcoin yield target for this year to 25% and its Bitcoin gain target to $15 billion. It comes as Strategy missed top and bottom line analyst estimates. The firm reported revenues of $111.1 million, down 3.6% from the year-ago quarter and missing analyst estimates by around 5%. Strategy also posted a net loss of $4.2 billion, around $16.49 per diluted share, against analyst estimates of an 11 cents per share loss and a rise from a $53.1 million in the first quarter of 2024. The company’s Q1 operating expenses jumped by nearly 2,000% year-on-year to $6 billion, largely due to a $5.9 billion unrealized loss on its Bitcoin holdings. The company announced it would offer an additional $21 billion worth of stock to finance future Bitcoin buys. Related: Bitcoin, showing ‘signs of resilience’, beats stocks, gold as equities fold — Binance Bitcoin buying spree Shares in Strategy (MSTR) closed May 1 trading up 0.39% to $381.60, falling slightly after hours to $378.50, according to Google Finance. MSTR is up over 31.5% so far this year, but is still trading below its November high of more than $470 per share. Since starting its Bitcoin buying spree in 2020, Strategy has accumulated a total of more than 550,000 BTC, costing the company nearly $38 billion, according to its earnings report. The purchases equate to an average price of approximately $68,500 per Bitcoin. As of May 1, Strategy’s treasury is worth more than $53 billion. Industry executives say institutional Bitcoin buying — including from corporate buyers such as Strategy — could eventually price retail investors out of the market. Strategy has the largest Bitcoin holdings of a public company. In total, public firms hold upward of $73 billion worth of Bitcoin in aggregate, while Bitcoin funds and other institutional funds hold another roughly $128 billion, according to data from BitcoinTreasuries.NET. Magazine: Pokémon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express Source: https://cointelegraph.com/news/strategy-touts-13-7-ytd-bitcoin-yield-in-earnings-print?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins