Bitcoin rout drives Strategy to $12.6B Q4 loss, one of corporate history's largest

TL;DR Summary
Strategy, the bitcoin treasury holder formerly MicroStrategy, posted a $12.6 billion net loss for Q4 2025, after an about $17.4 billion operating loss driven by unrealized bitcoin declines as Bitcoin plunged to the low $60ks. The company still holds about 713,502 BTC at an average cost near $76,000, with mark‑to‑market losses now approaching $31 billion year‑to‑date, contributing to one of the largest quarterly losses by a U.S. public company and a stock drop exceeding 70% versus last year.
Topics:business#bitcoin#btc#earnings#markets#microstrategy#note-btc-is-included-as-tag-but-top5-should-be-five-items-only-ill-keep-five-strategy-microstrategy-bitcoin-btc-earnings#strategy
- Strategy posts $12.6 billion Q4 loss as bitcoin slide triggers one of largest quarterly hits in corporate history The Block
- Strategy’s Michael Saylor Posts Four-Letter Response to Selloff The Wall Street Journal
- Strategy CEO: Bitcoin would need to plunge to $8,000 before balance sheet issues Yahoo Finance
- Saylor’s Crypto Project Pounded After $12.4 Billion Loss bloomberg.com
- Strategy Slides Even Further on Earnings Miss After Dismal Day Barron's
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