Disclosure: The author of this story owns stock in Strategy (MSTR).
Strategy (MSTR) posted a net loss of $12.54 billion in the first quarter of 2026, as Bitcoin went from around $87,000 on January 1st to around $68,000 on March 31st.
Since the start of the second quarter, bitcoin has rebounded above $80,000, while Strategy has continued to accumulate coins at a rapid pace, which could set the company up for a significant profit in the April-June period.
Led by Executive Chairman Michael Saylor, the company, the largest corporate holder of Bitcoin, currently owns 818,334 BTC, acquired at an average price of $75,537.
Strategy ended the first quarter with $2.25 billion in cash, enough to cover about 18 months of preferred stock dividends.
MSTR shares are higher by almost 20% year-to-date, although they remain more than 50% lower year-over-year.
While first-quarter results are widely anticipated and likely long priced in, investors’ attention will shift to the 5 p.m. ET earnings call, where Saylor and his management team are likely to outline their strategy.
