Strategy (MSTR) Posted a Net Loss of $12.4 Billion in Q4 2025, Bitcoin Price went from around $120,000 on October 1 to around $89,000 to close the year.
Things have only gotten worse since then, with the price of bitcoin falling sharply in recent weeks, finally collapsing to the $64,000 level on Thursday ahead of the strategy’s results. Strategy stocks closed the session down 17%, one of their worst performances in years. The stock is up slightly after hours.
Led by Executive Chairman Michael Saylor, the company, which is the largest Bitcoin owner company, currently holds 713,502 BTC, purchased at an average price of $76,052 (which includes several billion dollars in purchases since the end of the fourth quarter).
The company ended the year with $2.25 billion in cash, which would allow it to cover 2.5 years of dividends on its preferred stock as well as interest on debt.
With the fourth quarter results unsurprising, investors will look to the earnings conference call at 5 p.m. ET for comments from Saylor and his team on their plans given the current state of the market.
Read more: The strategy posts a $6.5 billion loss on BTC, but continues to trade at a price higher than the value of its assets.
