Strategy (ex-MicroStrategy) Reports $12.4B Loss & Bitcoin Holdings

Strategy, formerly known as MicroStrategy, reported a substantial net loss for the fourth quarter of 2025, alongside increased revenue and a significant Bitcoin holding. The company announced a net loss of 12.4 billion US dollars, or 42.93 US dollars per share, a considerable increase compared to the 670.8 million US dollar loss, or 3.03 US dollars per share, reported in the same quarter of 2024.

Financial Performance

Strategy’s fourth-quarter revenue reached 123.0 million US dollars, exceeding the 116.1 million US dollars reported in the prior-year period. This result also surpassed analyst expectations, which had predicted revenue of 116.7 million US dollars. The net loss attributable to stockholders for the fourth quarter of 2025 was 12.6 billion US dollars, compared to a net loss of 670.8 million US dollars in the fourth quarter of 2024.

Did You Know? Strategy currently holds 713,502 Bitcoin as of February 1st.

Bitcoin Holdings and Cash Reserves

Despite the significant net loss, Strategy reported a 22.8 percent Bitcoin return for the 2025 fiscal year. As of February 1st, the company holds 713,502 Bitcoin and maintains cash reserves of 2.25 billion US dollars. Shares of Strategy showed a positive trend in pre-market trading on the NASDAQ, rising as much as 4.38 percent to 111.68 US dollars.

Expert Insight: Strategy’s financial results highlight the inherent volatility associated with a business strategy heavily reliant on a single, albeit prominent, digital asset like Bitcoin. The substantial losses, despite increased revenue, underscore the risks involved in such an approach, even with a positive return on the Bitcoin investment itself.

Looking Ahead

Strategy’s stock performance will continue to be closely tied to the price of Bitcoin. Further gains in Bitcoin’s value could potentially offset some of the reported losses, while a decline could exacerbate them. Analysts may continue to monitor the company’s Bitcoin holdings and cash reserves as key indicators of its financial health. The company’s ability to generate revenue from its software business will also be a crucial factor in its long-term sustainability.

Frequently Asked Questions

What was Strategy’s net loss for the fourth quarter of 2025?

Strategy reported a net loss of 12.4 billion US dollars for the fourth quarter of 2025.

How much Bitcoin does Strategy currently hold?

As of February 1st, Strategy holds 713,502 Bitcoin.

What was Strategy’s revenue for the fourth quarter of 2025?

Strategy’s revenue for the fourth quarter of 2025 was 123.0 million US dollars.

How might fluctuations in the price of Bitcoin impact Strategy’s future financial performance?