Strategy Reports $17.4 Billion Q4 Operating Loss Amid Bitcoin Price Correction

first published 2026-02-05T22:00:10Z

Strategy recorded a Q4 net loss of $12.4 billion ($42.93/share) driven by an unrealized BTC loss (~$9B) after Bitcoin fell from October highs. The company has spent $54.2B buying 713,502 BTC (adding ~35,000 BTC in the quarter). Shares dropped over 17% to $107 (an 18‑month low) as BTC (~$63k) sits below Strategy’s $76k average buy price. Strategy reports $2.25B cash, a $3.4B STRC preferred program paying 11.25% annually, an mNAV of 1.1, and market odds of ~32% that it could sell BTC this year; CEO reaffirmed long‑term HODL stance.

AI Analysis

Large Q4 net loss ($12.4B) and ~ $9B unrealized BTC loss plus a >17% drop in the company’s stock are negative for the firm and may pressure markets; holding 713,502 BTC and a ~32% market-implied chance of on‑chain sales raises short-term sell-risk, though $2.25B cash and a $3.4B preferred-share program provide some liquidity cushion. All points taken from the article summary.

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