Strategy Posts $12.54 Billion Q1 Loss
Strategy (formerly MicroStrategy) reported a staggering $12.54 billion loss in Q1 2026, driven by declining bitcoin prices and fair-value accounting requirements.
The company holds over 400,000 BTC with a cost basis of approximately $25 billion. When bitcoin prices fall, Strategy must recognize unrealized losses on its income statement.
Management reaffirmed its long-term bitcoin strategy despite analyst concerns about concentrated exposure to a single volatile asset. Shares fell about 5% after hours.