Strategy, a Bitcoin treasury company, announced a $12.4 billion net loss for Q4 2025, primarily due to Bitcoin's 22% price drop during the quarter. Despite losses, the company saw a 1.9% revenue increase year-over-year, mainly from its business intelligence segment. The decline in Bitcoin to $62,500 caused a 17.5% unrealized loss on its 713,502 BTC holdings, leading to a 17% fall in the company's stock price, though it maintains $2.25 billion in cash and low debt risks until 2027.