During the final quarter of 2025, Strategy (MSTR) posted a net loss of $12.4 billion as bitcoin prices dropped sharply. The cryptocurrency fell from around $120,000 in early October to roughly $89,000 by year-end, hitting a low of $64,000 in recent weeks.
Shares of Strategy slid 17% on Thursday, marking one of the company’s largest single-day declines in years, though modest gains were seen in after-hours trading.
Led by Executive Chairman Michael Saylor, Strategy remains the world’s largest corporate bitcoin holder, currently owning 713,502 BTC at an average purchase price of $76,052, which includes multiple acquisitions since the fourth quarter.
The company finished the year with $2.25 billion in cash, providing sufficient coverage for dividends on preferred stock and interest payments on debt for the next 2–3 years.
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nvestors now look forward to the upcoming earnings call for insights on Strategy’s next steps in navigating the current crypto market conditions.