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Form 8-K · Current Report · Filed 2026-02-05

Strategy Inc Reports Significant Q4 2025 Loss Due to Bitcoin Strategy

Strategy Inc reported a net loss of $12.4 billion for Q4 2025, driven by unrealized losses on its bitcoin holdings.

Filer
MicroStrategy Inc. MSTR · NASDAQ
Filed
Accession
0001050446-26-000012
CIK
0001050446
Signal
High impactTechnology

Details

The company also updated its dividend framework for its Variable Rate Series A Perpetual Stretch Preferred Stock and raised significant capital through equity and preferred stock issuances in 2025. Bitcoin holdings as of February 1, 2026, stood at 713,502 bitcoins with an original cost basis of $54.26 billion and a market value of $59.75 billion.

Items reported

Item events

Reported Item

Earnings Miss Financial Instrument Agreement New Debt Issued

Market reaction

Close before filing

$129.09

Next session

+4.5%

Since filing

-27.7%

Latest close

$93.28

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MSTR reporting the same item, with the next session's move:

About MicroStrategy Inc.

MicroStrategy Inc. is a prominent business intelligence company that specializes in providing robust analytics solutions. The company's primary function is to offer enterprise analytics and mobility software, designed to help organizations harness the power of large datasets to drive decision-making processes. MicroStrategy's platform enables businesses across various sectors, including finance, healthcare, manufacturing, and retail, to analyze data and generate valuable insights into operations and market trends. Key features of MicroStrategy's offerings include its ability to deliver high-performance analytics at scale, facilitate mobile intelligence, and support data visualization. With a strong emphasis on user-friendly interfaces, the company ensures that even complex data insights are accessible to decision-makers and analysts alike. MicroStrategy has also gained significant attention in the financial markets for its strategic investments in Bitcoin, reflecting its interests in digital currency as a part of corporate asset strategy. As such, the company continues to play a pivotal role in the evolving landscape of enterprise analytics, while also engaging with the broader discourse around cryptocurrency integration in business operations.

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