Strategy, a Bitcoin buying company, reported a net loss of $12.4 billion in Q4 2025 due to Bitcoin’s 22% fall. Bitcoin peaked at $126,000 in Oct but dropped below $88,500 by Dec 31. Strategy shares fell 17% to $107. Bitcoin hit $62,500 Thursday, causing Strategy to lose 17.5% on its 713,502 Bitcoin holdings.

Despite the loss, Strategy’s Q4 revenues rose 1.9% to $123 million. CFO Andrew Kang said the company’s capital structure is strong. Strategy holds 713,502 Bitcoins, with $2.25 billion in cash covering 30 months of dividend payouts. The company has no major debt until 2027 and isn’t pressured to repay borrowings.

CEO Phong Le assured investors that Strategy’s financial position is stable. The company’s enterprise value exceeds its $45 billion Bitcoin reserve. Its $8.2 billion convertible debt represents only 13% net leverage, lower than most S&P 500 companies. Strategy remains confident in its Bitcoin strategy and financial strength amidst market volatility.

Read more at Cointelegraph: Strategy Reports $12.4B Fourth Quarter Loss As Bitcoin Falls