Strategy Starts 2026 With $116M Bitcoin Buy, Posts $17B Loss in Q4

Strategy, the worldโ€™s largest corporate holder of bitcoin, began the new year with its first purchase of 2026 while reporting a steep fourth-quarter paper loss as Bitcoin prices slid late last year.

Strategy acquired 1,283 Bitcoin (BTC) for $116 million, boosting its holdings to 673,783 worth $62.6 billion purchased at an average cost basis of $75,026 per BTC, according to a Monday filing with the US Securities and Exchange Commission.

The coins were acquired at an average purchasing price of about $90,000 each using proceeds from the sale of shares of MSTR Stock under the companyโ€™s at-the-market (ATM) offering.

The company also increased its US dollar reserve by $62 million to reach $2.25 billion, Strategy co-founder and executive chairman Michael Saylor said in a Monday X post. The cash reserve is used to support payments on dividends, preferred stock, and to pay interest on outstanding debts.

Strategy filing with the SEC. Source: Strategy

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While the latest purchase is larger than last weekโ€™s $108 million buy, it is small compared with some of Strategyโ€™s biggest additions in 2025.

Strategy made its two largest Bitcoin purchases of 2025 on March 31 when it acquiredย 22,049 BTC for $1.92 billion, followed by a 21,021 BTC for $2.46 billion on July 29, according to data from SaylorTracker.com.ย 

The latest investment comes two weeks after Strategy added $747.8 million in net proceeds to its cash reserves, obtained from the sale of common stock, Cointelegraph reported on Dec. 22.

Strategy posts $17 billion paper loss for in Q4 2025

Concerns over Strategyโ€™s Bitcoin-focused business model persist as the company posted a $17.4 billion unrealized loss on its Bitcoin holdings during the fourth quarter of 2025, as Bitcoinโ€™s price fell by more than 23%, Cointelegraph data shows.

Related: These three altcoins came back from the dead in 2025

The company also posted a $5 billion associated deferred tax benefit, which represents a potential future reduction in the companyโ€™s income tax liabilities, according to the filing.

MSTR stock price, 1-day chart. Source: google.com/finance

Strategyโ€™s stock price rose 3.88% in pre-market trading on Monday to surpass $157, but itโ€™s down over 58% in the past year, Google Finance data shows.

Strategyโ€™s advocacy for the worldโ€™s first cryptocurrency has inspired several companies to adopt Bitcoin-focused treasury strategies, such as Japanese investment company Metaplanet, which has grown to become the fourth-largest public Bitcoin holder, with 35,102 Bitcoin worth $3.25 billion on its books.

BTC in treasuries. Source: BitconTreasuries.net

Led by Strategy, public companies have amassed 1.09 million Bitcoin, or 5.21% of the total supply, according to Bitcointreasuries data.

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