Strategy May Record Billions in Losses Due to BTC Q4 2025 Decline, Erasing Q3 $2.8 Billion Profit

Odaily News: Strategy may disclose billions of dollars in losses for the fourth quarter of 2025, attributed to a 24% decline in Bitcoin during the quarter, which is expected to result in significant paper losses on the group's approximately $60 billion Bitcoin holdings. If confirmed, this would mean that Strategy's $2.8 billion profit recorded in the previous quarter could be entirely wiped out due to the Bitcoin plunge. As Strategy's enterprise value teeters on the brink of falling below the value of its Bitcoin holdings, market concerns have arisen that the group may need to sell Bitcoin. To alleviate these concerns, Strategy established a cash reserve by selling common shares on December 1. Strategy previously projected that its full-year operating performance would range between a loss of $7 billion and a profit of $9.5 billion, assuming Bitcoin trades between $85,000 and $110,000. (Bloomberg)