Finance
Bitcoin hoarder Strategy reveals $17.44 billion unrealized loss in fourth quarter
Published by Global Banking and Finance Review
Posted on January 5, 2026
Jan 5 (Reuters) - Michael Saylor's Strategy had a $17.44 billion unrealized loss on digital assets in the fourth quarter tied to a decline in the value of the company's cryptocurrency stockpile.
Shares of the largest corporate holder of bitcoin slumped about 47.5% in 2025 as investors reacted to swings in cryptocurrency markets that impacted Strategy's balance sheet and earnings.
For the year ended December 31, 2025, Startegy reported a $5.40 billion unrealized loss on digital assets.
In December, Strategy slashed its earnings forecast for 2025, citing a weak run in bitcoin.
Firms holding bitcoin and other tokens on their balance sheets have been under pressure in recent weeks following the volatility in the crypto market.
As of January 4, 2026, the balance of the USD Reserve was $2.25 billion, the company said.
Strategy has maintained a U.S. dollar reserve to support the payment of dividends on its preferred stock and interest on its outstanding debt.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Anil D'Silva)
Frequently Asked Questions about Bitcoin hoarder Strategy reveals $17.44 billion unrealized loss in fourth quarter
1What is an unrealized loss?
An unrealized loss occurs when an asset's current market value is lower than its purchase price, but the asset has not yet been sold. This loss is not recognized until the asset is sold.
2What are digital assets?
Digital assets are any assets that exist in a digital format and provide rights to their owner. This includes cryptocurrencies, digital currencies, and other forms of digital ownership.
3What is a cryptocurrency?
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology.
4What is a balance sheet?
A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.
5What is a dividend?
A dividend is a payment made by a corporation to its shareholders, typically as a distribution of profits. Dividends can be paid in cash or additional shares.
