This should not be a surprise.

This should not be a surprise. Entire worth of MSTR is hinged on the price of Bitcoin. And Bitcoin was a drag the last few months.

But the question that needs to be addressed is what are the real worth of MSTR after all the equity raising. Seems to me they issued more shares than Bitcoin bought. That is worrying.

Strategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":518647729713768,"tweetId":"518647729713768","gmtCreate":1767645897810,"gmtModify":1767646903024,"author":{"id":3576140222331577,"idStr":"3576140222331577","authorId":3576140222331577,"authorIdStr":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":9,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":288,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>This should not be a surprise. Entire worth of MSTR is hinged on the price of Bitcoin. And Bitcoin was a drag the last few months.</p>\n<p>But the question that needs to be addressed is what are the real worth of MSTR after all the equity raising. Seems to me they issued more shares than Bitcoin bought. That is worrying.</p></body></html>","htmlText":"<html><head></head><body><p>This should not be a surprise. Entire worth of MSTR is hinged on the price of Bitcoin. And Bitcoin was a drag the last few months.</p>\n<p>But the question that needs to be addressed is what are the real worth of MSTR after all the equity raising. Seems to me they issued more shares than Bitcoin bought. That is worrying.</p></body></html>","text":"This should not be a surprise. Entire worth of MSTR is hinged on the price of Bitcoin. And Bitcoin was a drag the last few months. But the question that needs to be addressed is what are the real worth of MSTR after all the equity raising. Seems to me they issued more shares than Bitcoin bought. That is worrying.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/518647729713768","repostId":2601835769,"repostType":2,"repost":{"id":"2601835769","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1767632880,"share":"https://ttm.financial/m/news/2601835769?lang=en_US&edition=fundamental","pubTime":"2026-01-06 01:08","market":"fut","language":"en","title":"Strategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2601835769","media":"Dow Jones","summary":"Strategy, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash.The loss was partly driven by a fair value accounting standard adopted by Strategy last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter.Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022.Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4.This item is part of a Wall Street Jo","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash. \n</p>\n<p>\n     The loss was partly driven by a fair value accounting standard adopted by <a href=\"https://laohu8.com/S/STRF\">Strategy</a> last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter. \n</p>\n<p>\n     Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022. \n</p>\n<p>\n     Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 12:08 ET (17:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-06 01:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash. \n</p>\n<p>\n     The loss was partly driven by a fair value accounting standard adopted by <a href=\"https://laohu8.com/S/STRF\">Strategy</a> last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter. \n</p>\n<p>\n     Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022. \n</p>\n<p>\n     Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 12:08 ET (17:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSOO":"2倍上限加速MSTR ETF-Leverage Shares","BK4516":"特朗普概念","07799":"南方两倍做多MSTR","09799":"南方两倍做多MSTR-U","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","WNTR":"做空MSTR期权收益策略ETF-YieldMax","MTYY":"GraniteShares YieldBOOST MSTR ETF","BK4596":"哈里斯概念","MSTW":"Roundhill MSTR WeeklyPay ETF","BK4588":"碎股","BK4600":"加密货币概念","MSTX":"2倍做多MSTR ETF-Defiance","MSTP":"2倍做多MSTR ETF-GraniteShares","BK4595":"比特币概念","MSTY":"MSTR期权收益策略ETF-YieldMax","MSTY.UK":"YIELDMAX MSTR OPTION INCOME STRATEGY ETC","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF","APED":"STKd 100% MSTR & 100% COIN ETF","MSTR":"Strategy","MSTZ":"2倍做空MSTR ETF-T-Rex","09399":"南方两倍做空MSTR-U","MST":"做多杠杆+收益MSTR ETF-Defiance","BK4023":"应用软件","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","MSII":"REX MSTR Growth & Income ETF","SMST":"2倍做空MSTR ETF-Defiance","IMST":"MSTR期权收益策略ETF-Bitwise","BK4585":"ETF&股票定投概念","SMI3.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","07399":"南方两倍做空MSTR","MSTK":"Tuttle Capital MSTR 0DTE Covered Call ETF","MSDD":"2倍做空MSTR ETF-GraniteShares","3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2601835769","content_text":"By Vicky Ge Huang \n\n\nStrategy, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash. \n\n\n     The loss was partly driven by a fair value accounting standard adopted by Strategy last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter. \n\n\n     Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022. \n\n\n     Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2026 12:08 ET (17:08 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"09399":0.6,"IMST":0.6,"MSTR":1.97,"MSTX":0.6,"3LMI.UK":0.6,"MSST":0.6,"WNTR":0.6,"3SMI.UK":0.6,"MSOO":0.6,"MST":0.6,"MSTY.UK":0.6,"09799":0.6,"SMST":0.6,"07799":0.6,"APED":0.6,"MSTK":0.6,"MSDD":0.6,"MSTW":0.6,"MSTP":0.6,"MTYY":0.6,"LMI3.UK":0.6,"MSTY":0.6,"MBTmain":0.78,"07399":0.6,"MSII":0.6,"MSTZ":0.6,"SMI3.UK":0.6}},"isVote":1,"tweetType":1,"viewCount":88,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09008","IBIT","MBTmain","03042","03008","BTC.USD.CC","03439","BTC.USD.HKCC","09439"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":255,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/518647729713768"}