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
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
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.
