In a stark revelation, Strategy, a prominent enterprise software firm and the largest corporate holder of Bitcoin (BTC), disclosed an unrealized loss of $17.4 billion on its digital asset portfolio for the fourth quarter of 2025. This financial downturn aligns with a broader decline in Bitcoin”s market value during this period.
Throughout 2025, the price of Bitcoin experienced a notable decline, closing the year approximately 6% lower than its starting point. After peaking at an all-time high of about $126,000 in October, Bitcoin”s value diminished significantly, ending the year around $87,000. At the time of reporting, Bitcoin was trading at $92,575, reflecting a 6% increase over the previous week, according to data from CoinGecko.
For the entire year concluding on December 31, 2025, Strategy recorded a total unrealized loss of $5.4 billion in digital assets, alongside a deferred tax benefit of $1.5 billion. In a strategic move, the company acquired 1,286 Bitcoin between December 29, 2025, and January 4, 2026. This purchase increased its total holdings to 673,783 BTC, valued at approximately $62 billion based on current market conditions.
Additionally, Strategy has maintained a reserve of $2.2 billion in US dollars, intended to facilitate preferred stock dividends and interest payments on existing debt. The company emphasized that this reserve”s utilization remains under the discretion of its management.
The substantial unrealized loss underscores the inherent volatility and financial risks associated with large-scale corporate investments in cryptocurrencies, particularly in the face of fluctuating market conditions.
