World’s largest corporate Bitcoin holder expands reserves as late-2025 price decline weighs on results
Strategy opened 2026 with a fresh $116 million Bitcoin purchase, reinforcing its long-term accumulation strategy even as it disclosed a significant unrealized loss from the final quarter of 2025. The move highlights the company’s continued conviction in Bitcoin despite short-term market volatility.
The company acquired 1,283 BTC at an average price of around $90,000 per coin, using proceeds from its at-the-market stock offering. This purchase lifted total holdings to 673,783 BTC, acquired at an average cost basis of $75,026 per Bitcoin. At current prices, Strategy’s Bitcoin reserves are valued at more than $62 billion.
In parallel, Strategy increased its cash reserves to $2.25 billion, strengthening its ability to meet dividend obligations, preferred stock payments, and debt servicing.
The company reported a $17.4 billion unrealized loss in the fourth quarter of 2025, driven by a more than 23% decline in Bitcoin’s price during the period. This was partially offset by a $5 billion deferred tax benefit, reflecting potential future tax relief.
Strategy’s Bitcoin-centric treasury model continues to influence other public companies. Collectively, listed firms now hold over 1.09 million BTC, representing more than 5% of Bitcoin’s total supply, underscoring growing corporate adoption despite near-term price swings.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.