Strategy Reports $17.4B Q4 Loss, CEO Says Debt Safe
Strategy reported a $17.4 billion operating loss for Q4 2025 from unrealized losses on its 713,502 Bitcoin holdings. CEO Phong Le said Bitcoin would need to drop to $8,000 and stay there for five to six years to threaten debt repayment.
Strategy reports massive Q4 2025 operating loss
Strategy reported a $17.4 billion operating loss for the fourth quarter of 2025. The loss stems from unrealized losses on the company's Bitcoin holdings. Strategy holds 713,502 BTC with an average acquisition cost of approximately $76,000 per coin. The company acquired these holdings for a total investment of $54.26 billion as of 1 February 2026.
CEO maps extreme scenario for debt risk
Chief Executive Officer Phong Le outlined the conditions under which Strategy's debt servicing capability would face threats. Bitcoin would need to fall to $8,000 and remain at that level for five to six years. This represents a 90% decline from current price levels. At this threshold, Strategy's Bitcoin reserve would equal its net debt.
"In the extreme downside, if we were to have a 90% decline in bitcoin price, and the price was $8,000, that is the point at which our bitcoin reserve equals our net debt.", 05 February 2026. — Phong Le, CEO, Strategy
Company maintains largest corporate Bitcoin position
Strategy remains the largest corporate holder of Bitcoin globally. The company disclosed its holdings and acquisition costs during its Q4 2025 earnings call on 5 February 2026. Multiple financial news sources confirmed the figures from the company's public disclosure. The average cost basis of $76,052 per Bitcoin provides context for the unrealized loss calculation.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.