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Strategy, the Bitcoin-focused firm formerly known for its business intelligence software, <a href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/bltefc5ad69287e39d2/6985035ef3563dcb9cbdb29c/strategy-q4-earnings-release_02-05-2026.pdf" rel="noopener noreferrer nofollow">reported</a> a net loss of $12.4 billion in the fourth quarter of 2025 after Bitcoin fell sharply over the period.Bitcoin <a href="https://www.google.com/finance/quote/MSTR:NASDAQ" rel="noopener noreferrer nofollow">dropped</a> roughly 22% during the quarter, sliding from an all-time high near $126,000 in early October to below $88,500 by December 31. The downturn has continued into 2026, with Bitcoin now down about 30% year-to-date to around $64,500, below Strategy’s average purchase price of $76,052 per BTC.<blockquote class="twitter-tweet">Strategy announces Q4 2025 results: – 713,502 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> held – 22.8% BTC Yield in 2025 – Largest US equity issuer, raised $25.3 billion in 2025 – <a href="https://twitter.com/search?q=%24STRC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$STRC</a> scaled to $3.4 billion; 11.25% current dividend rate<a href="https://t.co/SBl8GCTvji" rel="noopener noreferrer nofollow">https://t.co/SBl8GCTvji</a>— Strategy (@Strategy) <a href="https://twitter.com/Strategy/status/2019517488510239096?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 5, 2026</a></blockquote>The decline significantly impacted Strategy’s balance sheet, leaving the company down about 17.5% on its 713,502 Bitcoin holdings after Bitcoin briefly dipped to $62,500 on Thursday. Strategy’s shares also took a hit, closing 17% lower at $107.Despite the crypto-driven loss, the company reported modest operational growth. Q4 revenue rose 1.9% year-on-year to $123 million, supported largely by its business intelligence division.<h3 id="span-cfo-says-capital-structure-remains-resilient-span">CFO says capital structure remains resilient</h3>Strategy’s chief financial officer, Andrew Kang, pushed back against concerns over the company’s financial health, describing its balance sheet as stronger than ever despite market volatility.According to Kang, Strategy now <a href="https://defi-planet.com/2026/02/strategys-bitcoin-holdings-slip-into-unrealized-loss-as-btc-falls-below-average-buy-price/" rel="noopener noreferrer nofollow">holds</a> $2.25 billion in cash, enough to cover roughly 30 months of dividend payments and faces no significant debt maturities until 2027. This reduces the likelihood that the company would need to sell Bitcoin to meet short-term obligations.Kang added that Strategy’s long-term Bitcoin outlook remains unchanged, describing the firm’s holdings as a “digital fortress” aligned with its commitment to Bitcoin over an indefinite horizon.<h3 id="span-ceo-dismisses-panic-highlights-low-leverage-span">CEO dismisses panic, highlights low leverage</h3>CEO Phong Le <a href="https://x.com/i/broadcasts/1mrGmBMdDMWJy" rel="noopener noreferrer nofollow">echoed</a> that confidence during the company’s earnings call, telling investors there is no cause for alarm.Le noted that Strategy’s enterprise value still exceeds the value of its roughly $45 billion Bitcoin reserve, while its $8.2 billion in convertible debt represents just 13% net leverage, lower than.<blockquote>“I’m not worried, we’re not worried, and no, we’re not having issues,”</blockquote>Le said, reaffirming the firm’s conviction in its Bitcoin strategy despite the ongoing market slump.&nbsp;Enjoyed this piece? 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Strategy Records $12.4B Q4 Loss as Bitcoin Slide Weighs on Holdings

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