Saylor-led Strategy reports massive fourth quarter loss as bitcoin prices tumble
The firm reported a fourth-quarter loss of $12.4 billion as its bitcoin holdings lost value. Shares fell today after a challenging year for digital assets.
Insights:
MicroStrategy Incorporated reported a much wider fourth-quarter loss today, February 5, 2026, as significant markdowns on its bitcoin holdings weighed on the firm's financial performance. The company's shares moved lower following the announcement of a $12.4 billion loss for the quarter, compared to a loss of $670.8 million during the same period a year earlier. The results were primarily driven by the firm's large and concentrated bitcoin position, which has amplified investor exposure to recent volatility and market outflows.
The loss comes at a time of notable weakness for the cryptocurrency, with bitcoin currently trading at $64,000. This price represents a significant decline, having nearly halved since its peak on October 6. The broader market in the US 
US has also seen a retreat in institutional interest, with U.S. US spot bitcoin ETFs recording approximately $7 billion in outflows in November and another $2 billion in December.
US has also seen a retreat in institutional interest, with U.S. US spot bitcoin ETFs recording approximately $7 billion in outflows in November and another $2 billion in December.
