Strategy Starts 2026 With $116M Bitcoin Buy, Posts $17B Loss in Q4

Strategy, the world’s largest corporate holder of bitcoin, began the new year with its first purchase of 2026 while reporting a steep fourth-quarter paper loss as Bitcoin prices slid late last year.

Strategy acquired 1,283 Bitcoin () for $116 million, boosting its holdings to 673,783 worth $62.6 billion purchased at an average cost basis of $75,026 per BTC, according to a Monday with the US Securities and Exchange Commission.

The coins were acquired at an average purchasing price of about $90,000 each using proceeds from the sale of shares of MSTR Stock under the company’s at-the-market (ATM) offering.

The company also increased its US dollar reserve by $62 million to reach $2.25 billion, Strategy co-founder and executive chairman Michael Saylor said in a Monday X . The cash reserve is used to support payments on dividends, preferred stock, and to pay interest on outstanding debts.

*Strategy filing with the SEC. Source: Strategy*

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While the latest purchase is larger than , it is small compared with some of Strategy’s biggest additions in 2025.

Strategy made its two largest Bitcoin purchases of 2025 on March 31 when it acquired , followed by a on July 29, according to from SaylorTracker.com.

The latest investment comes two weeks after in net proceeds to its cash reserves, obtained from the sale of common stock, Cointelegraph reported on Dec. 22.

Concerns over Strategy’s Bitcoin-focused business model persist as the company posted a $17.4 billion unrealized loss on its Bitcoin holdings during the fourth quarter of 2025, as Bitcoin’s price fell by more than 23%, data shows.

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The company also posted a $5 billion associated deferred tax benefit, which represents a potential future reduction in the company’s income tax liabilities, according to the filing.

*MSTR stock price, 1-day chart. Source: google.com/finance*

Strategy’s stock price rose 3.88% in pre-market trading on Monday to surpass $157, but it’s down over 58% in the past year, Google Finance shows.

Strategy’s advocacy for the world’s first cryptocurrency has inspired several companies to adopt Bitcoin-focused treasury strategies, such as Japanese investment company Metaplanet, which has , with 35,102 Bitcoin worth $3.25 billion on its books.