Bloomberg: Strategy may face billions of dollars in losses in Q4 2025 due to the decline in the value of its Bitcoin holdings

According to Bloomberg, Strategy may disclose a multi-billion dollar loss for the fourth quarter of 2025, due to the group's approximately $60 billion in Bitcoin assets, which fell 24% in the fourth quarter, leading to anticipated significant paper losses. If true, this means that Strategy could wipe out the $2.8 billion profit recorded in the previous quarter due to the Bitcoin crash.

As Strategy's enterprise value is on the verge of falling below the value of its Bitcoin holdings, concerns have arisen in the market about the group potentially needing to sell Bitcoin. To alleviate these concerns, Strategy established a cash reserve by selling common stock on December 1. Strategy previously anticipated that its annual operating performance would range from a loss of $7 billion to a profit of $9.5 billion, provided that Bitcoin trading prices remain between $85,000 and $110,000.