Strategy may face massive losses in Q4 2025 due to the decline in the value of its bitcoin holdings

Strategy may record billions of dollars in losses in the fourth quarter of 2025, as the group’s approximately $60 billion in bitcoin assets saw a 24% price drop during the quarter, which is expected to result in a huge paper loss. This could wipe out the $2.8 billion profit recorded in the previous quarter. The market is concerned that the group may need to sell bitcoin to cope with the difficulties. To ease the pressure, Strategy established a cash reserve by selling common stock on December 1. Previously, the group expected its full-year operating performance to range from a $7 billion loss to a $9.5 billion profit, assuming the trading price of bitcoin remains between $85,000 and $110,000.