In its first quarter of 2026 results, Strategy (MSTR) disclosed a net loss of $12.54 billion, attributed to the decline in bitcoin’s price from about $87,000 at the beginning of January to approximately $68,000 by March 31. However, since the onset of Q2, bitcoin has rallied back above $80,000, and Strategy has significantly increased its coin holdings, which may lead to a substantial profit during April-June.
Under the leadership of Executive Chairman Michael Saylor, Strategy holds the title of the largest corporate bitcoin holder with 818,334 BTC acquired at an average price of $75,537. The company concluded Q1 with $2.25 billion in cash reserves, sufficient for around 18 months’ worth of preferred stock dividends.
Shares of MSTR have seen nearly a 20% increase since the start of the year but are still down by over 50% compared to the previous year. With first-quarter outcomes largely anticipated and factored into current valuations, investors will now turn their attention to the earnings call at 5 p.m. ET, where Saylor and his team are expected to detail future plans.