Strategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ

Dow Jones

01/06

By Vicky Ge Huang

Strategy, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash.

The loss was partly driven by a fair value accounting standard adopted by Strategy last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter.

Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022.

Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

January 05, 2026 12:08 ET (17:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求，你需要登录查看该内容

登录 / 注册

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2601835769"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2601835769\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2601835769?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-06 01:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2601835769","market":"hk","top_or_hot":-1,"title":"Strategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash. \n</p>\n<p>\n     The loss was partly driven by a fair value accounting standard adopted by <a href=\"https://laohu8.com/S/STRF\">Strategy</a> last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter. \n</p>\n<p>\n     Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022. \n</p>\n<p>\n     Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 12:08 ET (17:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategy Records $17.44 Billion Unrealized Loss in Fourth Quarter -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-06 01:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash. \n</p>\n<p>\n     The loss was partly driven by a fair value accounting standard adopted by <a href=\"https://laohu8.com/S/STRF\">Strategy</a> last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter. \n</p>\n<p>\n     Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022. \n</p>\n<p>\n     Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 12:08 ET (17:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"3LMI.UK","symbol_name":"GRANITESHARES 3X LONG MSTR DAILY ETP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601835769","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601835769","pubTimestamp":1767632880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Strategy, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash.The loss was partly driven by a fair value accounting standard adopted by Strategy last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter.Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022.Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4.This item is part of a Wall Street Jo","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","MSTZ":"2倍做空MSTR ETF-T-Rex","09799":"南方两倍做多MSTR-U","BK4516":"特朗普概念","MST":"做多杠杆+收益MSTR ETF-Defiance","SMST":"2倍做空MSTR ETF-Defiance","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","MSII":"REX MSTR Growth & Income ETF","MSTY.UK":"YIELDMAX MSTR OPTION INCOME STRATEGY ETC","BK4596":"哈里斯概念","WNTR":"做空MSTR期权收益策略ETF-YieldMax","BK4600":"加密货币概念","BK4588":"碎股","IMST":"MSTR期权收益策略ETF-Bitwise","MSTK":"Tuttle Capital MSTR 0DTE Covered Call ETF","MSDD":"2倍做空MSTR ETF-GraniteShares","09399":"南方两倍做空MSTR-U","BK4595":"比特币概念","MSTP":"2倍做多MSTR ETF-GraniteShares","MSOO":"2倍上限加速MSTR ETF-Leverage Shares","MSTR":"Strategy","BK4023":"应用软件","07399":"南方两倍做空MSTR","MTYY":"GraniteShares YieldBOOST MSTR ETF","MSTW":"Roundhill MSTR WeeklyPay ETF","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","MSTX":"2倍做多MSTR ETF-Defiance","BK4585":"ETF&股票定投概念","APED":"STKd 100% MSTR & 100% COIN ETF","SMI3.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","07799":"南方两倍做多MSTR","MSTY":"MSTR期权收益策略ETF-YieldMax","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF"},"translate_title":"Strategy第四季度未实现亏损174.4亿美元——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"3SMI.UK":0.6,"3LMI.UK":0.6,"WNTR":0.6,"MSOO":0.6,"MSST":0.6,"07399":0.6,"MTYY":0.6,"MSTR":1.97,"SMI3.UK":0.6,"MST":0.6,"MSTW":0.6,"MSTX":0.6,"MSTY":0.6,"MSTZ":0.6,"SMST":0.6,"IMST":0.6,"07799":0.6,"09399":0.6,"MSTK":0.6,"MBTmain":0.78,"09799":0.6,"APED":0.6,"LMI3.UK":0.6,"MSII":0.6,"MSTY.UK":0.6,"MSDD":0.6,"MSTP":0.6},"content_text":"By Vicky Ge Huang \n\n\nStrategy, the bitcoin accumulation firm founded by Michael Saylor, recorded a $17.44 billion unrealized loss in the fourth quarter after a sharp decline in the value of its bitcoin stash. \n\n\n     The loss was partly driven by a fair value accounting standard adopted by Strategy last year. Under this rule, companies holding digital assets are required to show the fair value of their cryptocurrencies on their balance sheets at the end of each quarter. The company also recorded a $5.01 billion associated deferred tax benefit in the quarter. \n\n\n     Shares of Strategy plunged 48% in 2025, mirroring a gloomy year for bitcoin. The largest cryptocurrency itself fell more than 6% last year, its worst annual performance since 2022. \n\n\n     Still, both Strategy and bitcoin are off to a strong start in 2026. Bitcoin climbed near $94,000 as of Monday morning, while Strategy gained about 4%. The company said it snapped up about $116 million worth of bitcoin in the seven days ended Jan. 4. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2026 12:08 ET (17:08 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}