Quick overview

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Strategy purchased nearly $1.25 billion worth of Bitcoin, the company’s biggest acquisition of the virtual currency since July. According to a regulatory filing on Monday, the former MicroStrategy purchased 13,627 Bitcoin between January 5 and January 11.

 

The money from the at-market sales of its Class A common stock was used for most of the most recent acquisitions. The action follows the company’s announcement last week that the drop in the value of its cryptocurrency holdings caused an unrealized loss of $17.44 billion in the fourth quarter.

Multibillion-dollar fluctuations in profits and losses resulted from the company’s adoption of accounting standards that required it to include the fair value of its Bitcoin holdings in its earnings. In the three months ending in December, Bitcoin dropped by 24%. 31, the biggest decline since 2022’s second quarter.

The multibillion-dollar loss occurs at a crucial moment for the software manufacturer from the .-com era that is now a leveraged Bitcoin proxy and has accumulated approximately $62 billion in cryptocurrency holdings. The treasury-company model that chairman and co-founder Saylor invented over five years ago has started to lose favor with investors.

The company’s shares fell 48% in 2025 after outperforming benchmark stock indexes after the change. Since the cryptocurrency doesn’t generate any income and the software business generates little positive cash flow, the declining share price raised concerns that Strategy would have to sell Bitcoin to cover future expenses like growing dividends and interest payments. The business set up a cash reserve in December to allay concerns. 1 through the sale of common stock. As of January 4, the reserve was worth $2.25 billion.