MSTR Posts More Than 1600% Jump In Operating Loss in Q4 As Bitcoin Crash Bites

It said its operating loss for the fourth quarter of 2025 includes an unrealized loss on the company’s digital assets of $17.4 billion.

Michael Saylor’s Strategy (MSTR) on Thursday reported a 1,640% rise in its operating loss in its fourth quarter earnings. 

The company said its operating loss for the fourth quarter of 2025 was $17.4 billion, compared to an operating loss of $1.0 billion for the fourth quarter of 2024. It said its operating loss for the fourth quarter of 2025 includes an unrealized loss on the company’s digital assets of $17.4 billion.

The company said its total revenues for the fourth quarter of 2025 were $123.0 million, a 1.9% increase year-over-year, compared to the fourth quarter of 2024.

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