Strategy may disclose a loss of several billion dollars in the fourth quarter of 2025, due to the group's holding of approximately $60 billion in Bitcoin assets, with Bitcoin falling 24% in the fourth quarter, resulting in a significant paper loss. If true, this means Strategy may erase the $2.8 billion profit recorded in the previous quarter due to the Bitcoin crash.

As Strategy's enterprise value is on the verge of falling below the value of its Bitcoin holdings, it has also triggered market concerns that the group may need to sell Bitcoin. To alleviate these concerns, Strategy established a cash reserve by selling common stock on December 1. Strategy previously expected the full-year operating performance to range from a loss of $7 billion to a profit of $9.5 billion, assuming Bitcoin trading prices between $85,000 and $110,000.