Here’s how much Michael Saylor’s Strategy lost on crypto in Q1 2025
Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has reported unrealized losses on its cryptocurrency haul for the first three months of 2025, coinciding with the company’s continued spree of accumulating Bitcoin. In a Monday, April 7 filing with the Securities and Exchange Commission (SEC), the firm disclosed $5.91 billion in unrealized digital asset losses, primarily tied to its massive Bitcoin treasury. The Michael Saylor-led firm stated that the losses are partially offset by $1.69 billion in income-tax benefits. “Our unrealized loss on digital assets for the quarter ended March 31, 2025, was $5.91 billion, which we expect will result in a net loss for the quarter ended March 31, 2025, partially offset by a related income tax benefit of $1.69 billion,” the company stated. Bitcoin’s challenging period The announcement comes during a challenging stretch for Bitcoin (BTC), which has dropped below the $80,000 support level. BTC was t...