Strategy posts $12.5B Q1 loss after $14.5B Bitcoin writedown; Saylor leaves sale option open
Strategy (MSTR) reported a $12.54 billion net loss in Q1 2026 while revenue rose to $124.3 million [1].
Strategy closed the first quarter of 2026 with a $12.54 billion net loss, or $38.25 per diluted share, a result well below Wall Street expectations; revenue for the quarter rose to $124.3 million [1] [2].
The company’s operating results were heavily affected by Bitcoin’s weak start to the year, which produced an unrealized loss in digital assets of about $14.46 billion and contributed to an operating loss of roughly $14.47 billion; Strategy reported it held about 818,334 BTC as of early May 2026 [3] [2] [4].
During the earnings presentation, Chairman Michael Saylor said selling Bitcoin could be considered if it proved advantageous for the company; Strategy also emphasized goals to increase Bitcoin per share and to grow demand for its STRC program, which has scaled to around $8.5 billion, and to reduce convertible-debt exposure [5] [2] [4].
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Citations
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- 1Strategy reported a $12.54 billion Q1 net loss, or $38.25 per diluted shareCryptopolitan• May 5, 2026
- 2BREAKING: Bitcoin Bull Strategy Releases Earnings ReportBitcoin Sistemi• May 5, 2026
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- 4Strategy Inc Posts $12.54B Net Loss in Q1 2026 as Bitcoin Price Drop Hits Holdings HardBlockonomi• May 5, 2026
- 5BREAKING: Michael Saylor and Strategy Announce They May Sell BitcoinBitcoin Sistemi• May 5, 2026
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