Strategy posts $12.54B Q1 loss as bitcoin price drops from $87K to $68K

Strategy (MSTR) reported a $12.54 billion net loss in Q1 2026 due to bitcoin's price falling from about $87,000 to $68,000. Despite the loss, bitcoin rebounded above $80,000 early in Q2, while Strategy continued buying BTC rapidly, holding 818,334 coins at an average price of $75,537. The company ended Q1 with $2.25 billion in cash, enough to cover 18 months of preferred stock dividends. Investors now await the earnings call for insights on future strategy amid a volatile crypto market.