Strategy posts $12.54B loss as bitcoin holdings hit 818,334 BTC amid volatile asset values

Strategy Inc. reported a $12.54 billion net loss in Q1 2026 due to $14.46 billion in unrealized bitcoin valuation losses, despite an 11.9% revenue increase to $124.3 million. The company expanded its bitcoin holdings to 818,334 BTC, financed largely through preferred stock offerings (STRC) and equity sales, raising over $11 billion year-to-date. While bitcoin volatility caused sharp earnings swings, Strategy's CEO highlighted growing bitcoin adoption and strong demand for STRC financing. The company paused bitcoin purchases after 108 buys, focusing on managing its large bitcoin exposure and balancing growth with earnings volatility.