Michael Saylor’s crypto project pounded after US$12.4 billion loss
Published Fri, Feb 6, 2026 · 06:43 AM
[NEW YORK] Bitcoin’s plunge below US$65,000 is intensifying the crisis rocking the digital-asset complex, and few companies are more exposed than Michael Saylor’s Strategy.
In an earnings announcement on Thursday (Feb 5), the Bitcoin-hoarding company confirmed a net loss of US$12.4 billion for the fourth quarter, driven by the mark-to-market decline in its vast holdings. That pain deepened this week, as fresh market turmoil pushed the firm’s Bitcoin stash below its cumulative cost basis for the first time since 2023, and erased the token’s post-election gains.
The former enterprise software firm had long defied gravity by turning its equity premium into a token-acquisition machine. At its…
