Strategy, the largest corporate bitcoin holder, with 818,334 bitcoin, reported its first-quarter earnings, missing analysts’ earnings-per-share estimates but beating on revenue. Shares dipped in after-market trading. 

For the first three months of 2026, Strategy reported:

But the main focus is on its bitcoin operations. Strategy, with a $65 billion market cap, purchased its bitcoin at an average price of $75,537. The company reported a $14.46 billion unrealized loss on its digital assets in its first quarter, according to an April 8-K filing, following bitcoin’s descent over the past three months.

This compares to an unrealized loss on digital assets of $5.91 billion for the first quarter of…