Strategy reports $14.5 billion unrealized loss on its bitcoin holdings for Q1 2026

Michael Saylor's Strategy disclosed a significant unrealized loss of $14.46 billion on its Bitcoin holdings for the first quarter of 2026. This substantial paper loss is partially offset by a $2.42 billion deferred tax asset generated from the drop in value and associated tax losses, as detailed in the company's latest SEC filing. Despite the current market downturn impacting its holdings, Strategy continued to expand its Bitcoin reserves, purchasing an additional 4,871 BTC for approximately $330 million between April 1 and April 5. This acquisition increased its total Bitcoin holdings to 766,970 BTC, valued at around $53 billion at current prices. The average purchase price per coin has slightly decreased to $75,644 following these recent acquisitions, funded by proceeds from the company's stock offerings. Strategy's ATM programs are a key component of its long-term capital strategy, aiming to raise substantial capital by 2027 to support further Bitcoin acquisitions.

(Source：The Block)