MicroStrategy Reports $3.03 Per Share GAAP Loss in Q4, Holds 471,107 Bitcoin Tokens

Strategy Posts Q4 Loss as Bitcoin Holdings Face Impairment, Eyes $10B Gain in 2025

Strategy (MSTR), formerly MicroStrategy, reported a fourth-quarter net loss of $3.03 per share on Wednesday, reversing a profit of $0.50 per share from the same period last year. The decline was primarily due to an impairment charge on its 471,107 bitcoin (BTC) holdings, currently valued at over $45 billion with BTC hovering above $97,000.

Despite the loss, the company remains bullish on its bitcoin strategy, setting a target of a $10 billion gain on its holdings by the end of 2025.

The earnings release comes amid a pivotal week for Strategy, which recently rebranded to better reflect its bitcoin-centric focus and completed an upsized preferred stock offering.

A key accounting shift also looms over corporate digital asset holdings. The Financial Stability Accounting Board (FASB) implemented a fair value accounting rule last year, which becomes mandatory in Q1 2025 after being optional in 2024.

Strategy’s stock saw minor losses in after-hours trading, following a 3% decline during the day as bitcoin briefly dipped to $97,000.