Strategy, the largest corporate holder of bitcoin globally, kicked off the new year with its first acquisition of 2026, while reporting a significant fourth-quarter paper loss as Bitcoin prices dipped towards the end of last year.
Strategy purchased 1,283 Bitcoin (BTC) for $116 million, raising its total holdings to 673,783, valued at $62.6 billion, with an average cost basis of $75,026 per BTC, as stated in a Monday filing with the US Securities and Exchange Commission.
The coins were acquired at an average price of about $90,000 each, funded by proceeds from the sale of MSTR Stock under the company’s at-the-market (ATM) offering.
The company also increased its US dollar reserves by $62 million, bringing the total to $2.25 billion, as mentioned by Strategy co-founder and executive chairman Michael Saylor in a Monday X post. This cash reserve supports payments for dividends, preferred stock, and covers interest on outstanding debts.
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Though this latest purchase is greater than last week’s $108 million acquisition, it pales in comparison to some of Strategy’s most substantial investments in 2025.
Strategically, the company made its two largest Bitcoin purchases of 2025 on March 31, acquiring 22,049 BTC for $1.92 billion, followed by a further 21,021 BTC for $2.46 billion on July 29, based on data from SaylorTracker.com.
This latest investment follows two weeks after Strategy added $747.8 million in net proceeds to its cash reserves from a common stock sale, Cointelegraph reported on December 22.
Strategy reports a $17 billion paper loss for Q4 2025
Concerns regarding Strategy’s Bitcoin-centric business model remain as the company documented a $17.4 billion unrealized loss on its Bitcoin holdings for Q4 2025, correlating with a price drop of over 23%, as per Cointelegraph data.
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Additionally, the company reported a $5 billion associated deferred tax benefit, indicating a possible future reduction in its income tax liabilities, according to the filing.
On Monday, Strategy’s stock price rose by 3.88% in pre-market trading to exceed $157; however, it has declined over 58% in the past year, as shown by Google Finance data.
The company’s strong support for Bitcoin has inspired others to adopt Bitcoin-focused treasury strategies, such as the Japanese investment company Metaplanet, now the fourth-largest public Bitcoin holder with 35,102 Bitcoin valued at $3.25 billion.
Under Strategy’s leadership, public firms have accumulated 1.09 million Bitcoin, representing 5.21% of the total supply, according to Bitcointreasuries data.
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