By Elias Schisgall
Strategy reported a wide loss in the first quarter, driven by a drop in the value of its bitcoin holdings.
The bitcoin treasury company on Tuesday reported a loss of $12.77 billion, or $38.25 a share, compared with a loss of $4.23 billion, or $16.49 a share, a year earlier. The change was driven by a decline in the value of Strategy's bitcoin holdings, which it records as losses.
Revenue rose to $124.3 million from $111.1 million.
Analysts polled by FactSet were expecting a reported loss of $7.17 a share on $120.8 million in revenue.
The company had 818,334 bitcoin as of May 3, up 22% year-to-date. Those holdings had a market value of $64.14 billion as of May 1, the company said.
Also as of May 3, the company raised $5.58 billion through STRC, its capital-raising digital credit vehicle. Strategy has paid out $692.5 million in cumulative dividends on STRC to date, it said.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
May 05, 2026 16:18 ET (20:18 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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