Strategy reported a $12.4 billion loss in Q4, and Michael Saylor stated that "selling BTC is also an option."

PANews reported on February 7th, citing Caixin, that Strategy, the world's largest corporate Bitcoin holder, reported a $17.4 billion unrealized loss on changes in the fair value of its assets in its Q4 and full-year 2025 financial results, resulting in a net loss of $12.4 billion. While the company holds $2.25 billion in cash reserves, sufficient to cover debt interest and dividends, and currently faces no immediate risk of selling off its holdings, co-founder Michael Saylor, during the earnings call, reiterated his "buy-only" policy, stating that "selling Bitcoin is also an option." One investor commented that "this will undoubtedly further trigger a pre-emptive sell-off in the market."