Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures

Strategy, the world’s largest publicly traded Bitcoin (BTC) holder, released its first-quarter (Q1) financial results on Tuesday, and the headline number was stark: more than $12 billion in losses. Strategy Q1 Financial Snapshot In its report, the company said its operating loss for Q1 2026 totaled $14.47 billion, compared with $5.92 billion in Q1 2025. Strategy also broke out the main driver of that operating loss, stating that Q1 2026 operating loss included an unrealized loss on the company’s