🔥 BULLISH: Saylor says Strategy will keep buying Bitcoin, projecting 2–3x stronger returns than the S&P 500 in the long term. https://t.co/TBpMoTfjVT ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'The Blockspace Pod,’ in partnership with @blockspace!The Blockspace Pod: What Epstein’s Bitcoin Investments Really Reveal w/ Kyle TorpeyOn the latest @Blockspace Pod, @kyletorpey joins @AsILayHodling to break down his findings on Bitcoin’s intersection with Jeffrey Epstein.⚡️Epstein invested $3m into Coinbase in 2014⚡️Epstein met with Ben Lawsky, creator of the NYDFS Bitlicense, in 2014⚡️Epstein met with Bitcoin lead dev Gainv Andr ...

Wintermute reported that Bitcoin has erased all gains since Trump’s November 2024 election. Weekend liquidations exceeded $2.7 billion, with BTC briefly falling below $80,000 and dipping to $60k—the lowest since April 2025. The decline was driven mainly by U.S. capital, with negative Coinbase premiums and spot ETFs seeing a cumulative $6.2 billion outflow since November. IBIT was both the largest holder and a key supply source. Crypto assets show bearish skew, while AI-themed investments continue to draw fu ...

Financial Data and Key Metrics Changes - In Q4 2025, revenues increased by 72.6% sequentially, primarily driven by growth in product revenue [16] - Gross margin for the quarter was 37.7%, impacted by provisions for slow-moving inventory; excluding these provisions, gross margin would have been approximately 43% compared to 42.4% in the prior quarter [16] - The company reported an IFRS net loss of $87.1 million in Q4, compared to a net profit of $900,000 in the prior quarter; on a non-IFRS basis, the net loss was $18.5 million, or $1.19 per ADS [18] Business Line Data and Key Metrics Changes - The IoT semiconductor business generated $7 million in revenue in Q4, with over 94% from product sales and roughly 6% from services [8] - For the full year 2025, total revenue was approximately $27.2 million, with an adjusted underlying business closer to $20 million [8] - The company expects to target approximately $40 million-$45 million of total global revenue in 2026, supported by a significant order backlog [8] Market Data and Key Metrics Changes - The revenue funnel exceeded $550 million in potential three-year product revenue, including over $300 million from design win projects, with 44% already in production [9] - The company is seeing strong demand in verticals such as smart metering, telematics, and asset tracking, with CAT-M and CAT-1 bus technologies driving growth [10] Company Strategy and Development Direction - The company remains focused on executing its IoT strategy and advancing its 5G product roadmap, aiming to unlock the full strategic value of the IoT business [5] - A disciplined approach to capital management includes right-sizing operating expenses and investing in key R&D programs [7] - The company is evaluating strategic alternatives to add profitability and unlock additional value across both the IoT business and its treasury strategy [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the design win pipeline, with expectations for continued momentum and a path toward cash flow breakeven by the end of 2026 [21] - The company is addressing supply chain challenges, including substrate constraints and memory pricing pressures, while maintaining strong customer relationships [12] - Management anticipates little to no impact on business in the first half of 2026, with a focus on reducing cash burn and achieving breakeven [12] Other Important Information - The company repurchased approximately 9.7% of its outstanding ADSs in Q4 and has board authorization for an additional 10% buyback [6] - At year-end 2025, the company held 2,139 Bitcoin with a market value of $187.1 million, with 1,617 Bitcoin pledged as collateral for convertible debt [19] Q&A Session Summary Question: Guidance on licensing and design wins - Management indicated a conservative approach to licensing revenue, expecting around $5 million secured for the year, with 80%-85% of revenue from products and 15%-20% from services [26][28] Question: Break-even cash goal and operating expenses - Management targets a combined R&D and SG&A expense of around $10.5 million in the second half of the year, with expectations for cash flow breakeven [50] Question: Progress on 5G eRedCap chip - Revenue from the 5G eRedCap chip is expected around mid-2028, contingent on infrastructure readiness and customer engagement [52][55] Question: Customer receptiveness to price increases - Customers have been generally receptive to price increases, understanding the supply chain challenges and cost pressures [73] Question: Bitcoin treasury strategy and debt redemption - Management is evaluating options for debt redemption based on Bitcoin prices, with a preference for redeeming debt sooner rather than later if Bitcoin does not rally [78]

Financial Data and Key Metrics Changes - In Q4 2025, revenues increased by 72.6% sequentially, primarily driven by growth in product revenue [17] - Gross margin for the quarter was 37.7%, impacted by provisions for slow-moving inventory; excluding these provisions, gross margin would have been approximately 43% compared to 42.4% in the prior quarter [17] - The company reported an IFRS net loss of $87.1 million in Q4, compared to a net profit of $900,000 in the prior quarter; on a non-IFRS basis, the net loss was $18.5 million, or $1.19 per ADS [19] Business Line Data and Key Metrics Changes - The IoT semiconductor business generated $7 million in revenue in Q4, with over 94% from product sales and roughly 6% from services [9] - For the full year 2025, total revenue was approximately $27.2 million, with a significant amount from non-recurring Qualcomm-related revenue [9] - The company expects total global revenue to target approximately $40 million-$45 million in 2026, supported by a strong order backlog [9] Market Data and Key Metrics Changes - The design win pipeline exceeded $550 million in potential three-year product revenue, with over $300 million from design win projects; 44% of these projects have reached production [10] - The company anticipates meaningful revenue from its 5G licensee partner in China, with demand for 5G eRedCap strengthening [12] Company Strategy and Development Direction - The company remains focused on executing its IoT strategy and advancing its 5G product roadmap, aiming to unlock the full strategic value of the IoT business [5] - A disciplined approach to capital management includes right-sizing operating expenses and investing in key R&D programs [7] - The board is actively reviewing strategic alternatives to add profitability and unlock additional value across both the IoT business and the treasury strategy [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the IoT business's momentum, with expectations of reaching cash flow breakeven by Q4 2026 [15] - The company is addressing supply chain challenges, including substrate constraints and memory pricing pressures, while maintaining strong customer relationships [13] - Management highlighted the importance of transitioning from 4G to 5G for IoT applications, viewing the 5G eRedCap solution as critical for future growth [12] Other Important Information - The company repurchased approximately 9.7% of its outstanding ADSs in Q4 and has board authorization for an additional 10% buyback [6] - A non-cash impairment charge of $56.9 million related to Bitcoin holdings was recorded in Q4, alongside an $8.4 million net realized loss on the sale of Bitcoin [18] Q&A Session Summary Question: Guidance on licensing and design wins - Management indicated a conservative approach to licensing revenue, expecting around $5 million secured for the year, with 80%-85% of revenue from products and 15%-20% from services [24][26] Question: Break-even cash goal and operating expenses - Management targets a combined R&D and SG&A expense of around $10.5 million in the second half of the year, aiming for cash flow breakeven [43] Question: Competitive landscape for Cat-1bis and eRedCap - Management noted strong positioning in the Cat-1bis market, with limited competition, and emphasized the importance of eRedCap for future growth [36][38] Question: Impact of memory pricing and supply chain - Management acknowledged challenges in memory pricing and supply chain dynamics, indicating ongoing efforts to manage costs and secure supply [33][34] Question: Bitcoin treasury strategy and debt management - Management is evaluating options regarding convertible debt redemption based on Bitcoin price movements, indicating a preference for early redemption if Bitcoin does not rally [61]

JUST IN: Michael Saylor says 'Strategy' will be buying Bitcoin every quarter. https://t.co/N5vXbx4dut ...

JUST IN: Michael Saylor says Strategy will not be selling Bitcoin“Concerns that Strategy will be selling is unfounded”“We will keep buying” 🙌https://t.co/l1Y9Zybtwl ...

🚨BREAKING: SAYLOR SAYS STRATEGY IS "NOT GOING TO BE SELLING BITCOIN"Michael @saylor, in a brand-new interview, has addressed fears that @strategy will sell its $BTC holdings (worth nearly $50 billion)..."Any concern that we will sell is completely unfounded" ...

RT The Bitcoin Conference (@TheBitcoinConf)WE'RE EXCITED TO ANNOUNCE CONGRESSMAN NICK BEGICH AS A BITCOIN 2026 SPEAKER 🧡"Bitcoin is the cornerstone of financial sovereignty." 🔥 https://t.co/Jxvg7OJirM ...

Where Next for Bitcoin? The Bull and Bear Casehttps://t.co/wulcaMPUnG ...