Michael Saylor‘s Strategy Inc. posted a staggering $12.4 billion net loss for the fourth quarter of 2025, driven almost entirely by unrealized losses on its bitcoin treasury as crypto prices tumbled. The company disclosed Wednesday that it now holds 713,502 bitcoins acquired at a total cost of $54.26 billion, representing an average purchase price of $76,052 per coin. Despite the paper losses, Strategy added 41,002 bitcoins in January 2026 alone, signaling no retreat from its core accumulation strategy. ...

Core Insights - The company disclosed the purchase of an additional 2,932 Bitcoin for approximately $264.1 million during a market decline, reinforcing its long-standing accumulation strategy [1] - This acquisition increased the company's total Bitcoin holdings to 712,647 BTC, with an average purchase price now near $76,000 per Bitcoin, making it the largest corporate holder of Bitcoin [2] Group 1: Recent Acquisitions - The recent purchase of 2,932 Bitcoin is part of a larger trend, with the company adding roughly 40,100 Bitcoin in January alone, surpassing combined purchases from August to December 2025 [3] - The recent buying activity indicates a tactical shift, moving from restrained activity to a more aggressive accumulation strategy during market stress [4] Group 2: Financing and Market Impact - The latest Bitcoin acquisition was primarily financed through equity issuance, raising about $257 million from the sale of approximately 1.7 million shares of Class A common stock [5] - The company's reliance on equity markets for funding Bitcoin purchases ties its balance sheet closely to crypto prices and investor sentiment, with shares trading near $163 following the disclosure [6]

Core Insights - Prenetics Global has ceased accumulating Bitcoin as of December 4, focusing instead on its nutrition supplement brand IM8, which has shown significant revenue growth [1][4] - The company's existing Bitcoin holdings amount to 510 BTC, valued at approximately $45 million, which will be retained as a treasury reserve asset [1][4] - Prenetics' strategic pivot is aimed at maximizing long-term shareholder value through the IM8 brand, which has already achieved $100 million in recurring revenue within its first 11 months [4] Company Strategy - Prenetics initiated a "1 BTC per day" strategy on August 1, accumulating around 275 BTC worth about $31 million by October 27, but has now shifted focus away from Bitcoin accumulation [3] - The company raised $48 million in an oversubscribed equity round in October to support its Bitcoin strategy, with a long-term goal of reaching $1 billion in Bitcoin holdings within five years [3] - The decision to stop Bitcoin purchases reflects a disciplined approach to strategic decision-making, emphasizing the commitment to sustainable shareholder value [2] Financial Performance - Following the announcement of the strategic shift, Prenetics' stock (PRE) fell by 3.5%, trading around $15.74, although it has risen 189% year-to-date [6] - In contrast, Bitcoin has experienced a decline of approximately 5.6% during the same period, indicating a challenging market environment for digital assets [6] - Other companies in the digital asset treasury space, such as ETHZilla, have also shifted focus away from crypto holdings, highlighting a broader trend in the industry [5]

Core Insights - Matador Technologies Inc. has received approval for a CAD $80 million base shelf prospectus, enhancing its capital markets strategy and providing flexibility for future capital access [2][3][7] - The company aims to increase its Bitcoin holdings significantly, having already raised its Bitcoin assets by approximately 767% from December 10, 2024, to December 22, 2025, with a target of holding 1,000 Bitcoin by the end of 2026 [5][6][7] - Matador has also secured a USD $100 million secured convertible note facility, which complements the new shelf prospectus and supports its Bitcoin accumulation strategy [4][6] Financial Strategy - The CAD $80 million shelf prospectus allows for the distribution of various financial instruments, including common shares and debt securities, over a 25-month period [3] - The company plans to utilize the capital raised for further Bitcoin purchases and general corporate purposes, aligning with its long-term objective of maximizing Bitcoin per share [3][5] - Matador's current treasury consists of approximately 175 Bitcoin, and the new capital access is intended to facilitate reaching its target of 1,000 Bitcoin [7][9] Strategic Partnerships - Matador is expanding its global presence by investing in HODL Systems, aiming for a 24% ownership stake in the Indian digital asset treasury company, which reinforces its commitment to Bitcoin as a reserve asset [9] - The company emphasizes the importance of maintaining capital efficiency while driving long-term shareholder value through its Bitcoin-first strategy [8][10]

LATEST: ⚡ Michael Saylor’s Strategy has added another 850 BTC to its stack, remaining committed to its long-term Bitcoin accumulation strategy despite its stock underperforming against Bitcoin over the past month. https://t.co/739So9SNzY ...

Strategy - ProCap 制定了比特币积累策略 [1] Confidentiality - 该策略需要保密，不能告知 Michael Saylor, Greg Gerovich, 或 Jack Mallers [1]

Core Viewpoint - LQWD Technologies Corp. has acquired an additional ~57.5 Bitcoin, increasing its total holdings to ~238.5 Bitcoin as part of its strategy to grow its Lightning Service Provider (LSP) business [1][7]. Group 1: Company Overview - LQWD Technologies Corp. is a Canadian-based company focused on Bitcoin-backed infrastructure for the Bitcoin Lightning Network, aiming to facilitate instant, low-cost transactions [3]. - The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity, positioning itself as a leader in Lightning infrastructure [3]. Group 2: Financial Metrics - LQWD now holds approximately ~866 Sats per share and ~688 Sats per diluted share, reflecting a BTC Yield of ~54.6% year-to-date [1]. - The company has 27,546,741 shares outstanding, remains debt-free, and holds all Bitcoin reserves unencumbered [1]. Group 3: Strategic Focus - The CEO emphasized that Bitcoin is foundational to the company's business, with a long-term strategy focused on accumulating Bitcoin and scaling with the growth of the Lightning Network [2]. - LQWD's strategic treasury and infrastructure are designed to provide investors with exposure to both Bitcoin's long-term appreciation and the emerging potential of Lightning-based payment technology [4].