Michael Saylor's Strategy (MSTR), formerly MicroStrategy, is a business software company turned Bitcoin treasury powerhouse. Yesterday, Strategy reported an unrealized loss of $17.44 billion in Q4 of 2025, as Bitcoin (BTCUSD) prices declined by 25% in the December quarter. The loss marks a sharp reversal from the $3.9 billion unrealized gain Strategy reported in Q3. It highlights the extreme volatility inherent in the company's Bitcoin-centric strategy. Under new accounting standards adopted in Q1 of 202 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Health Sciences company Prenetics Global Ltd. (NASDAQ:PRE) has said it is abandoning its Bitcoin treasury strategy. The David Beckham-backed company on Dec. 30 said it would no longer acquire Bitcoin and would instead focus on its supplement brand IM8. It cited the rapid growth of IM8, which it said had reached $100 million in annualized recurring revenue in just 11 months. Don't Miss: “The phenomenal su ...

The prevailing issue for cryptocurrencies is that there aren't any major catalysts for the new year. Bitcoin, which accounts for 59% of the total digital currency market value, is well beyond its halving event. Furthermore, President Donald Trump's election and the passage of the Genius Act are in the rearview mirror.Significant downdrafts in the crypto market have been occurring every four years, with prior drops in 2018 and 2022 leading to peak-to-trough drops of approximately 80% and 70%, respectively. A ...

Key Takeaways MSTR shares fell nearly 50% in 3M, pressured by Bitcoin volatility, mNAV compression and weak technicals.Strategy holds about 671,268 BTC, making Bitcoin its primary reserve asset and a scale edge over peers.MSTR raised about $6.7B via preferred securities and trades at a 0.91x P/B, well below its industry average.Strategy (MSTR) , the world’s largest corporate Bitcoin holder, has seen its shares tumble 49.7% over the past three months, sharply underperforming the Zacks Finance sector’s growth ...

Core Viewpoint - Strategy stock has experienced a significant decline of 35% in 2025, despite Bitcoin's token price remaining relatively flat during the same period [5][9]. Company Strategy - The company, formerly known as MicroStrategy, has adopted a Bitcoin treasury strategy, raising funds through stock sales and bond issuance to invest heavily in Bitcoin [2][6]. - Over the past five years, Strategy stock has surged approximately 556%, outperforming Bitcoin's gain of 414% during the same timeframe [4]. Financial Performance - The current market capitalization of Strategy is $51 billion, with a gross margin of 75.93% [9]. - The stock has shown significant volatility, with a 52-week price range of $155.61 to $457.22 [9]. Market Dynamics - The company's balance sheet is heavily weighted towards Bitcoin holdings, and its market capitalization tends to move in alignment with Bitcoin's token price [6][9]. - If Bitcoin's pricing momentum returns to a bullish phase, Strategy stock is expected to rebound dramatically; however, if Bitcoin loses value or remains flat, the company's share price could decline further [10]. Investment Considerations - At the current price level, Strategy stock may present greater upside potential compared to Bitcoin, but it also carries higher risks due to macroeconomic and geopolitical factors affecting the crypto market [11].

Bitcoin treasury Strategy will remain on the Nasdaq 100 after the prestigious index on Friday announced its annual reshuffle. Some analysts had raised concerns that the software company — previously known as MicroStrategy — may be removed from the list after its stock took a hit this year. Strategy joined the Nasdaq 100 in December 2024 following a boom in its share price. Strategy shares (NASDAQ: MSTR) are down over 40% year-to-date and market observers have said the company may be overleveraged. Stra ...

Core Insights - Metaplanet, a Tokyo-based company, anticipates universal corporate adoption of Bitcoin, leveraging Japan's $7 trillion in idle savings to enhance digital asset investment [1][6] Group 1: Company Strategy - Metaplanet aims to act as a bridge between Japan's stagnant cash reserves and the Bitcoin economy, capitalizing on the country's unique macroeconomic conditions [2][3] - The company has developed a "digitally native balance sheet" over the past 18 months, raising approximately $3 billion in equity in 2025, significantly outpacing other issuers in Japan [3][4] - The firm has transformed from a $50 million company in early 2024 to one of Japan's most active equity issuers, utilizing Bitcoin's volatility to its advantage [4] Group 2: Financial Mechanism - A key aspect of Metaplanet's strategy is a preferred-equity structure that allows for a 20× increase in Bitcoin purchasing power for every million dollars in revenue generated [5][6] - This leverage is achieved through perpetual preferred securities, which function like fixed-income instruments and mitigate refinancing risks [7]

Core Insights - Michael Burry, known for his early investment in GameStop, recognized the company's undervaluation despite its declining brick-and-mortar business [1] - Burry exited his GameStop position in late 2020, missing the peak of the meme stock phenomenon, and has since made several cryptic comments about the stock [2][5] - GameStop's recent earnings report showed a 22% increase in net sales to $972 million, driven by growth in hardware and collectibles [6] - The company doubled its cash on the balance sheet, although this was accompanied by increased debt, and generated $117 million in operating cash flows [7] Company Performance - GameStop's diluted earnings per share rose to $0.31 from $0.04 year-over-year, indicating improved profitability [6] - The stock trades at approximately 23 times forward earnings and 2.4 times forward sales, suggesting a valuation that may be considered reasonable depending on future performance [7] - Concerns remain regarding management's investment in Bitcoin, which may indicate a lack of strategic direction [8] Investor Sentiment - Retail investors are showing renewed interest in Burry's insights through his Substack, particularly regarding his past involvement with GameStop [3][5] - Burry's upcoming posts on GameStop are anticipated to provide further clarity on his views and potential investment strategies [10]

When Brazilian fintech firm Méliuz (CASH3) reviewed its balance sheet in late 2024, it found something startling: it was profitable, debt-free, and growing, yet the market had valued its business at zero. “If you excluded the cash on hand,” Diego Kolling, Head of Bitcoin Strategy at Méliuz, told CoinDesk at the Blockchain Conference Brasil 2025. “The company was worth nothing.” That cash, roughly R$250 million at the time, was mostly parked in government bonds. After taxes and inflation, returns were nega ...

Group 1: Market Trends and Innovations - Wall Street is witnessing signs of breakdown in several hyped trends and innovations that have historically driven stock market growth [1][3] - The internet's arrival in the mid-1990s significantly altered the growth trajectory for American businesses and retail investors [2] - Currently, three major trends are emerging simultaneously: Artificial Intelligence (AI), Quantum Computing, and Bitcoin treasury strategy, raising concerns about potential simultaneous market bubbles in 2026 [3] Group 2: Artificial Intelligence (AI) - AI is viewed as a transformative technology that could rival the internet, enabling software to make decisions without human oversight [4] - Despite high sales growth in AI infrastructure, there are concerns about the optimization of AI solutions and the return on investment for businesses [5] - AI stock valuations are difficult to justify, with companies like Palantir Technologies (PLTR) exhibiting a trailing-12-month price-to-sales (P/S) ratio of 102, which is unsustainable historically [6][8] Group 3: Quantum Computing - Quantum computing is identified as a second potential market bubble, with stocks like IonQ, Rigetti Computing, and D-Wave Quantum experiencing significant price increases [8][9] - These companies face challenges due to the untested nature of quantum technology and the long timeline required for practical business applications [11] - Current valuations for quantum computing stocks are extremely high, with P/S ratios of 130, 906, and 246, indicating bubble territory [12] Group 4: Bitcoin Treasury Strategy - The Bitcoin treasury strategy involves companies using cash or issuing stock to purchase Bitcoin, which is perceived as a hedge against inflation [14][15] - Companies adopting this strategy are generally losing money and diluting shareholder value, raising concerns about sustainability [18][19] - Bitcoin itself is facing scrutiny regarding its real-world utility, with potential implications for the valuation of companies holding Bitcoin on their balance sheets [20]