Strategy Co., the largest corporate Bitcoin holder, posted massive FY2025 losses and signaled possible Bitcoin sales, sparking investor concern over its liquidity strategy.
Strategy Co., the largest corporate holder of Bitcoin, reported a Q4 FY2025 unrealized loss of $17.4 billion and a full-year net loss of $12.4 billion. The company holds $2.25 billion in cash to cover debt and dividends, but co-founder Michael Saylor stated that selling Bitcoin is now under consideration, raising investor concerns. This marks a shift from earlier remarks that only a prolonged crash to $8,000 over years could threaten bond repayment, indicating heightened caution regarding liquidity and market volatility.