Strategy reported about $14.46 billion in unrealized losses on its Bitcoin holdings in the first quarter of 2026. The company said tax effects created about $2.42 billion in deferred tax assets, partially offsetting the paper loss. Despite the quarter’s decline in the market value of its Bitcoin position, Strategy continued adding Bitcoin in early April through its at-the-market stock program as part of its 42/42 strategy, which targets $84 billion by 2027.