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$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 ...