Strategy (MSTR) reported a net loss of $12.4 billion in the fourth quarter of 2025 as the price of bitcoin (BTC) tumbled from about$120,000 on October 1 to roughly $89,000 to close the year. Things have only gotten worse since, with the price of bitcoin falling hard in recent weeks and finally crashing on Thursday to the$64,000 level ahead of the Strategy results. Strategy shares closed the session down 17% in one of their worst performances in years. The stock's up modestly in after hours trade. Led ...