Strategy, the world’s largest publicly traded Bitcoin (BTC) holder, released its first-quarter (Q1) financial results on Tuesday, and the headline number was stark: more than $12 billion in losses.
Strategy Q1 Financial SnapshotStrategy’s net loss for the first quarter of 2026 came in at $12.54 billion, or $38.25 per common share on a diluted basis. That compared with a net loss of $4.22 billion, or $16.49 per common share on a diluted basis, in the prior-year quarter.
The company also provided an update on liquidity. As of March 31, 2026, Strategy reported cash and cash equivalents of $2.21 billion, compared with $2.30 billion as of December 31, 2025.
On the revenue side, Strategy recorded total revenues of $124.3 million in Q1 2026, up from $111.1 million in Q1 2025—an increase of 11.9% year over year.
Bitcoin Numbers DisclosedStrategy also included a Bitcoin performance snapshot. Through 2026 year-to-date, the company reported a BTC yield of 9.4%. It also reported a BTC dollar gain of $4.97 billion for 2026 year-to-date.
As of May 3, 2026, Strategy said its digital assets were comprised of approximately 818,334 Bitcoin. The company reported an original cost basis and market value of $61.81 billion and $64.14 billion, respectively.
For Strategy, that translates to an average cost per Bitcoin of approximately $75,537 and an average market price per Bitcoin of approximately $78,374 as of May 1, 2026.
On Tuesday, Strategy’s stock, which trades under the ticker name MSTR, closed the trading session at $186, marking a 3% increase for the day, as Bitcoin surpassed the $81,000 mark.
Featured image created with OpenArt, chart from TradingView.com
