
Strategy Inc, (MSTR) swings to a loss in Q4 due to mark-to-market bitcoin losses

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Strategy Inc (NASDAQ:MSTR) reported its Q4-2025 earnings on February 5, showing mixed results. Revenue increased by 1.9% year-over-year to $123.0 million, surpassing analyst expectations of $118.5 million. However, the company faced significant operating losses of $17.4 billion, compared to $1.0 billion in the previous year, primarily due to mark-to-market losses on bitcoin investments.

