Strategy Posts $12.5B Q1 Loss on $14.5B Bitcoin Mark-Down
The paper loss reflects the GAAP accounting on a 22% larger BTC stack, not a sale — but it lands as Strategy's equity trades far below its bitcoin holdings' market value.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The paper loss reflects the GAAP accounting on a 22% larger BTC stack, not a sale — but it lands as Strategy's equity trades far below its bitcoin holdings' market value.
898 $BTC (≈73.3M) moved from #Binance to unknown wallet.
772 $BTC (≈63M) moved from Coinbase Institutional to unknown wallet.
934 $BTC (≈76.2M) moved from unknown wallet to Coinbase Institutional.
The IPO disclosure is the headline, but the MoneyGram tie-up — folding 500,000 retail cash locations into Kraken's rails — is the structural move that could pull stablecoins into the underbanked…
Self-directed investors are routing around the wealth giant's 16,000-advisor network to buy MSBT, suggesting the retail bid for spot bitcoin exposure now runs wider than any single gatekeeper.
The fragmentation problem is the same one blockchain was supposed to solve — and large corporate clients running thousands of bank accounts are the ones who feel it first.
Issuers at Consensus Miami made the case bluntly: the line between crypto and TradFi is gone, and ETF plumbing is what's doing the erasing — standardizing custody, unlocking Asia, and setting up the…
CME Group has announced it will list Bitcoin volatility futures on June 1, adding a dedicated instrument for trading…
The $12.54B loss is a paper mark on 818,334 BTC, and Saylor kept buying through it — the Q1 print is largely priced in, the earnings call is the real catalyst.
A transfer of 1,113 BTC, valued at approximately $90.7 million at the time of the transaction, has been flagged moving…
639 $BTC (≈52.1M) moved from Coinbase Institutional to unknown wallet.
1.6K $BTC (≈133.6M) moved from unknown wallet to Coinbase Institutional.
CME Group will list Bitcoin volatility futures on June 1, giving traders a dedicated instrument to hedge or express a…
The rally is no longer a single-asset story: spot BTC ETFs absorbed another $500M while equity-side tokenization plays — Bullish, Galaxy, Centrifuge — caught the next leg of institutional bid.
DATs have absorbed a larger float-adjusted share of HYPE than comparable vehicles hold in BTC, ETH, SOL, or BNB — and HYPE is the only one trading at a positive mNAV, which keeps the buy-side…
ARK Invest models a 63% CAGR from roughly $2T today to $16T in five years, with smart-contract platforms layering another $28T on top of a Bitcoin-dominated total.
2.3K $BTC (≈184.6M) moved from unknown wallet to unknown wallet.
641 $BTC (≈52.4M) moved from Coinbase Institutional to unknown wallet.
621 $BTC (≈50.7M) moved from Coinbase Institutional to unknown wallet.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Strategy Posts $12.5B Q1 Loss on $14.5B Bitcoin Mark-Down" — read at /en-US/a/strategy-posts-1254b-net-loss-in-q1-2026-1446b-unrealized.