Strategy Reports $670.8M Net Loss in Q4 After Buying 218,887 More Bitcoin

Bitcoin stacking firm Strategy — which has just rebranded from MicroStrategy — reported a net loss of $670.8 million for the fourth quarter

Bitcoin maximalist firm Strategy — formerly known as MicroStrategy — has reported a net loss of $670.8 million for the fourth quarter as the firm stacked an additional 218,887 BTC.

On Feb. 5, Strategy reported $120.7 million in revenue in the fourth quarter, which marks a 3% year-on-year decline and fell short of analysts’ estimates by about $2 million.

The firm’s expenses for Q4 rose nearly 700% year-on-year to reach $1.1 billion as it began executing its “21/21 Plan” — targeting $42 billion in capital over the next three years, split between equity and fixed-income securities — to buy more Bitcoin.

According to Strategy, it has already completed $20 billion of that $42 billion capital plan, largely fueling its Bitcoin buying spree through senior convertible notes and debt.

Strategy CEO and president Phong Le said the firm is already “significantly ahead” of its initial timeline and is “well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan.”

The company’s BTC holdings now stand at 471,107,collectively valued at more than $45 billion, making it the largest of any corporation in the world.

Key Bitcoin metrics are displayed on Strategy’s new website. Source: Strategy

As part of its rebranding, Strategy has introduced several key Bitcoin metrics, including BTC Yield, BTC Gain and BTC $ Gain, to better reflect the health of its balance sheet and Bitcoin purchasing strategy.

Strategy’s “BTC Yield” — a KPI representing the percentage change ratio between its Bitcoin and its Assumed Diluted Shares Outstanding — reached 74.3% in 2024, but the firm is lowering its target to 15% for 2025.

The firm also introduced the annual “BTC Gain” and “BTC $ Gain” metrics to better reflect the health of Strategy’s balance sheet.

BTC Gain represents the number of Bitcoin that it holds at the beginning of a period multiplied by the BTC Yield for such period, while BTC $ Gain represents the dollar value of the BTC Gain.

Strategy’s key Bitcoin performance indicators. Source: StrategyRelated: MicroStrategy halted Bitcoin purchases, says it will hodl $30B BTC

On Feb. 5, Strategy officially completed its rebranding from MicroStrategy — which had been the firm’s name since it was founded as a business intelligence firm in November 1989 by executive chairman Michael Saylor.

Saylor has been the orchestrator behind the company’s Bitcoin investment strategy.

The firm added the “₿” Bitcoin logo next to its new name to reflect its commitment to corporate Bitcoin adoption. Strategy will continue to offer business intelligence services.

According to Google Finance, Strategy (MSTR) fell 3.3% during the Feb. 5 trading day to reach $336.70 and has dropped another 0.72% in after-hours.

Magazine: ‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express

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