Strategy Inc. (MSTR) reported acquiring 1,286 bitcoins in late December 2025 and early January 2026, bringing its total holdings to 673,783 bitcoins valued at $50.55 billion as of January 4, 2026.
The company purchased 3 bitcoins for $0.3 million between December 29 and December 31, 2025, at an average price of $88,210. From January 1 to January 4, 2026, Strategy purchased 1,283 bitcoins for $116.0 million at an average price of $90,391.
Strategy financed the bitcoin purchases with proceeds from its IPO. The Company sold 1,255,911 Class A shares between December 29 and December 31, 2025, generating net proceeds of $195.9 million. An additional 735,000 shares were sold between January 1 and January 4, 2026, generating net proceeds of $116.3 million.
The Company reported significant unrealized losses on its digital assets for 2025. For the full year, Strategy recorded an unrealized loss of $5.40 billion on its digital assets, with a corresponding deferred tax benefit of $1.55 billion. In the fourth quarter alone, the unrealized loss was $17.44 billion, with a deferred tax benefit of $5.01 billion.
As of December 31, 2025, Strategy's digital assets had a carrying value of $58.85 billion, with a corresponding deferred tax liability of $2.42 billion. The company maintains a U.S. dollar reserve of $2.25 billion as of January 4, 2026, to provide for preferred dividends and interest on outstanding debt.
Strategy has approximately $41.5 billion available for future issuance under various public offering programs, including $11.4 billion for the sale of common shares.