Did Saylor’s Bitcoin Bet Fail? Strategy’s $17.5 Billion Loss Numbers Stun Community

Market professional Andy has drawn consideration to a major loss that Michael Saylor’s Strategy took within the final quarter of 2025, primarily as a consequence of its Bitcoin publicity. Meanwhile, famend economist Peter Schiff additionally highlighted how the MSTR inventory would have been one of many worst-performing shares if the corporate have been within the S&P 500. 

Michael Saylor’s Strategy Posts $17.5 Billion Loss Amid Bitcoin Decline

In an X post, Andy famous that Saylor’s Strategy will report GAAP earnings for a fourth-quarter lack of $17.5 billion in 2025, which ranks as the biggest quarterly loss in historical past. This follows Bitcoin’s decline within the fourth quarter, with the main crypto dropping under $100,000. This brought about this loss for the corporate, given its BTC publicity. 

Strategy’s Bitcoin publicity additionally contributed to the MSTR stock’s large decline final yr as BTC fell. The inventory recorded a 2025 lack of virtually 50%, dropping to the low $150 from its high of round $450. In an X post, Schiff famous that the inventory’s decline in 2025 would make it the Sixth-worst-performing inventory within the S&P 500 if Saylor’s firm have been within the index. The economist once more criticized Saylor’s Bitcoin mannequin, stating that purchasing BTC was principally all the corporate did, which he claimed has destroyed shareholder worth. 

However, it’s value noting that Strategy’s Bitcoin publicity contributed to the corporate’s sturdy Q2 and Q3 earnings final yr. In Q2, the corporate recorded $14 billion in GAAP working earnings, whereas it recorded $3.9 billion within the third quarter. Furthermore, MSTR inventory has remained one of many best-performing belongings since Saylor and Strategy adopted BTC in 2020. The inventory is up over 260% within the final 5 years. 

Meanwhile, Schiff stated that the MSTR inventory will doubtless ship even worse returns in 2026 than in 2025. He believes this might occur due to Bitcoin, which the economist expects to drop extra this yr than it did in 2025, placing stress on the MSTR shares within the course of. 

Reason To Still Be Bullish On Strategy and MSTR

Market professional Adam Livingston stated that he stays bullish on Michael Saylor’s Strategy and MSTR inventory as a result of the corporate is hedging in opposition to inflation with Bitcoin reasonably than holding money. Livingston famous that the actual danger isn’t the volatility with the MSTR stock or market motion, however inflation, which continues to erode. 

The professional additional declared that Bitcoin modifications the danger equation, due to its shortage, which helps shield corporations like Strategy and people in opposition to ‘cash printing.’ Interestingly, Livingston urged that Saylor’s firm might develop into one of the crucial useful on the planet, due to its BTC exposure. He famous that long-term buying energy is the target, and that is the place he expects the corporate to face out.