Odaily星球日报讯 Strategy 可能将披露 2025 年第四季度录得数十亿美元亏损，原因是集团持有的约 600 亿美元比特币资产，比特币在第四季度下跌了 24%，而预料出现巨额账面亏损。如果情况属实，意味着 Strategy 可能由于比特币暴跌，而抹去前一季度录得的 28 亿美元盈利。随着 Strategy 企业价值已濒临跌破其比特币持仓价值的边缘，亦引发市场对集团可能需要出售比特币的担忧。为了缓解这些担忧，Strategy 于 12 月 1 日通过出售普通股建立了现金储备。Strategy 早前预期，全年营运表现将处于亏损 70 亿美元至获利 95 亿美元之间，前提是比特币交易价格在 8.5 万至 11 万美元之间。（Bloomberg）

<p>Odaily星球日报讯 Strategy 可能将披露 2025 年第四季度录得数十亿美元亏损，原因是集团持有的约 600 亿美元比特币资产，比特币在第四季度下跌了 24%，而预料出现巨额账面亏损。如果情况属实，意味着 Strategy 可能由于比特币暴跌，而抹去前一季度录得的 28 亿美元盈利。随着 Strategy 企业价值已濒临跌破其比特币持仓价值的边缘，亦引发市场对集团可能需要出售比特币的担忧。为了缓解这些担忧，Strategy 于 12 月 1 日通过出售普通股建立了现金储备。Strategy 早前预期，全年营运表现将处于亏损 70 亿美元至获利 95 亿美元之间，前提是比特币交易价格在 8.5 万至 11 万美元之间。（Bloomberg）</p>

Strategy或因BTC 2025年Q4跌幅录得数十亿美元亏损，抹去Q3 28美元盈利

Odaily Odaily that Strategy Inc. may disclose a multi-billion dollar loss in the fourth quarter of 2025 due to a 24% drop in Bitcoin holdings, resulting in a significant book loss. If true, this would mean Strategy could wipe out the $2.8 billion profit recorded in the previous quarter due to the Bitcoin crash. With Strategy's corporate value nearing the value of its Bitcoin holdings, concerns have arisen that the group may need to sell its Bitcoin holdings. To alleviate these concerns, Strategy built cash reserves on December 1st by selling common stock. Strategy previously projected a full-year operating performance between a loss of $7 billion and a profit of $9.5 billion, assuming Bitcoin trades between $85,000 and $110,000. (Bloomberg)

<p>Odaily Odaily that Strategy Inc. may disclose a multi-billion dollar loss in the fourth quarter of 2025 due to a 24% drop in Bitcoin holdings, resulting in a significant book loss. If true, this would mean Strategy could wipe out the $2.8 billion profit recorded in the previous quarter due to the Bitcoin crash. With Strategy&#39;s corporate value nearing the value of its Bitcoin holdings, concerns have arisen that the group may need to sell its Bitcoin holdings. To alleviate these concerns, Strategy built cash reserves on December 1st by selling common stock. Strategy previously projected a full-year operating performance between a loss of $7 billion and a profit of $9.5 billion, assuming Bitcoin trades between $85,000 and $110,000. (Bloomberg)</p>

Strategy may record billions of dollars in losses due to the BTC price drop in Q4 2025, wiping out its Q3 profit of $28.

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