Strategy Inc bitcoin holdings up 44% to 762K BTC; unrealized loss doubles to $14.5B

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 5, 2025 · ~1 min read

Key Changes

• high

  Bitcoin holdings grew 44% to 762,099 BTC vs 528,185 a year ago, but unrealized loss more than doubled to $14.5B from $5.9B as bitcoin price fell 18% to $67,773 at quarter-end.

  MD&A: Digital Assets verify on EDGAR →
• high

  BTC Yield—the key metric for per-share bitcoin accretion—fell to 3.2% from 11.0% a year ago. Management cites larger bitcoin base and lower stock premium to underlying BTC value.

  MD&A: KPIs verify on EDGAR →
• high

  Dividend and interest payments surged 12.7x to $220M from $17M, funded by issuing class A stock. This dilutes shareholders without adding bitcoin to the treasury.

  MD&A: Capital Allocation verify on EDGAR →