# Loss Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Loss", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

Coinbase and Robinhood faced significant challenges in Q4 2025, revealing their continued heavy dependence on cryptocurrency market cycles despite efforts to diversify. Robinhood reported record annual revenue of $4.5 billion and a net profit of $1.9 billion, with strong growth in traditional trading and options. However, its crypto transaction revenue plummeted 38% year-over-year to $221 million, and app trading volume fell 57% in January 2026. Despite its broader financial offerings, the market still views Robinhood as a Bitcoin-dependent asset, causing its stock to drop 50% from recent highs. Coinbase experienced a steeper decline, with revenue falling 21.6% to $1.78 billion and a net loss of $667 million due to crypto asset depreciation. Retail trading volume collapsed to $59 billion, far below institutional volume of $237 billion. While stablecoin revenue and institutional services provided some support, the sharp drop in high-fee retail activity exposed Coinbase’s vulnerability to crypto market downturns. Both companies illustrate the broader industry issue: declining active users and over-reliance on crypto volatility. Their valuations remain tightly correlated to Bitcoin’s performance. Key takeaways include the necessity of stable revenue streams (like interest and stablecoins), excess infrastructure amid shrinking user demand, and the urgent need for sustainable business models beyond pure crypto speculation. Survival in 2026 will depend on financial resilience rather than growth.

比推02/13 05:43

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

比推02/13 05:43

Bitcoin – Is this a good time to enter the market and ‘buy the dip?’

Bitcoin's recent price drop has created market unease, but analysts suggest such periods of fear often present strategic buying opportunities. Current data shows that losses among Bitcoin investors are outweighing profits, with many selling at a loss after purchasing near recent highs. Approximately $2.6 billion in capital has exited the market over the past month, reducing typical dip-buying support. The realized profit-to-loss ratio has also declined, indicating accelerated loss realization. However, historical patterns show that extreme fear in market sentiment—often marked by terms like "crash" and "sell" in online discussions—frequently coincides with short-term price bottoms. Metrics such as MVRV suggest that when most holders are at a loss, selling pressure tends to decrease, potentially setting the stage for a rebound. This implies the current downturn may be closer to a reversal than it appears, presenting a potential entry opportunity for investors.

ambcrypto02/11 07:03

Bitcoin – Is this a good time to enter the market and ‘buy the dip?’

ambcrypto02/11 07:03

Peter Schiff slams Saylor’s Bitcoin bet: ‘$10K over market price’

Michael Saylor's company, MicroStrategy, purchased an additional 1,142 Bitcoin for $90 million in February 2026, at an average price of $78,815 per coin, raising its total holdings to 714,644 BTC. This move occurred amid a significant market downturn, with Bitcoin's price falling to around $69,000. Saylor views the price drop as a long-term buying opportunity. However, prominent Bitcoin critic Peter Schiff strongly criticized the purchase, noting the company paid nearly $10,000 above the market price, increasing its average cost and overall risk. He warned that MicroStrategy's heavy reliance on Bitcoin is risky and could lead to bankruptcy. Despite a short-term stock price increase, the company's shares have fallen over 260% in six months, highlighting the ongoing tension between long-term institutional strategy and short-term market pressures.

ambcrypto02/10 16:02

Peter Schiff slams Saylor’s Bitcoin bet: ‘$10K over market price’

ambcrypto02/10 16:02

Crypto Alert: 2 Victims Lose Over $60M In Address Poisoning Scam

Cryptocurrency users are facing significant losses due to address poisoning scams, where attackers send tiny "dust" transactions from lookalike addresses. When users copy what appears to be a familiar address, they instead send funds to a fraudulent account. In January, one victim lost $12.25 million, following a $50 million loss in December. Additionally, signature phishing is rising sharply, with $6.27 million stolen from 4,741 victims in January—a 207% increase from the previous month. These scams trick users into approving malicious smart contracts. Analysts report approximately 270 million poisoning attempts across Ethereum and Binance Smart Chain, targeting 17 million addresses. Over 6,633 confirmed theft cases have resulted in more than $83.8 million in losses. The Fusaka upgrade on Ethereum, which reduced transaction fees, has made it cheaper for scammers to execute these attacks. Stablecoins like DAI are often used to move illicit funds due to a lack of cooperation with freezing mechanisms.

bitcoinist02/09 11:12

Crypto Alert: 2 Victims Lose Over $60M In Address Poisoning Scam

bitcoinist02/09 11:12

Ethereum supply falls to 2016 levels – Is ETH’s market unstable?

Ethereum's supply on exchanges has dropped to levels last seen in 2016, with only around 16 million ETH available, raising concerns about market instability. This liquidity decline coincides with high-profile losses, such as Trend Research's $750 million loss from unwinding a $2.6 billion leveraged long position. Despite the sell-off, some entities like Bitmine and the Infini exploiter have bought significant amounts of ETH. Currently trading at $2,077, ETH is down 37% from recent highs, with bearish momentum dominating and elevated selling volume. The thin liquidity could lead to aggressive price movements if large flows continue.

ambcrypto02/09 09:02

Ethereum supply falls to 2016 levels – Is ETH’s market unstable?

ambcrypto02/09 09:02

Strategy shrugs off Q4 loss: ‘Bitcoin must hit $8K to force a sale’

Strategy CEO Phong Le dismissed concerns over the firm's $17.4 billion Q4 2025 GAAP loss, stating it does not reflect a true cash loss. He emphasized that the company would only face issues if Bitcoin fell to $8,000 and remained there for an extended period. Le also highlighted a $2.52 billion cash reserve to support operations and dividend payments, countering criticism about leverage and fraud allegations from Bitcoin skeptic Peter Schiff. Despite Bitcoin's decline from $126K to $87K in Q4, treasury firms—including Strategy, which holds 713.5K of the total 813K BTC among peers—did not sell during the downturn. A recent rebound in BTC price led to a 26% surge in MSTR stock, illustrating its amplified exposure to Bitcoin.

ambcrypto02/07 11:02

Strategy shrugs off Q4 loss: ‘Bitcoin must hit $8K to force a sale’

ambcrypto02/07 11:02

Quarterly Loss of $12.4 Billion: Why Can’t It Stop Strategy from Frantically Buying Bitcoin?

MicroStrategy (now Strategy) reported a staggering net loss of $12.4 billion in Q4 2025, primarily due to the adoption of a new fair value accounting standard that required marking its holdings to market amid Bitcoin’s sharp decline to around $65,000. Despite the loss, the company aggressively expanded its Bitcoin position, purchasing an additional 41,002 BTC in January 2026, bringing its total holdings to 713,502 BTC — approximately 3.4% of Bitcoin’s total supply — with an average cost of $76,052 per coin. The firm’s core software business, though profitable with $123 million in Q4 revenue, was overshadowed by its Bitcoin-centric strategy. Strategy raised over $25.3 billion in capital during 2025, leveraging financial instruments to amplify its Bitcoin exposure. It maintains $2.25 billion in cash reserves to cover dividends and interest for 2.5 years. CEO Phong Le acknowledged risks, stating that if Bitcoin fell to $8,000, the company might need to restructure debt rather than sell BTC. The firm’s "Bitcoin flywheel" model relies on continuous capital raising and BTC appreciation, but compressed mNAV (1.07) and high-yield preferred shares (STRC, 11.25% dividend) reflect market skepticism. A prolonged downturn could trigger a negative feedback loop: falling BTC value → reduced ability to raise capital → potential forced BTC sales. Executive Chairman Michael Saylor emphasized long-term optimism, citing supportive U.S. policy and institutional adoption, while downplaying quantum computing risks as a decade away. Strategy remains a high-risk, high-reward bet on Bitcoin’s future.

比推02/06 14:44

Quarterly Loss of $12.4 Billion: Why Can’t It Stop Strategy from Frantically Buying Bitcoin?

比推02/06 14:44

Saylor’s Strategy reports $17.4B loss in Q4 2025 after MSTR’s 80% fall

Michael Saylor's firm, MicroStrategy, reported a massive $17.4 billion operating loss in Q4 2025, primarily as an unrealized loss on its substantial Bitcoin holdings. The company holds 713,502 BTC, purchased at an average price of $76,000, which have declined in value amid a broader crypto market downturn. This caused the value of its stash to drop by $8 billion to $46.2 billion. Consequently, the company's stock, MSTR, plummeted 80% in value from its 2025 peak, falling back to its 2024 price range of $100-$180. This decline has reportedly resulted in significant paper losses for several U.S. pension funds that invested in the stock.

ambcrypto02/06 10:24

Saylor’s Strategy reports $17.4B loss in Q4 2025 after MSTR’s 80% fall

ambcrypto02/06 10:24

Strategy Now Holds 713,502 Bitcoin — Is MSTR Too Big To Fail as BTC Price Slides

Strategy, formerly MicroStrategy, reported significant losses in its Q4 2025 earnings, with an operating loss of $17.4 billion and a net loss of $12.6 billion, largely due to its massive Bitcoin holdings. The company holds 713,502 BTC, purchased at an average price of $76,052 per Bitcoin. With Bitcoin's price decline, the company faces billions in unrealized losses. Despite this, Strategy continues to buy more Bitcoin and shows no intention of selling. Public pension funds, which invested in MSTR as a Bitcoin proxy, are also facing mounting losses, raising concerns about fiduciary risks. The stock fell sharply after the report.

ccn.com02/06 08:02

Strategy Now Holds 713,502 Bitcoin — Is MSTR Too Big To Fail as BTC Price Slides

ccn.com02/06 08:02

Strategy's 'Death Spiral': Bitcoin Falls Below Cost Line, Hundred-Billion Leverage Empire Faces Liquidation

Amid Bitcoin's sharp decline below the critical $63,000 support level, MicroStrategy (MSTR) faces severe financial strain. The company reported a Q4 net loss of $12.4 billion, driven by a $17.4 billion unrealized loss from its Bitcoin holdings, now valued at $46 billion with an average cost of $76,052 per Bitcoin—marking the first time its holdings have fallen below cost basis. CEO Michael Saylor acknowledged that selling Bitcoin is an option, despite publicly advocating "HODL." The firm’s highly leveraged strategy, funded through convertible debt, is under pressure as its stock price has dropped nearly 80% from its 2024 peak. With $8.2 billion in convertible debt maturing between 2027–2028, concerns over liquidity and potential default are rising. If Bitcoin falls 90%, Saylor admitted the company may need debt restructuring. While Saylor remains optimistic about regulatory support and dismisses quantum computing risks, critics like Michael Burry warn of a potential "death spiral" for leveraged Bitcoin holders. The company expects no profits in the near future.

marsbit02/06 02:54

Strategy's 'Death Spiral': Bitcoin Falls Below Cost Line, Hundred-Billion Leverage Empire Faces Liquidation