# 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.

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

marsbit02/06 02:54

Bullish Reports Massive Q4 Loss; Investors Pivot to $BMIC Presale

Bullish shares tumbled after the company reported a massive Q4 net loss of $563 million, a sharp reversal from its profit a year earlier. This occurred amid a broader tech and crypto market downturn, prompting investors to seek safer, long-term infrastructure plays. Attention has shifted to the $BMIC presale, a quantum-secure wallet project built on Ethereum. BMIC offers post-quantum cryptography to protect against future decryption threats, positioning itself as a defensive solution for asset security. With over $433K raised, the project addresses growing concerns over quantum computing risks. However, it faces execution challenges and market volatility. The article cautions that this is not financial advice and presale investments carry high risk.

bitcoinist02/05 15:34

Bullish Reports Massive Q4 Loss; Investors Pivot to $BMIC Presale

bitcoinist02/05 15:34

Aperture Finance Loses $3.67M in Exploit, Hacker Deposits Funds Through Tornado Cash

Aperture Finance suffered a security breach on January 25, 2026, resulting in a loss of approximately $3.67 million. The exploit targeted specific versions of its smart contracts (V3 and V4), allowing the hacker to steal funds by exploiting vulnerabilities in contract approvals and function calls. The attacker subsequently deposited 1,242.7 ETH (worth around $2.4 million) into Tornado Cash, likely to obscure the transaction trail. In response, Aperture Finance disabled affected web app functions, released a security analysis, and urged users to revoke all related ERC-20 and ERC-721 approvals connected to the compromised addresses.

TheNewsCrypto02/05 15:14

Aperture Finance Loses $3.67M in Exploit, Hacker Deposits Funds Through Tornado Cash

TheNewsCrypto02/05 15:14

Bitcoin prices fall: Will 2026 mirror BTC’s 2022 bear market?

Bitcoin's 2026 market is showing signs of a potential bear market similar to 2022, but with key differences. According to analysis, this post-halving cycle is the weakest on record, with a -6.3% ROI in 2025, starkly underperforming previous cycles. The rise of ETFs has dampened scarcity-led rallies, with institutional outflows capping upside potential. Unlike the 2018 and 2022 bear markets that followed massive rallies, the current 20% price drop is driven by loss realization rather than a post-euphoria correction. On-chain data, including UTXOs in Loss and negative Net Realized Profit/Loss, mirrors stress levels last seen in 2022, reinforcing the view that 2026 could be the softest post-halving bear market yet.

ambcrypto02/05 15:01

Bitcoin prices fall: Will 2026 mirror BTC’s 2022 bear market?

ambcrypto02/05 15:01

Crypto Downturn Slams Galaxy Digital With $241 Million Annual Loss

Galaxy Digital reported a significant annual loss of $241 million, driven by a sharp downturn in crypto markets. The fourth quarter alone saw a net loss of $482 million due to declining digital asset valuations and reduced trading volumes. These results fell well below Wall Street expectations. The company also incurred one-time charges related to mining infrastructure and reorganization. Despite the losses, Galaxy strengthened its liquidity, ending the year with $2.6 billion in cash and stablecoins. It is expanding into data centers and cloud partnerships to create more stable revenue streams. Market reaction was negative, with shares declining as analysts remain divided on the company’s near-term prospects.

bitcoinist02/05 04:02

Crypto Downturn Slams Galaxy Digital With $241 Million Annual Loss

bitcoinist02/05 04:02

Schiff vs. Saylor heats up again: Is Strategy’s Bitcoin bet finally cracking?

The long-running debate between gold advocate Peter Schiff and Bitcoin supporter Michael Saylor has reignited as Bitcoin struggles to gain momentum. Schiff criticized Saylor's company, MicroStrategy, for its massive $54 billion Bitcoin investment, which is sitting on an unrealized loss of about 3% with BTC trading near its average purchase price of $76,000. He dismissed Bitcoin as a risky and unproductive asset, predicting greater losses ahead. However, the community defended Saylor, arguing that judging the investment cycle mid-drawdown is misleading and that current market pressures reflect broader economic conditions rather than a flaw in Bitcoin. Despite recent setbacks, including a $900 million unrealized loss and declining stock price, MicroStrategy remains the world's largest corporate Bitcoin holder with over 713,500 BTC. The debate underscores the polarized views on Bitcoin's role as a long-term inflation hedge versus a speculative risk.

ambcrypto02/05 00:02

Schiff vs. Saylor heats up again: Is Strategy’s Bitcoin bet finally cracking?

ambcrypto02/05 00:02

The Biggest Airdrop for Crypto Enthusiasts Comes from Yuanbao

The article "The Biggest Airdrop for Crypto Enthusiasts is Given by Yuanbao" discusses the recent trend of cryptocurrency traders turning to a Web2 cash reward campaign by Tencent's AI product Yuanbao, following significant market losses in both traditional finance and crypto markets. In early February, global markets experienced sharp declines, with Bitcoin dropping below $75,000 and Ethereum and Solana also seeing substantial losses. This led to widespread liquidations, leaving many crypto investors seeking alternative ways to cope with losses. Yuanbao's cash红包 (red envelope) campaign, offering small but guaranteed cash rewards for simple user interactions, became a popular distraction. The author contrasts this with typical crypto airdrops, which often involve high costs (time, research, opportunity costs, and potential financial losses) and uncertain returns. Examples include Infinex, a decentralized perpetual trading platform, where some users faced significant losses despite long-term participation, and other projects where promised rewards were not delivered. The piece highlights a structural shift in crypto airdrops: from sharing future value with early users to becoming a growth tool for project exits or funding, often resulting in reduced rewards and user frustration. Unlike Web2 campaigns like Yuanbao's, which are backed by reliable cash flow and legal frameworks, crypto airdrops lack certainty and often fail to retain users post-distribution. The conclusion emphasizes that while airdrops can drive user acquisition, long-term retention depends on product-market fit, user experience, and ecosystem integration. The article suggests that Web3 projects should focus on improving post-airdrop strategies to enhance user retention, rather than relying solely on token incentives.

Odaily星球日报02/04 03:56

The Biggest Airdrop for Crypto Enthusiasts Comes from Yuanbao

Odaily星球日报02/04 03:56

62% Of Bitcoin ETF Inflows Underwater As Price Crashes To $76,000

On-chain data reveals that 62% of capital inflows into US Bitcoin spot ETFs are now underwater as Bitcoin's price recently crashed below $76,000. These ETFs, which began trading in early 2024, have experienced significant net outflows over the past two weeks, including two of the largest outflow events in their history. With Bitcoin trading below the average cost basis of these funds, the majority of investors who entered since late 2024 are facing losses. This marks the first major bear phase for ETF holders, as previous declines were relatively minor. Bitcoin has since rebounded slightly to around $77,800.

bitcoinist02/03 07:02

62% Of Bitcoin ETF Inflows Underwater As Price Crashes To $76,000