Strategy Posts $14.5 Billion Unrealized Loss in First Quarter

Bitcoin accumulator Strategy Inc. registered a roughly $14.5 billion unrealized loss in the first quarter as the value of the Michael Saylor-led company’s cryptocurrency holdings fell.

Bitcoin tumbled more than 20% in the three months, the largest first-quarter drop for the notoriously volatile digital asset since 2018. Strategy held more than $50 billion of cryptocurrency at quarter-end.