Michael Saylor’s company, Strategy Inc., has announced a huge loss of $12.4 billion due to a decline in Bitcoin value. This makes it harder for the firm to afford its large stash of Bitcoins, which have lost value since the last election. The company is struggling with the crisis affecting the digital-asset market, where Bitcoin’s price has dropped below $65,000, causing more problems for Strategy Inc.
Source: https://www.bloomberg.com/news/articles/2026-02-05/michael-saylor-s-crypto-project-pounded-after-12-4-billion-loss