Strategy Posts $14.46B Unrealized Bitcoin Loss in Q1 2026; Tax Effects Provide Partial Offset

Strategy disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission that it recorded about $14.46 billion in unrealized losses on its Bitcoin holdings in the first quarter of 2026, according to market sources cited by ChainCatcher. Tax-related effects generated roughly $2.42 billion in deferred tax assets, partially offsetting the book loss. The company continued adding to its Bitcoin position in early April despite the paper losses. Purchases were funded mainly through its at-the-market (ATM) equity offering program, part of its "42/42" financing plan to raise $84 billion by 2027 to support ongoing Bitcoin accumulation.