Strategy posts $14.46B in Q1 unrealized Bitcoin losses; tax effects cushion part of the hit

Strategy disclosed in an 8-K filed with the U.S. Securities and Exchange Commission that, as of April 7 (UTC+8), it recorded about $14.46 billion in unrealized losses on its Bitcoin holdings for the first quarter of 2026. The company also reported roughly $2.42 billion in deferred tax assets tied to these tax effects, offsetting part of the accounting loss. Strategy continued adding to its Bitcoin position in early April, funding purchases mainly through its ATM (at-the-market) equity offering program. The ATM program is part of the firm's "42/42" financing plan, which targets raising $84 billion by 2027 to support ongoing Bitcoin accumulation. (Source: ChainCatcher)