Friday, February 6, 2026 at 12:30 AM
Michael Saylor's company, Strategy, has reported a significant quarterly loss of $12.4 billion due to a selloff in Bitcoin, marking a prolonged decline in its stock performance amid a broader downturn in the cryptocurrency market.
Bitcoin fell below $76,000 on Saturday, saddling Michael Saylor’s Strategy with paper losses on its token purchases.
The biggest U.S. crypto exchange reported a 22% drop in revenue for the fourth quarter, when prices of bitcoin and other digital assets fell sharply.
Some of crypto’s biggest champions can’t put their finger on what went wrong.
Futures pointed to another day of losses for U.S. stocks as fears over the scale of artificial-intelligence spending weighed on sentiment.
