[Strategy May Face Massive Losses in Q4 2025 Due to Decline in Bitcoin Holdings Value] Strategy could record losses amounting to billions of dollars in the fourth quarter of 2025, as the group's approximately $60 billion worth of Bitcoin assets saw a 24% price drop during the quarter, potentially resulting in significant unrealized losses. This may erase the $2.8 billion profit recorded in the previous quarter. The market is concerned that the group may need to sell Bitcoin to address the situation. To alleviate pressure, Strategy established cash reserves by selling common stock on December 1. The group had previously projected its annual operating performance to range between a $7 billion loss and a $9.5 billion profit, assuming Bitcoin trading prices remained in the $85,000 to $110,000 range.