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Did Saylor’s Bitcoin Wager Fail? Technique’s $17.5 Billion Loss Numbers Stun Neighborhood

January 2, 2026
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Market skilled Andy has drawn consideration to a major loss that Michael Saylor’s Technique took within the final quarter of 2025, primarily as a consequence of its Bitcoin publicity. In the meantime, famend economist Peter Schiff additionally highlighted how the MSTR inventory would have been one of many worst-performing shares if the corporate had been within the S&P 500. 

Michael Saylor’s Technique Posts $17.5 Billion Loss Amid Bitcoin Decline

In an X publish, Andy famous that Saylor’s Technique will report GAAP earnings for a fourth-quarter lack of $17.5 billion in 2025, which ranks as the most important quarterly loss in historical past. This follows Bitcoin’s decline within the fourth quarter, with the main crypto dropping beneath $100,000. This brought about this loss for the corporate, given its BTC publicity. 

Technique’s Bitcoin publicity additionally contributed to the MSTR inventory’s huge decline final 12 months as BTC fell. The inventory recorded a 2025 lack of nearly 50%, dropping to the low $150 from its excessive of round $450. In an X publish, Schiff famous that the inventory’s decline in 2025 would make it the Sixth-worst-performing inventory within the S&P 500 if Saylor’s firm had been within the index. The economist once more criticized Saylor’s Bitcoin mannequin, stating that purchasing BTC was mainly all the corporate did, which he claimed has destroyed shareholder worth. 

Nevertheless, it’s price noting that Technique’s Bitcoin publicity contributed to the corporate’s sturdy Q2 and Q3 earnings final 12 months. In Q2, the corporate recorded $14 billion in GAAP working revenue, whereas it recorded $3.9 billion within the third quarter. Moreover, MSTR inventory has remained one of many best-performing belongings since Saylor and Technique adopted BTC in 2020. The inventory is up over 260% within the final 5 years. 

In the meantime, Schiff acknowledged that the MSTR inventory will probably ship even worse returns in 2026 than in 2025. He believes this could occur due to Bitcoin, which the economist expects to drop extra this 12 months than it did in 2025, placing stress on the MSTR shares within the course of. 

Motive To Nonetheless Be Bullish On Technique and MSTR

Market skilled Adam Livingston acknowledged that he stays bullish on Michael Saylor’s Technique and MSTR inventory as a result of the corporate is hedging towards inflation with Bitcoin somewhat than holding money. Livingston famous that the true danger isn’t the volatility with the MSTR inventory or market motion, however inflation, which continues to erode. 

The skilled additional declared that Bitcoin adjustments the danger equation, because of its shortage, which helps shield firms like Technique and people towards ‘cash printing.’ Apparently, Livingston advised that Saylor’s firm might turn out to be some of the helpful on the planet, because of its BTC publicity. He famous that long-term buying energy is the target, and that is the place he expects the corporate to face out.

Bitcoin
BTC buying and selling at $89,098 on the 1D chart | Supply: BTCUSDT on Tradingview.com

Featured picture from Getty Pictures, chart from Tradingview.com

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