Strategy Inc. (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE), recognized as the world’s first Bitcoin Treasury Company, recently released its financial results for Q1 2026, reporting significant changes in its digital asset strategy and corporate performance.
As of May 3, 2026, the company boasts a substantial 818,334 bitcoin holdings, marking a 22% increase year-to-date. It reported achieving a 9.4% BTC yield and has raised a total of $11.68 billion so far in 2026. Notably, the company’s Digital Credit initiative, STRC, has been a key driver of growth, raising $5.58 billion—an impressive 189% increase compared to the previous year. The total dividends declared and paid on all preferred stock have reached $692.5 million since the instrument’s inception.
Phong Le, President and CEO, highlighted a continuing trend of Bitcoin adoption, referencing increased liquidity and reduced volatility in STRC, along with a daily trading volume boosting to $375 million. Major financial institutions such as Morgan Stanley, Goldman Sachs, and Citi are increasingly interested in Bitcoin-related services, including ETFs and lending, further validating the market’s maturation.
Financially, however, the company recorded an operating loss of $14.47 billion for the first quarter of 2026, a significant drop from $5.92 billion in the same period the previous year. This loss includes an unrealized loss on digital assets amounting to $14.46 billion. The net loss attributable to common stockholders rose to $12.77 billion, compared to $4.23 billion in Q1 2025. The company’s cash reserves slightly decreased, totaling $2.21 billion compared to $2.30 billion at the end of 2025. Revenues increased to $124.3 million, a year-over-year growth of 11.9%.
Andrew Kang, CFO, emphasized the fortress-like nature of the company’s Bitcoin balance sheet, which remains robust despite current challenges. He pointed out that STRC has rapidly scaled to $8.5 billion and is the largest preferred stock by market cap worldwide. STRC’s strategic framework aims to yield price stability and foster a broader Digital Credit ecosystem. A significant $150 million is currently held in corporate treasuries while $270 million is within various DeFi protocols.
Michael Saylor, Founder and Executive Chairman, disclosed plans for a potential shareholder vote to increase STRC’s dividend payment frequency to a semi-monthly distribution schedule. This is intended to enhance both liquidity and attractiveness among investors.
Despite growth in digital credit instruments, the company’s figures also reflect substantial challenges in managing its digital assets. The implementation of new accounting standards (ASU 2023-08) now requires the company to measure its Bitcoin at fair value, further complicating its financial outlook.
Strategy Inc. presents a blend of opportunities and risks in its ongoing strategy to leverage Bitcoin and innovate financial solutions. Its shareholder dashboard regularly discloses essential information about its market activities, including real-time data on bitcoin holdings and company metrics.
The company’s upcoming conference call is set to further elucidate its financial results and strategy moving forward, emphasizing its commitment to transparency and investor engagement.
