PANews reported on February 7th, citing Caixin, that Strategy, the world's largest corporate Bitcoin holder, reported a $17.4 billion unrealized loss on changes in the fair value of its assets in its Q4 and full-year 2025 financial results, resulting in a net loss of $12.4 billion. While the company holds $2.25 billion in cash reserves, sufficient to cover debt interest and dividends, and currently faces no immediate risk of selling off its holdings, co-founder Michael Saylor, during the earnings call, reiterated his "buy-only" policy, stating that "selling Bitcoin is also an option." One investor commented that "this will undoubtedly further trigger a pre-emptive sell-off in the market."