Crypto Currents: Strategy, Galaxy Digital report Q4 earnings results

As bitcoin, ethereum and different cryptocurrencies spot large legal, institutional, and technological developments, the fiscal scenery continues to adapt. Stay up connected the crypto quality that matters with the “Crypto Currents” play from The Fly. Also, articulation america for your indispensable regular recap, each time astatine 2 PM ET connected FlyCast radio.

• Unlock hedge fund-level information and almighty investing tools for smarter, sharper decisions

• Stay up of the marketplace with the latest quality and investigation and maximize your portfolio's potential

CRYPTO EARNINGS: On Thursday, Strategy (MSTR) reported a 4th fourth nonaccomplishment per stock of ($42.93) connected gross of $123M, which compared to a nonaccomplishment per stock of ($3.03) for the aforesaid play past twelvemonth and expert gross statement of $118.5M. As of December 31, the institution had currency and currency equivalents of $2.3B, arsenic compared to $38.1M arsenic of December 31, 2024.

“We raised $25.3B of superior successful 2025 to beforehand our Bitcoin treasury strategy, making america the largest equity issuer among U.S. nationalist companies for a 2nd consecutive year. We accrued our holdings to 713,502 bitcoins, including 41,002 bitcoins acquired successful January 2026 alone. STRC, our flagship Digital Credit instrument, has grown to $3.4B successful size, supported by expanding liquidity and declining volatility. Our adaptable dividend complaint mechanics for STRC, presently acceptable astatine 11.25%, has helped support STRC terms stableness adjacent the $100 stated magnitude contempt a weaker bitcoin terms environment. In 2026, we stay focused connected expanding STRC to make amplification and thrust maturation successful Bitcoin Per Share for MSTR communal banal investors,” said Phong Le, CEO

Additionally connected Monday, Strategy announced an update connected its bitcoin holdings. The institution reported acquiring 855 bitcoin for astir $75.3B astatine an mean acquisition terms of $87,974 betwixt January 26 and February 1. As of February 1, Strategy holds 713,502 bitcoin acquired for an aggregate acquisition terms of astir $54.26B.

Following earnings, BTIG lowered the firm’s terms people connected Strategy to $250 from $630 and kept a Buy standing connected the shares. The company’s Q4 net telephone was overshadowed by bitcoin prices that traded disconnected 8% successful the hours starring up to the call, the expert said. BTIG reminds investors that Strategy’s convertible indebtedness is “extremely over-collateralized” and is covered adjacent if bitcoin prices drew down 80%. Further, the institution has 30 months of USD reserves to screen preferred equity dividend payments, added the firm. It cited the caller bitcoin volatility for the people cut.