Stategy’s $21B Bitcoin Quarter Beat Meta Yet 2026 Is Still in the Red

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Strategy’s Bitcoin holdings generated roughly $21 billion in first-quarter gains, exceeding Meta’s reported profit for the period, but the company remains in the red for 2026 so far. The contrast reflects how sharply Bitcoin mark-to-market results can swing Strategy’s reported earnings. Its performance remains closely tied to Bitcoin’s price, underscoring both the upside and volatility of its leveraged corporate treasury strategy.

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