Wu Shuo learned that Strategy Inc. announced its financial data for Q4 2025 and the full year. As of February 1, 2026, it held a total of 713,502 BTC, with a total cost of approximately $54.26 billion and an average price of $76,052. The company raised $25.3 billion in 2025, making it the largest stock issuer in the United States that year, and completed five preferred stock IPOs raising $5.5 billion. It also established a USD Reserve of $2.25 billion, which can cover about 2.5 years of dividends and interest expenses. Financially, in Q4 2025, the company recorded an unrealized loss of $17.4 billion due to changes in the fair value of digital assets, with a quarterly net loss of $12.4 billion; as of the end of 2025, cash and cash equivalents were $2.3 billion.