Short liquidations and rising open interest may be signs of the bulls’ plan to 
push the Bitcoin price closer to $90,000.

Bitcoin short liquidations push BTC to multi-month highs: Is $90K next?

Strategy, the world’s largest publicly traded Bitcoin (BTC) holder, released 
its first-quarter (Q1) financial results on Tuesday, and the headline number 
was stark: more than $12 billion in losses. Strategy Q1 Financial Snapshot In 
its report, the company said its operating loss for Q1 2026 totaled $14.47 
billion, compared with $5.92 billion in Q1 2025. Strategy also broke out the 
main driver of that operating loss, stating that Q1 2026 operating loss 
included an unrealized loss on the company’s digital assets of $14.46 billion. 
Related Reading: XRP Near $1.40—What Could Spark A Move To $1.70, And How The 
CLARITY Act Fits In Strategy’s net loss for the first quarter of 2026 came in 
at $12.54 billion, or $38.25 per common share on a diluted basis. That 
compared with a net loss of $4.22 billion, or $16.49 per common share on a 
diluted basis, in the prior-year quarter. The company also provided an update 
on liquidity. As of March 31, 2026, Strategy reported cash and cash 
equivalents of $2.21 billion, compared with $2.30 billion as of December 31, 
2025. On the revenue side, Strategy recorded total revenues of $124.3 million 
in Q1 2026, up from $111.1 million in Q1 2025—an increase of 11.9% year over 
year. Bitcoin Numbers Disclosed Strategy also included a Bitcoin performance 
snapshot. Through 2026 year-to-date, the company reported a BTC yield of 9.4%. 
It also reported a BTC dollar gain of $4.97 billion for 2026 year-to-date. As 
of May 3, 2026, Strategy said its digital assets were comprised of 
approximately 818,334 Bitcoin. The company reported an original cost basis and 
market value of $61.81 billion and $64.14 billion, respectively. Related 
Reading: DTCC Tokenized Securities Roadmap: Pilot In July, Scale Up In 
October—With Big Names Like Ripple For Strategy, that translates to an average 
cost per Bitcoin of approximately $75,537 and an average market price per 
Bitcoin of approximately $78,374 as of May 1, 2026. On Tuesday, Strategy&#8217;s 
stock, which trades under the ticker name MSTR, closed the trading session at 
$186, marking a 3% increase for the day, as Bitcoin surpassed the $81,000 
mark. Featured image created with OpenArt, chart from TradingView.com

Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures

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Bitcoin short liquidations push BTC to multi-month highs: Is $90K next?

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