Key Moments
- Bitcoin traded at $93,576.7, up 1.3%, while still showing a loss of more than 6% for 2025.
- Strategy Inc (NASDAQ:MSTR) reported $17.44 billion in unrealized losses on digital assets in Q4 2025.
- XRP jumped 12% as broader altcoin prices advanced alongside Bitcoin.
Bitcoin Stabilizes as Risk Appetite Improves
Bitcoin held steady on Tuesday, extending gains from the start of 2026 as an improved appetite for risk supported buying in the world’s largest cryptocurrency. However, worries tied to major treasury holders of Bitcoin curbed further upside.
Bitcoin rose 1.3% to $93,576.7 by 00:59 ET (05:59 GMT), though it was still contending with a loss of more than 6% in 2025.
Broader digital asset prices moved higher in line with Bitcoin but continued to underperform other risk-sensitive segments of the market, particularly technology stocks.
Geopolitics and Market Sentiment
Risk sentiment improved as markets looked past the initial shock from a U.S. incursion into Venezuela and the capture of President Nicolas Maduro. Investors were now waiting for further details on Washington’s strategy toward the Latin American nation.
Strategy Inc’s Q4 Unrealized Loss Raises Treasury Concerns
Strategy Inc (NASDAQ:MSTR), described as the world’s largest corporate holder of Bitcoin, disclosed on Monday a sharply higher unrealized loss on its digital asset holdings for the fourth quarter, reflecting the weakening value of its Bitcoin portfolio through 2025.
Michael Saylor’s Strategy reported an unrealized loss of $17.44 billion in the fourth quarter of 2025, largely driven by the decline in Bitcoin, its primary asset. A fully comparable number for the fourth quarter of 2024 was not provided, but Strategy had recorded a net loss of $670.8 million in Q4 2024.
The company implemented new accounting standards last year requiring it to recognize the fair value of its Bitcoin holdings in its earnings. This change has led to pronounced volatility in reported quarterly profits and losses.
Shares of Strategy, often seen as a Bitcoin treasury vehicle, fell nearly 50% in 2025 as investors reassessed the sustainability of its aggressive Bitcoin accumulation approach. Prolonged weakness in Bitcoin’s price, along with Strategy’s exclusion from a key U.S. stock index, further weighed on sentiment toward the stock.
The sharp slide in Strategy’s share price has fueled speculation that the company could eventually be forced to sell some of its Bitcoin to address future debt and shareholder commitments, a development that could introduce significant selling pressure into the Bitcoin market.
| Metric | Period | Value |
|---|---|---|
| Unrealized loss on digital assets | Q4 2025 | $17.44 billion |
| Net loss | Q4 2024 | $670.8 million |
| Share price performance | 2025 | Down nearly 50% |
Altcoins Advance, Led by XRP
Altcoins generally traded in positive territory, with XRP standing out among major tokens.
XRP surged 12%, supported by rising capital inflows into spot exchange-traded funds and a reported drop in available supply on leading exchanges.
Ether, the second-largest cryptocurrency by market value, increased 2% to $3,220.24, while BNB gained 0.6%.
Solana and Cardano also pushed higher, rising 2.5% and 5.5%, respectively.
| Cryptocurrency | Move | Additional Detail |
|---|---|---|
| Bitcoin | +1.3% | Trading at $93,576.7; more than 6% loss in 2025 |
| XRP | +12% | Boosted by higher spot ETF inflows and lower exchange supply |
| Ether | +2% | At $3,220.24 |
| BNB | +0.6% | |
| Solana | +2.5% | |
| Cardano | +5.5% | |
| Dogecoin | +0.4% | Memecoin segment |
| $TRUMP | +2.6% | Memecoin segment |
Bitcoin just keeps quietly moving 🚀 $BTC $93.5k https://t.co/aMWzUF7Dqa pic.twitter.com/Tpkh7tCmdy
— fity.eth (@Fityeth) January 6, 2026
Context for Crypto-Linked Equities
The moves in Bitcoin and altcoins came as traders monitored the outlook for crypto-related stocks. Strategy’s steep unrealized losses and share price weakness underscored the sensitivity of such companies to swings in digital asset valuations.
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