Charles Schwab Raises MicroStrategy Stake to 1.27M Shares ($168M)
Charles Schwab added 91,859 MicroStrategy shares, boosting its total stake to 1.27 million shares valued at about $168 million. MicroStrategy faces significant volatility after reporting $5.40 billion in unrealized digital-asset losses for 2025 and an 18.6% year-to-date stock decline.
1. Schwab's Position Boost
Charles Schwab purchased an additional 91,859 MicroStrategy shares, raising its total holding to approximately 1.27 million shares valued near $168 million. This move underscores Schwab’s growing exposure to MicroStrategy’s bitcoin-centric strategy.
2. MicroStrategy Asset Volatility
For the year ended December 31, 2025, MicroStrategy reported $5.40 billion in unrealized losses on digital assets, partly offset by a $1.55 billion deferred tax benefit. In Q4 alone it posted $17.44 billion in losses and carries a $2.42 billion deferred tax liability.
3. Market Response and Premium Valuation
MicroStrategy shares have declined 18.6% year-to-date and 64.8% over six months, reflecting investor concern over volatility. The company’s stock trades at a 1.19 mNAV premium, indicating a 19% premium to its bitcoin reserve value and drawing nuanced institutional bets like put options.