Michael Saylor’s Strategy faces $7 billion stock plunge and $42.93 per-share loss in late 2025

On March 20, 2000, Strategy co-founder Michael Saylor reportedly saw his wealth fall by $6 billion in a single day, and the same company’s shareholders have now absorbed even larger paper losses. By the end of a recent trading day, the stock had fallen about 20% to below $102, wiping out roughly $7 billion in market value as the firm disclosed a diluted earnings loss of $42.93 per share for the final quarter of 2025. For the full 2025 calendar year, Strategy reported a per-share loss of $15.23 alongside deepening operating losses, shrinking software revenues and increased reliance on common stock dilution to raise capital.