Crypto stocks 2025 – the losers
Last Updated on 27 December 2025 by CryptoTips.eu
Yesterday we discussed Bitcoin (and crypto)-related stocks that had a very good 2025, today we’ll discuss the investments that lost money in recent months. Do you think any of these three are good “buy the dip” investments for 2026? Invest at your own risk as always.
Strategy – lost 45% in 2025
During every Bitcoin bear market (the downward price trend that follows the end of a bull market), a major crypto company collapses. At the end of the 2017-2018 Bitcoin bull run, it was the many Japanese ICOs that had put themselves in the spotlight; at the end of the 2020-2021 bull run, it was FTX, the major crypto platform owned by Sam Bankman-Fried (who is currently serving a prison sentence). Judging by the number of articles in the business press in recent months, it seems increasingly likely that financial journalists are hoping this time round it will be Michael Saylor’s Strategy (formerly MicroStrategy).
Strategy, the largest Bitcoin holding among companies, saw its share price fall by 45% in 2025.
Twenty One – lost 18% in 2025
Jack Mallers, CEO of Twenty One, is most famous amidst MAGA world enthusiasts, otherwise known as President Donald Trump’s fans. When he launched his new company with the intention of copying MicroStrategy’s business plan, Wall Street invested billions of dollars. About a year later, Twenty One has acquired 43,500 Bitcoins, but its stock is already down about 18%.
Mara Holdings – lost 27% in 2025
Bitcoin mining companies had mostly a tough 2025. The price of the largest digital currency hovered around $100,000 for most of the year, so you’d think many of them would be profitable. But because the industry assumed the price would only go up, they had made enormous investments, and the loans needed repayment, which crunched their profit margins.
Mara Holdings, arguably the largest Bitcoin mining company in the world, was in the same boat and hesitated all year about leasing out part of its operations as data centers to AI companies. The result was a 27% drop of their stock price.
