Strategy Q2 loss of 8.2 billion USD, Bitcoin holdings increased by 11% to 846,000 coins

Strategy (formerly MicroStrategy) announced its Q2 2026 financial report, showing a net loss of $8.22 billion, a significant turnaround from a net profit of $10.02 billion last year, primarily due to an unrealized loss of $8.32 billion caused by a more than 40% year-on-year drop in Bitcoin prices. Q2 revenue was $122.4 million, a year-on-year increase of 6.9%, with a gross margin of 66.6%. As of July 26, the company held 843,775 Bitcoins, with a quarterly increase of 11%, achieving a BTC yield of 4.5% year-to-date, and a BTC gain of approximately 29,997 Bitcoins, with a book market value of about $54.77 billion and an average holding cost of about $75,476 per Bitcoin.

The company stated that it reduced the scale of convertible bonds by 18% to $6.7 billion, and increased its dollar reserves by 12% to $2.4 billion, with total reserves currently around $3.75 billion, sufficient to cover preferred stock dividends and interest expenses for approximately 2.1 years. This year, the company has sold about $218.4 million in Bitcoin for preferred stock dividend payments and has repurchased 288,930 shares of STRC preferred stock (approximately $28.9 million face value) at a discount of about 13.47%. The company has paid dividends for 18 consecutive months without default. CEO Phong Le stated that if STRC falls below $100, they will "continue to buy back in a disciplined manner."