$8.3 Billion Q2 Loss for Strategy Inc as Bitcoin Sold Below Cost
MSTR sits 16% above its 52-week low of $81.81 on light trading volume (0.2× avg).
Summary
Strategy Inc reported a significant $8.32 billion loss on digital assets for its second quarter, primarily driven by the sale of 3,588 Bitcoin. The company sold $216 million worth of Bitcoin between June 29 and July 5, with average selling prices of $59,256 and $60,773. These sales were significantly below its average acquisition cost of $75,476, contributing to the loss. This move follows a $12.54 billion net loss in Q1 2026 and marks a notable shift from its long-standing Bitcoin accumulation strategy. The company indicated a need for liquidity to fund preferred stock distributions and replenish USD reserves, making this realized loss and change in strategy a material event.
At the time of this announcement, MSTR was trading at $95.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $33.4B. The 52-week trading range was $81.81 to $457.22. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.