Strategy Posts $8.3B Q2 Loss as Bitcoin Slides Below $64K, Holdings Grow to 843K BTC
MSTR is trading near its 52-week low of $81.81 (11% above the low) on light trading volume (0.2× avg).
Summary
Strategy reported an $8.33B operating loss for Q2 2026, driven by an $8.32B unrealized loss on its Bitcoin holdings as BTC fell below $64K. Net loss hit $8.22B, or $24.45 per share, a sharp reversal from $10.02B in net income a year ago. Despite the paper loss, the company expanded its Bitcoin treasury by 11% to 843,775 BTC at an average cost of $75,476, while reducing convertible debt and boosting USD reserves. The software business grew revenue 6.9% to $122.4M with a 66.6% gross margin, but the Bitcoin volatility dominates the financial picture. This follows the Q1 10-Q showing a $12.54B net loss and the recent 8-K disclosing a $216M Bitcoin sale at a loss. The continued accumulation amid price declines underscores management's conviction, but the massive unrealized losses and reliance on ATM equity sales to fund purchases raise liquidity and dilution concerns. With Bitcoin trading near $63,600 and below key moving averages, further price weakness could pressure Strategy's balance sheet and stock price.
At the time of this announcement, MSTR was trading at $91.18 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32B. The 52-week trading range was $81.81 to $414.36. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Brave New Coin.