Strategy Posts $8.2B Net Loss on Bitcoin Impairment, Holds 843K BTC
STRF sits 19% above its 52-week low of $82.5.
Summary
Strategy reported a massive $8.22 billion net loss for Q2 2026, driven by an $8.32 billion unrealized loss on its bitcoin holdings amid a price decline. Revenue rose 6.9% to $122.4 million, but the bottom line swung from a $10 billion profit a year ago. The company now holds 843,775 bitcoin (CEO Phong Le cited 846,000), up 11% from the prior quarter, and has raised $17.06 billion year-to-date through ATM programs. Management emphasized balance sheet strength with a $3.75 billion USD reserve covering over two years of preferred dividends and interest, and introduced new metrics like BTC Hurdle ARR of 10.8%. The preferred stock STRC is targeted to trade at $99-$100, with buybacks planned below that level. This earnings release provides the first detailed look at the impact of bitcoin's Q2 downturn on the company's financials, highlighting both the leverage to crypto prices and the aggressive capital-raising strategy.
At the time of this announcement, STRF was trading at $98.00 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32.7B. The 52-week trading range was $82.50 to $121.53. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.