Strategy Posts $8.2 Billion Loss as Bitcoin Holdings Increase 11% During Q2
The company said an $8.32 billion unrealized markdown on bitcoin holdings drove the quarterly loss as it expanded cash reserves and other financing moves.
- Strategy reported Thursday an $8.2 billion second-quarter net loss as Bitcoin's price decline erased billions from the value of its digital asset holdings.
- Bitcoin's price was more than 40% lower compared to the second quarter of 2025, driving an $8.32 billion unrealized markdown on the company's holdings under fair-value accounting.
- Departing from its long-standing accumulation strategy, Strategy sold about $218.4 million of Bitcoin to fund preferred stock dividends while increasing its USD Reserve to $2.4 billion.
- Strategy CEO Phong Le said the firm repurchased $25 million of STRC shares and reduced convertible debt by 18% to $6.7 billion during the quarter.
- Executive Chairman Michael Saylor said the company remains focused on expanding its "Digital Credit" business, aiming to "evolve our business model and establish Digital Credit as a new asset class.
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Strategy Reports Earnings: What the Bitcoin Bet Looks Like Now
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STRC Recovery Locks Strategy's Next Bitcoin Purchase, CEO Confirms
STRC recovery is now the explicit gating condition for Strategy’s next Bitcoin purchase, CEO Phong Le confirmed in a Bloomberg interview, with the preferred stock trading around $87 against its $100 liquidation preference. ‘We’ll continue to build that. And yeah, when Stretch gets back to par, we’ll issue more. We’ll buy more Bitcoin,’ Le said, using the informal name for STRC. He gave no timeline for that recovery. The context behind that state…
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