Strategy Inc Reports Second Quarter Loss as Bitcoin Prices Decline
Strategy Inc reported a net loss of $8.22 billion for the second quarter of 2026, primarily driven by an $8.32 billion unrealized loss on its bitcoin holdings. The company, the world's largest institutional holder of bitcoin, saw its revenue reach $122.4 million, slightly missing analyst estimates of $122.9 million. To navigate the price decline, CEO Phong Le announced plans to sell up to $5 billion of the company's bitcoin to build cash reserves and fund potential stock repurchases. Despite the quarterly loss, the company grew its bitcoin holdings by 11% to 846,000 bitcoin and reduced its convertible debt by 18% to $6.7 billion. Founder and Executive Chairman Michael Saylor stated that the company is evolving its business model to establish digital credit as a new asset class. The company also built its USD reserve to $3.75 billion, which is sufficient to cover preferred dividends and interest obligations for more than two years.