Strategy posts $8.22B Q2 2026 net loss; Bitcoin holdings rise 11% to 843,775 BTC

Strategy (formerly MicroStrategy) released its Q2 2026 results, reporting a net loss of $8.22 billion, reversing a $10.02 billion net profit a year earlier. The swing was largely driven by an $8.32 billion unrealized loss, tied to a year-over-year Bitcoin price drop of more than 40%. Revenue for the quarter came in at $122.4 million, up 6.9% from the prior year, with gross margin at 66.6%. As of July 26, Strategy held 843,775 BTC, an 11% increase over the quarter. Year to date, the company reported a BTC yield of 4.5% and a BTC gain of about 29,997 BTC. The position's book market value was approximately $54.77 billion, with an average acquisition cost of about $75,476 per BTC. Strategy said it cut convertible debt 18% in Q2 to $6.7 billion. USD reserves rose 12% to $2.4 billion, lifting total reserves to roughly $3.75 billion, which the company said is enough to cover preferred dividends and interest payments for about 2.1 years. This year, Strategy has sold around $218.4 million of Bitcoin to fund preferred dividends. It also repurchased 288,930 shares of STRC preferred stock (par value about $28.9 million) at an average discount of about 13.47%. The company noted it has paid dividends for 18 consecutive months without default. CEO Phong Le said that if STRC trades below $100, the company will repurchase shares in a "consistent and disciplined" manner.