Bitcoin Losses Drag Down Strategy Inc's Q2 Earnings

Strategy Inc reported a net loss of $24.45 per share for Q2 ended June 30, missing earnings expectations due to unrealized losses on its Bitcoin holdings.

The company's revenue rose 6.9% year-over-year to $122.4 million, matching analyst estimates.

Strategy's operating loss was $8.33 billion, including an unrealized loss of $8.32 billion on digital assets.

The company held approximately 846,000 Bitcoins as of June 30, with a market value of $54.77 billion based on a price of $64,915 as of July 27.