MicroStrategy Stock Plummets Amid $8.2B Loss and Shift in Strategy
MicroStrategy's stock price dropped by 4.56% after the company reported an $8.2 billion net loss in Q2 2026.
The loss is largely attributed to a shift in strategy from using all funds to buy Bitcoin, with CEO Michael Saylor announcing plans to focus on restoring the STRC preferred stock price to around $100.
To achieve this goal, MicroStrategy repurchased $25 million of STRC shares while selling $544 million of MSTR shares.
Quarterly revenue rose 6.9% to $122.4 million, with analysts maintaining buy ratings but lowering price targets due to market uncertainty.