Strategy Authorizes Up To $5B in Bitcoin Sales Amid Record-Loss Q2
Strategy Inc., formerly known as MicroStrategy, has reported a staggering Q2 2026 net loss of $8.22 billion, driven almost entirely by an unrealized fair value loss on its Bitcoin holdings of $8.32 billion.
The company's shares plummeted approximately 7% in pre-market trading following the earnings release on July 30-31, 2026.
In a surprising move, Strategy has authorized a program to sell up to $5 billion worth of its Bitcoin stash, which currently stands at between 843,775 and 846,000 BTC, roughly 4% of all Bitcoin that will ever exist.