Strategy Considers Selling Up to $5 Billion of Bitcoin Amid Loss

Strategy's Q2 loss hit $8.22 billion due to an $8.32 billion fair-value decline in its Bitcoin holdings, which currently stand at 843,775 BTC acquired at an average cost of $75,476 each.

The company's stock slipped after the results, falling 4.56% as investors reviewed the new capital plan. Michael Saylor pointed to an 18% reduction in convertible debt and a 12% increase in USD reserves.

Strategy's capital management framework could allow up to about $5 billion in Bitcoin monetization, which would support reserves, preferred dividends, interest payments, and buybacks.