Strategy Inc.'s $8 Billion Loss Can't Distract from Bitcoin's Dominance

Strategy Inc. (Nasdaq: MSTR) reported an $8.22 billion net loss for the second quarter, but investors remain fixated on Bitcoin's performance.

The company managed 843,775 BTC as of July 26, citing quarterly growth, and executives rounded up to 846,000 BTC. The coins have a cost basis of $63.69 billion and a market value of $54.77 billion at Bitcoin's price of $64,915 on July 27.

Strategy's average cost per coin was about $75,476. Holdings grew 11% during the quarter, while Bitcoin Per Share rose 5%. Year-to-date BTC Yield reached 4.5%, BTC Gain totaled 29,997 coins, and BTC Dollar Gain reached $1.95 billion.

Strategy posted an operating loss of $8.33 billion, largely due to a digital-asset loss of $8.32 billion. The company's revenue climbed 6.9% to $122.4 million from $114.5 million, while gross profit increased to $81.6 million from $78.7 million.

Strategy also repurchased 288,930 STRC shares carrying $28.89 million in stated value for about $25 million, and has roughly $975 million remaining under its $1 billion Digital Credit buyback program. The company plans to make continuous buybacks below $100, with the magnitude determined by price and liquidity.