Strategy Posts Q2 Loss Amid Bitcoin Price Decline

Strategy Inc reported a net loss of $24.45 per share for Q2 due to unrealized losses on its digital assets, particularly Bitcoin. The company's operating loss was $8.33 billion, with an unrealized loss of $8.32 billion on its digital holdings. Strategy held approximately 846,000 Bitcoins as of June 30, valued at $54.77 billion based on a price of $64,915 as of July 27.

The company's revenue rose 6.9% year-over-year to $122.4 million, matching analyst estimates. In a statement, Phong Le, President and CEO, said that Strategy 'strengthened its balance sheet while navigating a meaningful Bitcoin price decline.'