Strategy Stock Tanks After $8.22B Quarterly Loss, Puts Bitcoin Buys on Hold

Strategy's stock price plummeted by 4.56% to $93.28 on July 31 after reporting an $8.22 billion quarterly loss.

The company's unrealized Bitcoin loss of $8.32 billion led to a net loss of $24.45 per share during the quarter.

Strategy held 843,775 BTC at the end of the period, representing a 25% increase from the start of the year and acquired for approximately $63.69 billion at an average price of $75,476 per coin.