Strategy Suffers $8.2 Billion Q2 Loss Amid Bitcoin Price Slump

Strategy, the company behind the MSTR ticker, reported an $8.22 billion net loss in Q2, driven primarily by an unrealized loss on its BTC holdings.

The company held 843,775 BTC as of July 26, a 25% increase from the start of the year.

Strategy's Bitcoin price declined around 14% during the second quarter, falling from $68,000 at the beginning of April to about $58,600 by the end of June.

The company has also built a $3.75 billion U.S. dollar reserve, enough to cover more than two years of preferred dividend payments and interest obligations.