Strategy Suffers $8.2B Q2 Loss as Bitcoin Price Falls 14%

Strategy reported a significant net loss of $8.22 billion for the second quarter of 2026, largely due to an $8.32 billion unrealized loss on its Bitcoin holdings. This loss was triggered by a 14% decline in the price of BTC during the period, from around $68,000 at the start of April to approximately $58,600 by the end of June.

Despite this price drop, Strategy continued to add to its BTC holdings, which rose 25% over the quarter. The company sold a portion of its Bitcoin under a newly established BTC monetization program, generating around $218.4 million in revenue, with approximately $216 million of those sales occurring in early July.

Strategy has built a substantial cash reserve of $3.75 billion to cover preferred dividend payments and interest obligations. This reserve is sufficient to fund more than two years' worth of these expenses.