Strategy's Q2 Revenue Misses Estimates Amid Record Bitcoin Holdings

Strategy reported its Q2 results, which included quarterly revenue of $122.39 million, narrowly missing the consensus estimate of $122.91 million.

The company currently holds over 843,000 Bitcoin, making it the largest institutional holder in the world.

In a statement, Strategy's founder and executive chairman Michael Saylor said that despite muted sentiment and market skepticism, they continue to evolve their business model and establish Digital Credit as a new asset class.

Saylor also mentioned that their plan is to return STRC (Strategy's Variable Rate Perpetual Stretch Preferred Shares, Series A) to health with stable demand, high liquidity, and low volatility trading near par.