Strategy Inc. Q2 2026 Net Loss $8.22B on Bitcoin

Strategy Inc., a prominent corporate holder of Bitcoin, reported a net loss of $8.22 billion for the second quarter of 2026, a result driven by a decline in the cryptocurrency's market value. The company, which held approximately 843,775 Bitcoin as of July 26, saw the value of its holdings fall below their acquisition cost, leading to significant unrealized losses.

The loss compares sharply with a net income of $10.02 billion reported for the same period in 2025. An unrealized loss of $8.32 billion on digital assets was the primary driver, resulting in an operating loss of $8.33 billion. This reversed an unrealized gain of $14.05 billion recorded a year earlier. The net loss attributable to common shareholders was $8.62 billion after accounting for preferred dividends, equating to a diluted loss per share of $24.45.

Despite the accounting loss, the company's core software business showed growth, with quarterly revenue rising 6.9% year-over-year to $122.4 million. Gross profit increased to $81.6 million. Strategically, the company emphasized balance sheet improvements. Its Bitcoin holdings grew by 11% during the quarter and are up 25% year-to-date. The average cost per coin is...