#Strategy二季度亏损82亿美元 Strategy reported a loss of $8.2 billion in Q2 2026, with little stock price movement
Strategy released its Q2 2026 financial report: a loss of $8.2 billion, creating a sharp contrast with the $10 billion net profit in the same period of 2025. The loss comes almost entirely from unrealized book losses on its Bitcoin holdings.
This quarter, the Bitcoin price was down more than 40% year over year, but Strategy increased its holdings by 11%, reaching a peak of 846k BTC at one point, before starting to sell part of its assets. Through 2026 to date, Strategy has broken the legend of only buying and not selling: it has sold about $218 million worth of Bitcoin to pay preferred stock dividends. Financial adjustments: convertible debt down 18% to $6.7 billion; cash reserves up 12% to $2.4 billion. Current U.S. cash reserves are $3.75 billion, enough to cover approximately two years of preferred dividends. Share repurchases: repurchased 2.8893 million shares of STRC stock for $25 million.
Strategic shift: it has paused buying Bitcoin for five consecutive weeks, prioritizing building U.S. dollar cash reserves.
In late June, it adopted a formal digital credit capital framework, including establishing a minimum U.S. dollar reserve to cover 12 months of preferred dividend and interest obligations, with a valuation of about $1.76 billion at the time. It also authorized a Bitcoin monetization plan, allowing the sale of up to $1.25 billion worth of Bitcoin, specifically to build or replenish U.S. dollar reserves, or to fund dividends when it is more advantageous than issuing MSTR common stock.
CEO Phong Le said: “The goal is for STRC to trade at $99 to $100 for some time. If it falls below $100, we plan to repurchase in a regular, disciplined way.”
Strategy released its Q2 2026 financial report: a loss of $8.2 billion, creating a sharp contrast with the $10 billion net profit in the same period of 2025. The loss comes almost entirely from unrealized book losses on its Bitcoin holdings.
This quarter, the Bitcoin price was down more than 40% year over year, but Strategy increased its holdings by 11%, reaching a peak of 846k BTC at one point, before starting to sell part of its assets. Through 2026 to date, Strategy has broken the legend of only buying and not selling: it has sold about $218 million worth of Bitcoin to pay preferred stock dividends. Financial adjustments: convertible debt down 18% to $6.7 billion; cash reserves up 12% to $2.4 billion. Current U.S. cash reserves are $3.75 billion, enough to cover approximately two years of preferred dividends. Share repurchases: repurchased 2.8893 million shares of STRC stock for $25 million.
Strategic shift: it has paused buying Bitcoin for five consecutive weeks, prioritizing building U.S. dollar cash reserves.
In late June, it adopted a formal digital credit capital framework, including establishing a minimum U.S. dollar reserve to cover 12 months of preferred dividend and interest obligations, with a valuation of about $1.76 billion at the time. It also authorized a Bitcoin monetization plan, allowing the sale of up to $1.25 billion worth of Bitcoin, specifically to build or replenish U.S. dollar reserves, or to fund dividends when it is more advantageous than issuing MSTR common stock.
CEO Phong Le said: “The goal is for STRC to trade at $99 to $100 for some time. If it falls below $100, we plan to repurchase in a regular, disciplined way.”
