Strategy Reports $8.2 Billion Q2 Loss on Bitcoin Price Decline

Strategy ended the quarter holding 843,775 bitcoin, valued at roughly $54.8 billion against a cumulative acquisition cost of $63.7 billion, according to BitKE. Its holdings grew 25% during 2026. The company raised $17.06 billion so far in 2026 through stock offerings and repurchased $1.5 billion of convertible notes at a discount.

Despite the accounting loss, Strategy said it had built a cash reserve of $3.75 billion, which it stated is sufficient to cover more than two years of preferred dividend and interest payments. CoinDesk reported that the company built the reserve after investors questioned its growing stack of preferred securities. Strategy has also started selectively monetizing some of its bitcoin under a new capital management program while pursuing its 'Digital Credit' business and maintaining a $1 billion share repurchase authorization.

Separately, CoinDesk reported that Coinbase shares fell 5% after the company missed second-quarter revenue estimates, posting $1.22 billion in overall revenue, down from $1.5 billion a year earlier.

USDC issuer Circle plans to buy Singapore-based cross-border payments firm Tazapay, gaining local payment rails and regulatory reach across emerging markets.