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- Cryptocurrency Treasury Strategy (new) — Filing discloses a named Bitcoin treasury/financing strategy. On minimal cash, this non-standard treasury pivot is material.
Strategy Inc reports $8.22B Q2 loss on bitcoin fair-value decline; holds 843,775 BTC
Filed July 30, 2026 · Period ending July 30, 2026 · ~2 min read
Key Changes
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high
Q2 2026 net loss of $8.22B driven by $8.32B unrealized loss on bitcoin holdings as market price declined; compares to $10.02B net income in Q2 2025 when bitcoin appreciated. Loss reflects fair-value accounting, not operational performance.
Exhibit 99.1 view on EDGAR → -
high
Holds 843,775 bitcoins as of July 26, 2026 (largest institutional holder globally), with average cost basis of $75,476 per bitcoin versus current market value of $64,915, reflecting unrealized loss. Holdings grew 25% year-to-date.
Exhibit 99.1 view on EDGAR → -
high
Raised $17.06B in equity capital year-to-date 2026, including $8.41B in Q2 through at-the-market offerings ($5.47B STRC preferred, $2.95B common stock). STRC issuances grew 254% to $7.53B, funding bitcoin purchases.
Exhibit 99.1 view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify