StockWatch
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Computer Software: Prepackaged Software
Quarterly ResultJul 30, 2026, 04:08 PM

Strategy Q2 Net Loss $8.22B on $8.32B Unrealized BTC Loss; Revenue +6.9%

AI Summary

Strategy Inc. reported a Q2 2026 net loss of $8.22 billion, primarily due to an $8.32 billion unrealized loss on digital assets. Total revenues increased by 6.9% year-over-year to $122.4 million. The company grew its bitcoin holdings by 11% to 846,000 BTC, reduced convertible debt by 18% to $6.7 billion, and increased its USD Reserve to $3.75 billion. Strategy also announced a $1.0 billion STRC repurchase program and repurchased $28.9 million of STRC at a 13% discount.

Key Highlights

  • Q2 2026 Net Loss: $8.22 billion, compared to $10.02 billion net income in Q2 2025.
  • Total Revenues: $122.4 million in Q2 2026, a 6.9% increase year-over-year.
  • Unrealized Loss on Digital Assets: $8.32 billion in Q2 2026, driving the net loss.
  • Bitcoin Holdings: 843,775 BTC as of July 26, 2026, representing 25% growth YTD.
  • Convertible Debt Reduced: By 18% to $6.7 billion, with $1.5B repurchased at 8% discount.
  • USD Reserve: Grew to $3.75 billion, providing over 2.1 years of coverage.
  • STRC Repurchase Program: $1.0 billion authorized; $28.9 million repurchased at 13% discount.
  • ATM Offerings: Raised $8.41 billion in Q2 2026 and $1.28 billion in July 2026.