Overview
- Strategy reported an $8.22 billion net loss in its July 30 quarter that was driven almost entirely by an $8.32 billion unrealized fair‑value markdown on its Bitcoin holdings.
- The firm still holds roughly 843,775 BTC bought at an average cost near $75,476 per coin and disclosed about $218.4 million of Bitcoin sales so far in 2026 to help fund dividend and interest payments.
- Management authorized a BTC Monetization Program reported up to $5 billion in potential sales and said it will pause routine Bitcoin buys while its STRC preferred shares trade below $100 par.
- To bolster liquidity the company raised large sums through at‑the‑market equity and preferred offerings, grew its U.S. dollar reserve to about $3.75 billion, and repurchased roughly $1.5 billion of convertible notes to cut outstanding debt to $6.71 billion.
- Analysts generally kept constructive ratings but lowered some targets and warned that sizable Strategy sales could pressure Bitcoin liquidity while the company works to restore STRC parity and preserve long‑term exposure to the asset.