Strategy Announces Second Quarter 2026 Financial Results

Key Points:

• Strategy Inc, the world's largest institutional bitcoin holder, reported 843,775 bitcoins as of July 26, 2026, marking a 25% growth year-to-date and achieving a 4.5% bitcoin yield in 2026.
• The company recorded a net loss of $8.22 billion in Q2 2026, primarily due to an $8.32 billion unrealized loss on digital assets amid a bitcoin price decline, compared to net income of $10.02 billion in Q2 2025.
• Strategy strengthened its financial position by reducing convertible debt by 18% to $6.7 billion, increasing its USD Reserve to $3.75 billion (covering over 2.1 years of dividend and interest obligations), and repurchasing preferred stock at discounts.
• The company raised $17.06 billion through at-the-market equity programs and $7.53 billion via STRC issuances in 2026, while establishing repurchase programs for both STRC and MSTR shares to support trading near par value.
• Strategy continues to innovate with new financial metrics for transparency, aims to stabilize its Digital Credit asset class, and maintains a disciplined approach to capital deployment despite ongoing bitcoin market volatility.