Investing.com --Strategy Inc (NASDAQ: MSTR) reported a net loss of $24.45 per share for the second quarter ended June 30, compared to earnings of $32.60 per share in the same period last year, as unrealized losses on its bitcoin holdings weighed on results. Revenue rose 6.9% YoY to $122.4 million, matching analyst estimates of $122.4 million.

The company’s operating loss of $8.33 billion for the quarter included an unrealized loss of $8.32 billion on its digital assets, compared to an unrealized gain of $14.05 billion in the second quarter of 2025. Strategy held approximately 846,000 bitcoins as of the end of the quarter, with a market value of $54.77 billion based on a bitcoin price of $64,915 as of July 27. Shares fell 0.76% following the results.

"In the second quarter of 2026, Strategy strengthened its balance sheet while navigating a meaningful bitcoin price decline," said Phong Le, President and Chief Executive Officer. "We grew our bitcoin holdings by 11% to 846,000 bitcoin, reduced our convertible debt by 18% to $6.7 billion, increased our USD Reserve by 12% to $2.4 billion, and grew Bitcoin Per Share by 5%."

The company raised $8.41 billion in gross proceeds during the quarter through its at-the-market offering programs, with $5.47 billion from STRC preferred stock sales and $2.95 billion from MSTR common stock sales. Strategy also repurchased $1.50 billion of its convertible notes due 2029 at an 8% discount to par.

Strategy’s USD Reserve stood at $3.75 billion as of July 26, representing approximately 2.1 years of coverage for preferred dividend payments and interest obligations. The company increased its STRC dividend rate to 12% and established a $1.0 billion repurchase program for its Digital Credit Securities, repurchasing $28.9 million of STRC at a 13% discount to par through July 26.