Strategy reports $8.32 billion Q2 digital asset loss and sells some bitcoin
Strategy disclosed an $8.32 billion loss on digital assets for the quarter ended June 30, 2026, almost all of it unrealized, and said its bitcoin cost basis exceeded fair value at quarter-end. It also sold bitcoin to fund preferred stock distributions and replenish its USD Reserve, and named CFO Andrew Kang as principal accounting officer after the retirement of its chief accounting officer.
- Q2 2026 loss on digital assets: $8.32 billion, including $8.31 billion unrealized and $0.9 million realized
- Bitcoin sold: 1,363 BTC (June 29-30, $80.8 million) and 2,225 BTC (July 1-5, $135.2 million), with proceeds used for preferred stock distributions and the USD Reserve
- Holdings fell to 843,775 BTC as of July 5, 2026; USD Reserve balance was $2.55 billion
- Andrew Kang designated principal accounting officer effective June 30, 2026, after Jeanine Montgomery retired