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AI brief of an SEC Form 8-K · Strategy Inc Common Stock (MSTR)

Strategy reports $8.32 billion Q2 digital asset loss and sells some bitcoin

Negative Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyStrategy Inc Common Stock (MSTR)
Form8-K, current report
Filed with the SECJul 6, 2026, 8:00 AM ET
Accession number0001193125-26-295586

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.