Strategy halts bitcoin purchases after an $8.22 billion net loss in the second quarter of 2026

Strategy, one of the largest corporate holders of bitcoin, reported a net loss of $8.22 billion for the second quarter of 2026. Following the report, the company's shares fell 4.56 percent to $93.28. The news was reported on Saturday 1 August 2026.

Most of the loss came from an $8.32 billion non operating writedown on its bitcoin holdings under fair value accounting rules. By the end of the period Strategy held 843,775 bitcoin bought at an average price of $75,476, with a current value estimated at about $54.77 billion.

Michael Saylor, the company's executive chairman, said on the earnings call that Strategy would step back from allocating all available cash to immediate bitcoin purchases and would instead keep a mix of cash and bitcoin in its reserves. Chief Executive Phong Le said no additional bitcoin would be bought while the STRC preferred stock trades below its $100 par value. The company has repurchased about $25 million of that preferred stock.