Strategy reported an $8.33 billion operating loss for the second quarter as Bitcoin’s roughly 27% decline this year produced a substantial unrealized loss on the company’s digital asset holdings.
Bitcoin was trading near $64,700 following the earnings announcement, compared with approximately $88,400 at the end of 2025.
The company recorded an $8.32 billion unrealized loss on its digital assets during the quarter. A year earlier, Strategy reported a $14.05 billion unrealized gain.
Strategy posted a net loss of $8.22 billion, or $24.45 per diluted common share, compared with net income of $10.02 billion, or $32.60 per share, in the same period last year.
Shares were mostly flat in after hours trading following the results.
