Q2 results reflected the bitcoin price decline: a net loss of $8.22 billion driven by an $8.32 billion unrealized loss on digital assets, compared with a $10.02 billion profit a year earlier. Operating revenue rose 6.9% to $122.4 million. Strategy's common stock fell 4.56% to $93.28 on July 31 after the earnings release, nearing its lower Bollinger Band at $90.31.
Executive Chairman Michael Saylor posted "Bitcoin Drive engaged" on August 2, a phrase that has previously preceded purchase announcements. His accompanying tracker showed 843,775 BTC with a market value of approximately $53.25 billion, an unrealized loss of $10.58 billion (-16.58%), and 113 purchase events to date. Bitcoin traded near $63,327 with 24-hour volume of $15.1 billion.
What to Watch
Whether STRC can close the gap to par — and reactivate the ATM engine that has funded the bulk of Strategy's accumulation — now determines the pace of the world's largest corporate bitcoin buyer. Will the preferred's recovery to par arrive before the pause stretches into a sixth week?
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
