---
schema_version: "secwatch.filing_event.v1"
accession: "0001050446-26-000036"
form_type: "8-K/A"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-07-31T00:43:41+00:00"
generated_at: "2026-07-31T10:10:41.298548+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Strategy Q2 2026 net loss $8.22B ($24.45/share) on $8.33B unrealized bitcoin loss; holds 843,775 BTC

## Summary
- Operating loss of $8.33B vs $14.03B income in Q2 2025, driven by $8.32B unrealized digital asset loss.
- Revenue $122.4M (+6.9% YoY); gross margin 66.6% vs 68.8% a year ago.
- Bitcoin holdings 843,775 as of July 26, 2026; BTC Yield 4.5% YTD; average cost $75,476 per BTC.
- Raised $8.41B via ATM in Q2; repurchased $1.50B of 0% convertible notes at 8% discount.
- USD Reserve $3.75B (2.1 years coverage); STRC dividend rate raised to 12.00%.

## SEC filing metadata
- accession: 0001050446-26-000036
- form_type: 8-K/A
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-07-31T00:43:41+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000036/0001050446-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000105044626000036/mstr-20260730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050446-26-000036
- JSON: https://secwatch.observer/filing/0001050446-26-000036.json
- Plain text: https://secwatch.observer/filing/0001050446-26-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.