---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-051027"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2026-07-30T20:00:23+00:00"
generated_at: "2026-07-30T20:01:15.294821+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Strategy Q2 net loss $8.22B; bitcoin holdings 843,775; revenue up 6.9% YoY

## Summary
- Net loss of $8.22B ($24.45 diluted EPS loss) vs net income of $10.02B ($32.60 diluted EPS) in Q2 2025.
- Revenue $122.4M, up 6.9% YoY; gross margin 66.6% vs 68.8%.
- Bitcoin holdings 843,775 as of July 26, 2026; average cost $75,476, market price $64,915.
- Raised $17.06B YTD via ATM programs; STRC issuances $7.53B YTD.
- Repurchased $28.9M notional of STRC for $25M (13% discount); $1.5B convertible notes repurchased at 8% discount.

## SEC filing metadata
- accession: 0001628280-26-051027
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2026-07-30T20:00:23+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000162828026051027/0001628280-26-051027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000162828026051027/mstr-20260730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-051027
- JSON: https://secwatch.observer/filing/0001628280-26-051027.json
- Plain text: https://secwatch.observer/filing/0001628280-26-051027.txt

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