Strategy Inc. (MSTR) reported its second-quarter results after Thursday's closing bell, and while revenue came in a hair below expectations, the big story remains its ever-growing Bitcoin stash.
The company posted quarterly revenue of $122.39 million, just missing the consensus estimate of $122.91 million, according to market data.
As of July 26, Strategy holds 843,775 Bitcoin (BTC), cementing its status as the world's largest institutional holder of the cryptocurrency. Here's a quick breakdown of the Bitcoin-related metrics the company disclosed:
- BTC Yield: 4.5% year-to-date in 2026.
- BTC Gain: 29,997 Bitcoin added in 2026 YTD.
- BTC $ Gain: $1.95 billion in dollar terms YTD, based on the July 27 Bitcoin price of $64,915.
- Digital Assets: The company's 843,775 Bitcoins have an original cost basis of $63.69 billion and a market value of $54.77 billion, reflecting an average cost per Bitcoin of about $75,476 versus a market price of roughly $64,915 as of July 27.
Strategy raised a hefty $8.41 billion in gross proceeds during the three months ended June 30, and another $1.28 billion between July 1 and July 26. That's a lot of firepower for buying more Bitcoin.
“In the midst of this phase of muted Bitcoin sentiment and market skepticism, we continue to evolve our business model and establish Digital Credit as a new asset class,” said Michael Saylor, founder and executive chairman. “Our plan is to return STRC to health with stable demand, high liquidity, and low volatility trading near par. We believe this is the best way to create shareholder value over the long term.”
STRC is Strategy's Variable Rate Perpetual Stretch Preferred Shares, Series A, traded on the Nasdaq.
As for the stock, Strategy shares were down 0.67% to $97.09 in Thursday's extended trading.
