Bitcoin treasury company Strategy reported an $8.2 billion Q2 loss driven by unrealized losses on its Bitcoin holdings during the cryptocurrency market downturn. The company has established a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program.
Strategy, a Bitcoin treasury company, disclosed an $8.2 billion loss in the second quarter, primarily stemming from unrealized losses on its Bitcoin holdings as the cryptocurrency market experienced significant downward pressure. In response to market conditions and to support its capital structure, the company has built a $3.75 billion cash reserve designed to facilitate preferred stock payouts. This cash reserve was established following the launch of Strategy's new BTC monetization program, which appears to be part of the company's strategy to generate returns and manage its Treasury holdings during volatile market conditions.
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The chart totals every SEC-reported transaction by month and share count, separating informative purchases and sales from non-informative awards, vesting, exercises, tax withholding and transfers. Records without a reported price remain included. Only informative purchases and sales affect the conservative sentiment signal.
Recent SEC-reported share and derivative transactions in Strategy Inc.
0 discretionary purchases · 8 discretionary sales
Confidence: High
| Insiders | Activity | Description | Shares | Avg. price / share | Est. value | Trade date |
|---|---|---|---|---|---|---|
| DirectorPatten Jarrod M | Informative sell | Class A Common StockOpen-market or private transaction (S) | 450 | $154.47 | $69,512 | Oct 9, 2026 |
| DirectorPatten Jarrod M | Informative sell | Class A Common StockOpen-market or private transaction (S) | 450 | $156.00 | $70,200 | Oct 9, 2026 |
| DirectorPatten Jarrod M | Informative sell | Class A Common StockOpen-market or private transaction (S) | 450 | $158.00 | $71,100 | Oct 9, 2026 |
| DirectorPatten Jarrod M | Non-informative buy | Class A Common StockExercise or conversion; not an open-market trade (M) | 1,350 | — | — | Oct 9, 2026 |
| DirectorPatten Jarrod M | Informative sell | Class A Common StockOpen-market or private transaction (S) | 950 | $150.54 | $143,013 | Oct 8, 2026 |
As filed with the SEC. Estimated value is shown only for purchases or sales with a positive reported transaction price; awards, gifts and similar activity are not assigned an assumed market value. Amendments may change the record. This is not investment advice.
Quarterly reported positions. These filings can arrive up to 45 days after quarter-end and are not real-time trades.
Institutional ownership: 58.16%
Open short positions reported twice monthly; this is not daily short-sale volume.
Recent reported earnings per share compared with the analyst consensus available from Nasdaq.
| Owner | Activity | Change | Shares held | Value (thousands) | Reported |
|---|---|---|---|---|---|
| Capital International Investors | Buy | 3,460,241 (11.005%) | 34,902,002 | $5,088,712 | 6/30/2026 |
| Vanguard Group Inc | Buy | 4,178,611 (21.015%) | 24,062,886 | $3,508,369 | 12/31/2025 |
| Blackrock, Inc. | Buy | 1,640,399 (9.24%) | 19,394,284 | $2,827,687 | 6/30/2026 |
| Vanguard Portfolio Management Llc | Buy | 611,701 (4.149%) | 15,353,408 | $2,238,527 | 6/30/2026 |
| Vanguard Capital Management Llc | Buy | 861,087 (6.117%) | 14,938,599 | $2,178,048 | 6/30/2026 |
| Invesco Ltd. | Buy | 616,325 (7.064%) | 9,340,682 | $1,361,871 | 6/30/2026 |
| Morgan Stanley | Buy | 44,440 (0.479%) | 9,330,454 | $1,360,380 | 6/30/2026 |
| State Street Corp | Buy | 506,635 (7.216%) | 7,527,561 | $1,097,518 | 6/30/2026 |
| Goldman Sachs Group Inc | Buy | 4,023,500 (225.196%) | 5,810,162 | $847,122 | 6/30/2026 |
| Ubs Group Ag | Sell | -1,367,953 (-21.674%) | 4,943,411 | $720,749 | 6/30/2026 |
| Geode Capital Management, Llc | Sell | -49,114 (-1.055%) | 4,606,751 | $671,664 | 6/30/2026 |
| Capital World Investors | Buy | 28,826 (0.673%) | 4,310,934 | $628,534 | 6/30/2026 |
Source: Nasdaq
| Settlement date | Short interest | Avg. daily volume | Change vs. previous report | Days to cover |
|---|---|---|---|---|
| Sep 30, 2026 | 29,376,814 | 23,816,526 | -4.44% | 1.23 |
| Sep 15, 2026 | 30,741,182 | 21,661,051 | -5.77% | 1.42 |
| Aug 31, 2026 | 32,622,124 | 32,853,234 | +2.33% | 1.00 |
| Aug 14, 2026 | 31,879,835 | 15,527,303 | -1.85% | 2.05 |
| Jul 31, 2026 | 32,480,941 | 15,066,603 | -19.35% | 2.16 |
| Jul 15, 2026 | 40,275,607 | 20,453,978 | -5.85% | 1.97 |
| Jun 30, 2026 | 42,776,693 | 32,519,811 | +4.64% | 1.32 |
| Jun 15, 2026 | 40,878,742 | 22,416,963 | — | 1.82 |
Source: Nasdaq
| Fiscal quarter | Reported | EPS | Consensus | Surprise |
|---|---|---|---|---|
| Jun 2026 | Jul 30, 2026 | -24.45 | 52.04 | -146.98% |
| Mar 2026 | May 5, 2026 | -38.25 | -3.41 | -1021.7% |
| Dec 2025 | Feb 5, 2026 | -42.93 | 46.02 | -193.29% |
| Sep 2025 | Oct 30, 2025 | 8.42 | -0.11 | +7754.55% |
Source: Nasdaq
