Story file

Strategy corporate bitcoin treasury management

The developments in this story so far, most recent first.

  1. · Milestone

    Strategy posts $8.2B Q2 loss on Bitcoin markdown

  2. · date approximate · Background

    Bitcoin reached an all-time high of $126,080.

    Bitcoin reached an all-time high of $126,080 in October 2025 [12]. However, by the end of the second quarter of 2026, bitcoin was trading around $64,700, down 26% year-to-date and about 14% during Q2 2026 alone [13][16][17][18].

    The decline had a direct impact on Strategy, the world's largest corporate bitcoin holder. The company reported a second-quarter net loss of $8.2 billion for 2026, primarily driven by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting [1][2]. As of July 26, 2026, Strategy held 843,775 bitcoin, with a market value of approximately $54.8 billion [3][6].

  3. · date approximate · Background

    Strategy reported net income of $10.02 billion in the second quarter of 2025.

    During the second quarter of 2025, Strategy reported a net income of $10.02 billion.