Loss of $8.2 billion, Strategy's Bitcoin holdings once reached 846,000 in Q2

Odaily Odaily Planet Daily News Bitcoin treasury company Strategy released its second-quarter financial report, recording a loss of $8.2 billion, compared to a profit of $10 billion in the same period last year. The loss was primarily due to unrealized book losses on its Bitcoin holdings. Strategy stated that its Bitcoin holdings increased by 11% in the second quarter, peaking at 846,000 BTC before it began selling off some assets. As of the latest disclosure, the company holds 843,775 BTC. Since the beginning of this year, Strategy has sold approximately $218 million in Bitcoin to pay preferred stock dividends. The company had previously stopped purchasing Bitcoin for five consecutive weeks, prioritizing the expansion of its U.S. dollar cash reserves instead. At the end of June, Strategy launched a digital credit capital framework, planning to establish a minimum U.S. dollar reserve covering 12 months of preferred stock dividends and interest expenses, and authorized a Bitcoin monetization plan of up to $1.25 billion to supplement reserves or pay dividends. CEO Phong Le stated that the company reduced its convertible bond scale by 18% to $6.7 billion in the second quarter, while increasing its U.S. dollar reserves by 12% to $2.4 billion. CFO Andrew Kang stated that the company currently holds approximately $3.75 billion in U.S. dollar reserves, sufficient to cover related expenses for about two years, and has paid dividends on time for 18 consecutive months.