Strategy has officially announced a fundamental change in its approach to managing attracted capital, abandoning the previous practice of automatically reinvesting all funds in the first cryptocurrency. CEO Fong Le, during a conversation with investors, said that the organization would independently determine the optimal share of the dollar reserve, recognizing the economic feasibility of retaining fiat liquidity. In the second quarter of 2026, the company recorded a net loss of $8.22 billion, which is in sharp contrast to the profit made a year earlier. The main part of the operating losses was the unrealized revaluation of the bitcoin reserve against the background of a decrease in the quotes of the underlying asset to $ 58,700 by the end of June. At the same time, the company's underlying revenue grew by 6.9 percent year-on-year, reaching $122.4 million.

Despite the announced change in tactics, the total volume of Strategy's cryptocurrency reserves increased by 11 percent and reached 846,000 bitcoins, with a market value estimated at about $55 billion. At the same time, management is actively increasing its fiat reserve, which reached $3.75 billion by the end of July, which ensures reliable coverage of dividend and interest payments for two years in advance. In the reporting period, the firm also successfully reduced the amount of convertible debt by 18 percent, optimizing it to $6.7 billion. The company's gross profit amounted to $81.6 million with a high margin of 66.6 percent, which indicates the sustainability of the core business and effective control over operating expenses.

Since the beginning of this year, Strategy has sold bitcoins totaling $218.4 million, using the proceeds to test internal trading processes and pay dividends on preferred securities. Nevertheless, the company remains a net buyer in the market, having acquired 174,895 coins during this period and significantly increased its position. One of the management's priorities for the near future is to return STRC preferred stock quotations to the nominal range of $99-100, whereas at the time of publication of the report they were trading around $89.5. This flexible liquidity management strategy allows the company to adapt to the high volatility of the digital asset market, while maintaining its status as the largest corporate holder of bitcoin.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.