Strategy (NASDAQ:MSTR) shares declined by 1% following the disclosure of a loss of $8.32 billion on digital assets for the quarter ended June 30, 2026. According to regulatory reports, the company recorded $8.31 billion in unrealized losses and $0.9 million in realized losses. The cost of Bitcoin exceeded fair value, necessitating the creation of a reserve against deferred tax assets and liabilities.

Strategy sold Bitcoin in two deals: 1,363 BTC for $80.8 million at a price of $59,256 (June 29-30) and 2,225 BTC for $135.2 million at $60,773 (July 1-5). The proceeds are used to pay dividends on STRC preferred shares and replenish the dollar reserve. As of 5 July, the company’s reserves had fallen to 843,775 BTC with an average purchase price of $75,578.

Strategy’s dollar reserve amounted to $2.55 billion as of July 5, with the $1.25 billion bitcoin monetization program remaining inactive. The company also appointed Andrew Kana as chief accountant after retirement, Janine Montgomery. During this period, Strategy did not carry out any share trading under placement or buyback programs.