Strategy books $8.2 billion second quarter loss on bitcoin price decline
CoinDesk·
60-second summary
Strategy, the world's largest corporate bitcoin holder, reports an $8.2 billion second quarter loss due to a decline in bitcoin price. The company has built a substantial cash reserve covering over two years of dividend payments, addressing investor concerns about its growing preferred securities holdings. This move aims to bolster investor confidence in the company's financial stability and long-term strategy.
The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities.