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Strategy posts $8.3 billion operating loss as Bitcoin falls 27% year to date
['Estefano Gomez']
Crypto Briefing
The company recorded an $8.32 billion unrealized loss as Bitcoin fell about 27% this year and traded below Strategy’s average purchase price.
Strategy reported an $8.33 billion operating loss for the second quarter as Bitcoin’s roughly 27% decline this year produced a substantial unrealized loss on the company’s digital asset holdings.
The company recorded an $8.32 billion unrealized loss on its digital assets during the quarter.
A year earlier, Strategy reported a $14.05 billion unrealized gain.
Strategy raised $17.06 billion through its capital markets programs during the year and reported a Bitcoin yield of 4.5%.