Strategy shares fell 4.56% to $93.28 on July 31 after the company reported an $8.22 billion quarterly loss. The decline followed Strategy’s second-quarter results, which included an $8.32 billion unrealized loss on its Bitcoin holdings.
Quarterly Results
The company held 843,775 BTC at the end of the reporting period, representing a 25% increase from the start of the year. Lower Bitcoin prices reduced the market value of the position to about $54.77 billion.
Bitcoin Purchase Halt
Executive Chairman Michael Saylor said during the earnings call that Strategy would move away from directing all available funds toward immediate Bitcoin purchases. The company instead plans to maintain a combination of cash and BTC.
Stock Performance
The daily chart shows Strategy stock trading near the lower end of its recent consolidation range. A daily close below $90.31 could confirm renewed selling pressure and expose the late-June low around $81 to $82.
