By Katherine Hamilton
Strategy, the Bitcoin holding company, said it had an $8.32 billion loss on digital assets in its second quarter.
The loss comes after the company, formerly known as Microstrategy, sold 3,588 Bitcoin for less than it paid.
From June 29 to June 30, Strategy sold the 1,363 Bitcoin for an average price of $59,256, and between July 1 and July 5, the company sold 2,225 Bitcoin for an average price of $60,773.
The average purchase price of Strategy's existing Bitcoin holdings is $75,476. It now holds 843,775 Bitcoin.
Shares were down 4.5% to $96.29 shortly after the opening bell.
Through Friday's close, the stock had lost a third of its value this year. Bitcoin prices have slid about 30% over the same time period, falling from peaks in 2025.
Proceeds from the Bitcoin sales were used to fund payment of distributions on preferred stock and to replenish a portion of Strategy's U.S. dollars reserve.
Strategy maintains a U.S. dollar reserve to pay dividends on the company's preferred stock and interest on outstanding debt. Its USD reserve was $2.55 billion, as of Sunday.
Write to Katherine Hamilton at katherine.hamilton@wsj.com