Strategy sells 3,588 Bitcoin as Q2 digital asset loss hits $8.3 billion

Strategy reported a digital asset loss of $8.3 billion for Q2 2026, reflecting significant market volatility. To cover preferred stock dividend payments, the company sold 3,588 Bitcoin for $216 million, as confirmed by co-founder Michael Saylor. This transaction reduced Strategy's Bitcoin reserves to 843,775 BTC as of July 5, 2026. Additionally, Saylor noted that the company maintains $2.55 billion in cash reserves, highlighting the financial risks and shifting dynamics within the crypto market.