Strategy, a US software company and the largest holder of corporate bitcoin, reported a US$8.2 billion net loss in the second quarter.

Under US accounting rules for crypto assets, unrealized price changes flow through earnings each quarter, so the loss mainly reflected a paper revaluation rather than large sales of Strategy’s bitcoin holdings.

Strategy held 843,775 bitcoin as of July 26, up 25% from the start of the year.

At current prices, those holdings are worth about US$54.8 billion, compared with an acquisition cost of US$63.7 billion.

🔗 Source: CoinDesk

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