Despite the quarterly loss, Strategy increased its BTC holdings and continued reducing its outstanding convertible debt.

Leading Bitcoin treasury company Strategy’s results for the second quarter show a loss of over $8 billion, while crypto exchange Coinbase reported a 14% quarterly revenue loss.

According to the two companies’ latest earnings reports released on Thursday, Strategy lost over $8.23 billion in its operations after recording an unrealized loss of $8.32 billion in the second quarter of 2026. The largest crypto exchange by volume in the U.S., Coinbase, also suffered a 19% annual revenue decline, while its trading volumes went down 24% to slightly above…