💸 @MicroStrategy reported an $8.2B net loss in Q2 2026, swinging from a $10B profit in the same quarter a year prior, as #Bitcoin prices were more than 40% lower year-over-year. The loss was driven almost entirely by unrealized, paper losses on its Bitcoin holdings. So far this year, the firm sold approximately $218M in $BTC to fund preferred stock dividends. CEO @phongle noted the company reduced its convertible debt by 18% to $6.7B while increasing its USD reserve by 12% to $2.4B during the quarter. CFO @AndrewYang added the reserve currently stands at $3.75B — enough to cover preferred dividend payments and interest obligations for roughly two years.