On July 31, Strategy declined 5.46% in regular trading, trading at $91.245 per share with turnover of $365 million. The sell-off followed the company's Q2 earnings release after market close the prior session, which revealed a far worse-than-expected loss.

Strategy reported a Q2 net loss of $24.45 per diluted share, swinging sharply from earnings of $32.60 per share a year earlier. The loss dramatically exceeded the analyst consensus estimate of approximately $2.19 loss per share. Revenue rose 6.9% year-over-year to $122.4 million, roughly in line with expectations. As of quarter-end, the company held approximately 846,000 Bitcoin, valued at $54.77 billion based on Bitcoin's July 27 price of $64,915. Strategy also repurchased $1.5 billion in convertible bonds maturing in 2029 at 8% below par value, and reported dollar reserves of $3.75 billion as of July 26, equivalent to approximately 2.1 years of preferred stock dividends and interest payments.

The broader crypto-linked sector traded mixed, with Coinbase also under pressure after reporting a wider-than-expected Q2 loss amid weak trading activity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)