On August 19, Strategy rose 5.27% in regular trading, trading at $96.768/share with turnover of $368 million, rebounding sharply from the prior session's 5.07% decline.
On the news front, Strategy disclosed that 12 of its top 15 institutional shareholders increased their positions during Q2, with aggregate holdings rising by $1.2 billion. This represents one of the largest single-quarter institutional inflows since the company launched its aggressive Bitcoin acquisition strategy in 2020. Notably, Renaissance Technologies purchased 422,881 shares valued at $40.1 million, bringing its total position to 2.55 million shares worth approximately $242.3 million — a 20% increase.
The institutional endorsement arrives amid a challenging backdrop. Strategy reported a Q2 net loss of $8.22 billion, including $8.32 billion in Bitcoin fair value impairment. The company has sold approximately 6,948 BTC since late June at an average price of $62,146 — below its $75,000 cost basis — realizing losses of roughly $93.12 million. However, the company maintains $4.75 billion in cash reserves with 2.7 years of dividend coverage, signaling financial resilience despite near-term headwinds.
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