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Strategy Books $8.2bn Q2 Loss Due to Bitcoin Price Decline
Strategy, the world's largest corporate bitcoin holder, reported a net loss of $8.2 billion in Q2, driven by a decline in bitcoin's price. The company said it has built a cash reserve sufficient to cover more than two years of dividend payments, aiming to reassure investors who have questioned its growing pile of preferred securities. The results highlight the risks of a corporate strategy built around holding large amounts of bitcoin.
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