Strategy, the leading Bitcoin treasury company, posted a loss of over $8.23 billion in Q2 2026, after recording an unrealized loss of $8.32 billion tied to lower Bitcoin prices. The company nonetheless increased its BTC holdings by 846 units and raised its trailing twelve-month revenue to over $122 million, up 6.9%. Meanwhile, Coinbase saw its annual revenue drop by 19% and its trading volumes decline by 24% to slightly above $145 billion. The exchange posted adjusted losses exceeding $300 million, while USDC holdings across Coinbase products reached a record $20 billion, representing over 30% of all USDC in circulation.
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