BTCBitcoin Price

Strategy, the world's largest institutional Bitcoin investor, released its Q2 2026 financial results. The company's Bitcoin reserves grew by 11% in the quarter, reaching 843,775 BTC. Since the start of 2026, its Bitcoin holdings have increased 25%, with a reported 4.5% return on its BTC assets. The company launched a "BTC Monetization Program," generating $218.4 million in sales year-to-date. It also raised $17.06 billion through at-the-market (ATM) equity programs and announced a $1 billion MSTR stock buyback, though no shares had been repurchased as of July 26. New performance metrics, including "BTC Hurdle ARR" and "Net Bitcoin per Share," were introduced for investors. In digital lending, capital raised via STRC bonds surged 254% to $7.53 billion. Dividend payments to preferred shareholders totaled $1.06 billion, with reserves for dividends and interest rising 12% to $3.75 billion, sufficient for over 2.1 years of coverage. Strategy reduced its convertible debt by 18% in Q2 while increasing Bitcoin per share by 5%, maintaining its position as the world's top institutional Bitcoin holder with 843,775 BTC.

Coldcard manufacturer Coinkite has issued a security alert after reports surfaced of a coordinated loss of approximately 594 BTC (worth around $38 million) from numerous old, single-signature addresses on July 30, 2026. CEO Rodolfo Novak stated the company is prioritizing the investigation, though it has not officially confirmed a direct link to Coldcard devices. Preliminary findings indicate a potential vulnerability affecting Coldcard Mk3 devices that generated seeds using firmware versions from 4.0.1 (March 2021) to 5.0.3. Mk4, Q, and Mk5 models are reportedly not affected. The suspected issue relates to weak randomness in seed generation on some older Mk2 and Mk3 firmware, not a supply chain compromise. Coinkite notes wallets protected by a user-set BIP-39 passphrase appear at minimal risk. For vulnerable Mk3 users not using a passphrase, the company recommends migrating funds to a new seed generated on an unaffected device, advising caution and test transactions first. As temporary measures for those with only an Mk3, Coinkite suggests either setting a strong BIP-39 passphrase and moving funds, or generating a new seed via the device's "dice roll" import method, which bypasses its internal random number generator. A full technical analysis is pending as the investigation continues. The incident has drawn significant attention within the Bitcoin community given Coldcard's reputation as a secure, air-gapped hardware wallet.

In July 2026, U.S. spot Bitcoin ETFs posted their worst performance since their January 2024 launch, attracting a net inflow of only about $204.67 million according to SoSoValue. This starkly contrasts with July 2025, which saw inflows exceeding $6 billion. The month's performance was uneven, with a seven-session mid-month period drawing nearly $1 billion and marking the first three consecutive weeks of inflows since early May. However, major outflows of $225 million and $240 million on July 23 and 24, respectively, erased most of these gains. Despite being the weakest month on record, July still ended with a net positive inflow. This followed two months of significant outflows: $2.43 billion in May and a record $4.51 billion in June. From early May to late June, these ETFs lost over $8.2 billion over eight consecutive weeks of outflows. The total net assets for all U.S. spot Bitcoin ETFs now stand at approximately $77.46 billion. This represents a decline of roughly half from the peak of $150 billion recorded in September 2025.

US spot Bitcoin ETFs recorded their strongest daily inflows in over three weeks on Thursday, with $233.1 million in net investments. BlackRock's IBIT led with $183.4 million, followed by Bitwise's BITB and Fidelity's FBTC. These inflows moved the funds into positive territory for the week with $203.84 million in net gains, potentially marking their fourth consecutive week of net inflows. The trend also puts July on track to end a two-month streak of significant outflows. Bitcoin traded at $64,338, while spot Ether ETFs saw $13.3 million in net inflows, with Ether trading at $1,905.

Strategy, the largest corporate holder of Bitcoin, reported a net loss of $8.22 billion for the second quarter. This loss was primarily driven by an $8.32 billion unrealized loss on its Bitcoin holdings due to a decline in the asset's price during the period. Despite these paper losses, the company increased its Bitcoin holdings to 843,775 BTC, a 25% growth since the start of the year. As part of a new monetization strategy, Strategy sold approximately $218.4 million worth of Bitcoin, mainly to fund dividends for preferred shareholders, with $216 million of that sold after Q2 ended. The company also built a $3.75 billion cash reserve, which it claims is sufficient to cover over two years of dividend and interest payments, aiming to insulate itself from Bitcoin's volatility while meeting obligations. Following the earnings release, Strategy's stock (MSTR) rose 4.7% in regular trading but corrected slightly after-hours. This pattern reflects how the company's accounting results are heavily tied to Bitcoin's price swings, even as its long-term strategy remains unchanged. The report indicates that Strategy is maintaining its core strategy of accumulating Bitcoin while building a financial buffer. This quarterly loss follows a recognizable pattern, with the company posting significant unrealized losses in previous quarters (e.g., $12.4 billion in Q4 2025 and ~$12.5 billion in Q1 2026) due to fair-value accounting. A key technical shift is its new monetization program, which introduces periodic selling pressure on the market, transitioning Strategy from a pure accumulator to a participant that occasionally adds supply. A critical question remains: how long can the cash reserve cover dividend obligations if a Bitcoin price downturn persists beyond two years?