💸 Strategy reported a net loss of $8.2 billion for the second quarter. In the same period a year earlier, the company posted a net profit of $10 billion.

According to the report, since the beginning of the year, the firm has sold approximately $218 million worth of Bitcoin to fund dividend payments on its preferred shares.

Strategy CEO Phong Le stated that the company reduced its convertible debt by 18% to $6.7 billion, while increasing its cash reserves by 12% to $2.4 billion.