Strategy lost $8.22 billion in Q2, but stock rose 4.4% anyway, here is why market is not worried

On July 30, 2026, Strategy reported an $8.22 billion net loss for Q2. The diluted loss per share came in at $24.45, against analyst estimates of $2.19 per share. That is not a miss. That is a miss by a factor of more than ten. And yet Strategy shares closed at $97.74 on the day, up 4.41 percent. ...