Strategy (MSTR), the world’s largest corporate bitcoin BTC$65,019.49 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings.
The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting.
The company held 843,775 bitcoin as of July 26, up 25% from the start of the year. At current prices, the stash is worth roughly $54.8 billion, compared with an acquisition cost of $63.7 billion.
The report came after a period of growing investor scrutiny on the firm over whether it can sustain an increasingly complex capital structure built around multiple classes of preferred stock, common equity and convertible debt.
The company raised $17.06 billion through at-the-market stock offerings this year, repurchased $1.5 billion of convertible notes at an 8% discount and expanded its U.S. dollar reserve to $3.75 billion, enough to cover more than two years of preferred dividend payments and interest expenses.
Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,724.82 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings.
The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting.
The company held 843,775 bitcoin as of July 26, up 25% from the start of the year. At current prices, the stash is worth roughly $54.8 billion, compared with an acquisition cost of $63.7 billion.
The report came after a period of growing investor scrutiny on the firm over whether it can sustain an increasingly complex capital structure built around multiple classes of preferred stock, common equity and convertible debt.
The company raised $17.06 billion through at-the-market stock offerings this year, repurchased $1.5 billion of convertible notes at an 8% discount and expanded its U.S. dollar reserve to $3.75 billion, enough to cover more than two years of preferred dividend payments and interest expenses.
Canadians’ ownership of cryptocurrencies increased to 25% in 2026 from 10% in 2023, new data from the Ontario Securities Commission (OSC) shows.
In the results of a survey released on Tuesday, the OSC found that crypto ownership and awareness among Canadians had increased from that a few years ago. The survey polled 2,360 individuals age 18 and over between December 2025 and January 2026, finding that 59% of the respondents were aware of crypto assets and 25% held them.
“Crypto markets continue to evolve, and Canadians are participating in them more than ever before,” said Naizam Kanji, executive vice president of strategic regulation at the OSC. “By identifying emerging trends and behaviors with our research, we can look around corners, anticipate potential opportunities and risks, and ensure our regulatory approach supports investor protection while fostering fair and efficient markets.”
According to the survey, the results also suggested an increasing awareness of risk, though it was still based on a limited understanding of the industry. About 50% of crypto owners reported checking whether a platform was registered before using it, but many investors “had some misunderstanding around regulation, insurance protections and transaction capabilities.”
Lawmakers in Ottawa have proposed various measures to address different uses of cryptocurrency in the country. In April, the federal government advanced a bill that could ban political donations using crypto, and proposed banning digital asset ATMs, citing concerns about fraud.
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Some of the world’s biggest banks have completed real cross-border payments using tokenized money in a test led by the Bank for International Settlements (BIS), another sign that tokenization is moving into the plumbing of global finance.
Project Agorá, which brings together five central banks and 28 commercial lenders including JPMorgan, Citi, UBS, Deutsche Bank and Standard Chartered, processed roughly $1 million (CHF 800,000) in real-value transactions across six currencies — the U.S. dollar, euro, British pound, Japanese yen, Swiss franc and South Korean won.
The pilot used tokenized central bank reserves and commercial bank deposits to settle corporate, interbank payments perand foreign exchange settlements. The payments settled in an average of about 80 seconds, even though the prototype was not directly integrated with banks’ existing payment infrastructure, the BIS report said.
The project fits into a broader shift as stablecoins and tokenized assets gain traction across global finance. Asset managers have begun issuing tokenized money market and private credit funds, while stablecoins are increasingly being used for cross-border payments and corporate treasury operations.
A new model for cross-border payments
Project Agorá explores whether the same technology can modernize the infrastructure banks use to move money internationally.
Tokenized asset specialist Ondo Finance is evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter.
The New York-based company is considering wealthtech targets, among other subsectors, said the person, who spoke on condition of anonymity because the matter is private.
Ondo has not yet appointed any formal advisers, the person said.
Founded in 2021 by former Goldman Sachs executives, Ondo Finance is a tokenization platform that brings traditional financial assets onchain. The company issues tokenized U.S. Treasuries and stocks and has become one of the largest providers of tokenized real-world assets, with more than $2.5 billion across its products.
“As a fast-growing company, Ondo regularly evaluates the market as part of normal business operations. We are not in conversations with any party at this time,” an Ondo representative said in emailed comments to CoinDesk.
Crypto dealmaking has remained strong in 2026 as traditional financial firms and larger digital-asset companies use acquisitions to add licenses, technology and distribution.
Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska.
Telegram, the messaging platform used by more than 1 billion people worldwide, is facing a major legal challenge in Australia over claims that it failed to stop the spread of terrorism-linked material.
Australia’s online safety regulator, the eSafety Commissioner, launched civil penalty proceedings against Telegram in the Federal Court on Thursday, according to an official statement.
The authority alleged Telegram breached its obligations under the country’s Online Safety Act to address “pro-terror” content by failing to act on multiple user complaints.
The case adds to growing global scrutiny of Telegram’s moderation practices, following legal pressure on CEO Pavel Durov in Russia and France as governments increasingly examine how major online platforms handle harmful content.
Australia alleges Telegram ignored repeated warnings
ESafety said its year-long investigation found that Telegram failed to remove certain unlawful material after becoming aware of it, with some reported content remaining visible for up to three weeks.
The regulator also alleged that Telegram did not take sufficient steps to prevent repeated violations, including removing accounts, channels and groups used to distribute pro-terror material.
According to eSafety, Telegram also failed to detect known extremist content, including footage from the 2019 Christchurch mosque shootings and the 2022 Buffalo mass shooting, before the material was later removed.
Related: Pavel Durov says Telegram to roll out native Gram crypto wallet
The regulator is seeking financial penalties, with violations of Australia’s online safety rules carrying potential fines of up to 54.6 million Australian dollars ($35.8 million).
Telegram has not issued an official statement on the Australian proceedings, but its official X account posted a video captioned “freedom of expression.”
Telegram did not immediately respond to Cointelegraph’s request to comment on this story.
Russia intensifies legal pressure on Durov
Australia’s legal action came a day after Russia’s Federal Security Service (FSB) charged Durov with facilitating terrorist activity and said it had begun procedures to place him on an international wanted list.
Russian authorities alleged that Telegram failed to remove channels, chats and bots that Ukrainian intelligence services, terrorist groups and extremist organizations used to coordinate attacks, recruit operatives and carry out cyber fraud.
Telegram has also not issued an official statement on the latest legal developments in Russia, but posted an image of Durov making a profane hand gesture.
Source: Telegram Messenger
Durov also remains under investigation in France following his August 2024 arrest at Le Bourget Airport. French prosecutors charged him with offenses including complicity in the distribution of illegal content, including material related to organized crime, through Telegram.
Durov has previously criticized what he described as growing threats to online privacy, warning that governments were rolling back protections for the free internet.
“What was once the promise of the free exchange of information is being turned into the ultimate tool of control,” he wrote in an October 2025 post on X.
Magazine: The real reason DeFi projects that survived 2022 crash are shutting down now
Crypto’s largest tokens were close to unchanged on Thursday as the semiconductor selloff that has driven markets for two weeks showed its first real sign of easing.
Ether traded at about $1,905 and bitcoin at $64,100, both flat on the day, with XRP at $1.07, solana at $74, BNB at $572 and TRON at 33 cents. Hyperliquid’s HYPE slipped to $54. Volumes were modest, with roughly $28 billion changing hands in bitcoin and $10 billion in ether.
Electronics giant Samsung said chip profit rose more than 250-fold on AI memory shortages, and the Kospi swung between a 6% gain and a 2% loss before settling, after a stretch that took the index down more than 40% from its June peak.
Samsung’s reaction is the tell on how high the bar has become. Profit up 250-fold moved the shares 2%. SK Hynix reported profit up 557% on Wednesday and fell 17%. Results are not the problem, expectations are.
U.S. earnings split overnight. Microsoft gained nearly 9% in extended trading on its fastest cloud growth in four years, while Meta fell 8% on a weak revenue forecast. Nasdaq 100 futures rose 1% after the index entered a technical correction on Wednesday.
