Key facts: Bitcoin -14% Q2; MicroStrategy $8.2B loss; ETFs net $233M

BTCUSD fell ~14% in Q2 from ~$68,000 to ~$58,600, trading near $64,700 in the latest session, showing notable volatility that affected Strategy performance.MicroStrategy reported an $8.2B Q2 net loss driven by an $8.32B unrealized markdown on bitcoin. Company holds 843,775 BTC (as of July 26); markdown tied to BTC price drop.BTCUSD spot ETFs drew about $233M in net inflows; BlackRock’s IBIT accounted for over $180M, signaling continued institutional buying amid the recent price pullback.Coldcard breach led to theft of 594 BTC (~$38M) from ~500 single-signature wallets in a 30-minute window, affecting BTCUSD spot CFD market risk and liquidity.BTCUSD held dominant market share as altcoins fell; ETH/BTC hit a three‑month high while Bitcoin funds saw net outflows. Institutional ETH flows rose; no broad altcoin rally tied to BTCUSD.Hyperscale Data sold ~100 BTC (~$6.5M at $64,823) to fund a Michigan AI data center and set up a bitcoin-backed credit facility, keeping remaining BTC as collateral with expected 4.5–5% interest.JPMorgan's Nikolaos Panigirtzoglou says uncertainty over the Clarity Act is pressuring BTCUSD, with markets pricing low chances of the bill passing.