MicroStrategy has published its Q2 earnings report, which includes far less brutal figures surrounding its Bitcoin holdings than last year.
Highlights
- MicroStrategy announced on Tuesday that it has gobbled up another 420 BTC since its last announcement in June.
- This brings the company’s total holdings up to 152,800 BTC worth $4.46 billion.
- The company has also increased its cash holdings since Q4 2022 from $43.8 million to $66 million.
- In late June, the firm announced that it had purchased 12,333 BTC since April through money raised by the company selling shares.
- The firm only suffered a $24.1 million impairment loss on its BTC holdings this quarter, versus a $917.8M loss in Q2 2022.
- CEO Michael Saylor remains the firm’s largest shareholder and primary advocate for BTC.
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