MicroStrategy's net loss in the second quarter was $102.6 million, and its Bitcoin holdings rose to 226,500
2024-08-01 23:54:52
Odaily News MicroStrategy reported second-quarter earnings, reporting a net loss of $102.6 million, or $5.74 per share, compared to revenue of $22.2 million, or $1.52 per share, in the same period last year. The loss was due to the company taking an impairment charge of $180.1 million on its Bitcoin holdings, compared to an impairment charge of $24.1 million in the second quarter of last year. The report showed that as of July 31, MicroStrategy held 226,500 Bitcoins, an increase from mid-June. The acquisition price of the 226,500 Bitcoins was $8.3 billion, an average of $36,821 per coin. At the current price of $63,500, the assets are worth approximately $14.4 billion. The company said its "BTC yield" so far this year is 12.2%, and its goal for the next three years is to reach 4% to 5% per year.
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