MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B
MicroStrategy shares jumped just 1% in after-hours trading, with the company posting a net loss of $123 million in the second quarter.
Business intelligence firm MicroStrategy purchased an additional 12,222 Bitcoin for $805 million in the second quarter of this year, bringing its total Bitcoin holdings to 226,500 BTC — worth $14.7 billion at current prices.
In its Q2 earnings call, MicroStrategy posted significant losses of $5.74 per share on a quarterly revenue of $111.4 million, a 7% decline year-over-year.
This came in way under analyst expectations which pegged a quarterly loss of $0.78 per share and $119.3 million in revenue, per Bloomberg survey data.
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Author: Tom Mitchelhill
