MicroStrategy reported a second consecutive quarterly loss, with a web earnings of -$102.6 million for Q2 2024
MicroStrategy reported a second consecutive quarterly loss, with a web earnings of -$102.6 million for Q2 2024, in comparison with $22.2 million in Q2 2023.
The corporate took an impairment cost in opposition to its $14.5 billion Bitcoin holdings. Regardless of the losses, MicroStrategy acquired 12,222 bitcoins for $805.2 million in Q2, bringing its whole holdings to 226,500 BTC.
The corporate introduced a 10-for-1 inventory break up efficient August 7, 2024, and plans to promote as much as $2 billion in new inventory to fund extra Bitcoin purchases.
CEO Michael Saylor goals to extend Bitcoin holdings per share yearly by 4-8% over the following three years. MicroStrategy’s whole income for Q2 was $111.4M, with an EPS of -$5.74.
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