By: Isha Das
In a significant move highlighting its continued commitment to Bitcoin, MicroStrategy has reported a substantial second-quarter loss while also raising its Bitcoin holdings. The company disclosed a net loss of $102.6 million for the second quarter of the year, yet it remains undeterred in its strategy to accumulate and hold Bitcoin.
MicroStrategy has bolstered its Bitcoin reserves by an additional $11 million, bringing its total holdings to more than $14 billion in BTC. This translates to a total of 226,500 Bitcoin in its treasury, reaffirming the firm’s long-standing belief in the cryptocurrency’s long-term value.
Despite the financial setbacks, this move underlines MicroStrategy's strategic focus on digital assets amid a fluctuating market. For those interested in learning more about MicroStrategy's financial strategy and their Bitcoin investment, further details can be obtained from the company's official channels and financial reports.