CoinDesk·4 min read·hard
Strategy books $8.2 billion Q2 loss on bitcoin price decline
K
Krisztian Sandor
✦AI Summary
MicroStrategy reported an $8.2 billion quarterly loss primarily due to an unrealized markdown on its massive bitcoin holdings. Despite the loss, the company is diversifying its business model by establishing a 'Digital Credit' asset class and adjusting its long-standing bitcoin accumulation strategy.
The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting.
businesscryptoeconomy
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